Societe Generale : Securities Services appoints new CEO for Italy

Societe Generale Securities Services announces the appointment of Roberto Pecora as Chief Executive Officer and Country Head of SGSS S.p.A. (SGSS in Italy).

Roberto Pecora reports to the board of directors of SGSS S.p.A and will work in alignment with David Abitbol, Chairman of the board of directors of SGSS S.p.A. and Head of Societe Generale Securities Services (SGSS) and Alessandro Gumier, Head of Global Banking and Investor Solutions in Italy. Based in Milan, his appointment is effective since 1 January 2020.

Roberto Pecora replaces Frédéric Barroyer, who was recently appointed as Head of Group Retirement and Employee Savings within Societe Generale Assurances.

'I would like to warmly thank Frédéric for his commitment and his leading role in the expansion of the Bank's securities services activities in Italy', commented David Abitbol, Chairman of the board of directors of SGSS S.p.A. and Head of SGSS. 'Roberto's long-lasting experience of market activities and deep knowledge of local financial institutions will be key assets to further develop our business in Italy, a strategic market for us, leveraging on our innovation, efficiency and technology capabilities'.

'With his extensive expertise in the Italian market, Roberto will play an important role in helping our clients to meet efficiently their market, regulatory and technological needs through a range of innovative services, as well as in promoting cross selling within the Group and in developing commercial synergies', added Alessandro Gumier, Head of Global Banking and Investor Solutions in Italy.

SGSS in Italy, a leading player in the securities services industry with over €698 billion in assets under custody (at the end of September 2019), provides post-trade services to institutional investors: custody and settlement, depositary and fund administration services, middle office, liquidity management, transfer agent and risk & performance management.