Paris-listed Société Générale has appointed Olivier Khayat as advisor to Jocques Ripoll, head of global investment management services.

In his new role Mr Khayat will also be in charge of supervising the activity of SocGen's brokerage on derivative products – Newedge, formed from the merger of the brokerage activities of Fimat and Calyon Financial. Also, he will be proposed for the post of director of Newedge at the next board meeting, the bank said in a statement.

Prior to the appointment, Mr Khayat, who joined the company in 2000, occupied different positions including that of head of the bank’s debt capital markets group, global head of debt capital markets, Société Générale Corporate & Investment Banking's capital rising and financing division as well as global head of the fixed income currencies and commodities division.

His earlier career includes roles with Crédit Commercial de France and Caisse des Dépôts & Consignation Marchés.

In other recent developments, last month SocGen revealed its plans to boost the assets managed by its Japanese private banking arm to ¥580-¥600 billion ($6.5-$6.7 billion) over the next year.