The securities services team for the French banking giant has made more appointments, at a time when this part of the firm is expanding coverage of wealth management.

Societe Generale’s securities services arm, which last year expanded to serve wealth management in the UK, has created three new positions in the country.

Sarbjit Panesar has been appointed global head of business development for the insurance sector. Joining from SS&C Globe Op, he will be responsible for developing business solutions aimed at a clientele of insurance companies and asset managers for insurers. He reports to Etienne Deniau, head of business development for asset managers and asset owners in Paris.

Stephen Donnet becomes head of securities banking operations for the UK. Previously a director at City Consultants, he will be responsible for building robust and scalable banking operations to service SGSS’s UK client base. He reports to Bertrand Blanchard, the unit's country manager in the UK, and Didier Rolland, global head of securities banking operations in Paris, Societe Generale said in a statement yesterday.

Florence Cuenet-Soulier has been appointed client solution manager for buy-side clients, having previously been in charge of the client management unit for hedge funds at Societe Generale Corporate and Investment Banking in London. She will be developing business and client solutions for the asset managers and asset owners segment in the UK, which includes the recently launched wealth and investment management outsourcing solution. Cuenet-Soulier reports to Blanchard and Deniau.

At the end of September last year, SGSS launched a wealth and investment management outsourcing solution in the UK. Aimed at mid-tier wealth and investment fund managers, the service spans the post-trade value chain from global execution to global custody.