Societe Generale Private Banking has named Nicolas Cagi Nicolau as head of commercial and marketing – a role in which he will be responsible for defining and implementing the business’ commercial strategy in tandem with the executive committee.

Nicolau’s new posting will see him supervise the marketing and commercial activities for SocGen’s private banking business both domestically and abroad.  He will report to Jean-François Mazaud and Patrick Folléa, the recently-installed new head and deputy head of SGPB.

Nicolau has been deputy global head of market solutions at SGPB for just over a year, managing market activities covering fixed income, foreign exchange, equity and bonds, and overseeing the development and promotion of its structured products and derivatives business lines.

SGPB has see several major changes to its management in recent weeks. Daniel Truchi stepped down as head of the business and was replaced by Mazaud earlier this month, while Folléa was assigned as his deputy. Folléa is CEO of SGPB France and supervisor of the private bank’s activities in Belgium, responsibilities he retains along with his new role.

The firm has also unveiled a new private investment banking service for ultra high net worth entrepreneurs who have a holding company or a family office. The new offering includes financing solutions, M&A advisory, capital increases and initial public offerings as well as standard wealth management services, and will be headed by Galeazzo Pecori Giraldi.

Giraldi has been with SocGen since 2010, when he joined as deputy chairman of the French giant’s investment banking committee, a role which he will retain in addition to his new responsibilities.