Société Générale Cross Asset Research has added to its fixed income and foreign exchange strategy team with the appointments of Mark Capleton and Valentin Marinov.

Mr Capleton has been named head of UK rates strategy and global inflation-linked strategy. He joins from Royal Bank of Scotland, where he headed European rates research.

Mr Marinov, meanwhile, has been appointed senior forex strategist, to focus primarily on foreign exchange research covering the G10 countries. He was formerly a senior forex strategist at Commerzbank.

Both appointees will report to Vincent Chaigneau, head of fixed income and Forex strategy, the firm said in a statement.

Last month  Société Générale reported that its net banking income for 2009 was €21.7 billion ($29.6 billion), a fall of 0.6 per cent from 2008. Its private banking net income fell slightly last year to €204 million a drop of 2.4 per cent from the level of 2008, the firm said today.