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SGSS creates new business solutions team
31 January 2017
Ex-State Street VP Matthew Davey will lead the division.
Societe Generale's custody unit has set up
a new business solutions team, with 15 people already in eight
locations in Europe and more hires to follow.
Ex-State Street vice president Matthew
Davey has been appointed as managing director and head of
business solutions, effective immediately.
The newly created team reflects the
bank’s aim to reinforce its service offering for
institutional investors, asset managers, financial
intermediaries and corporates, SGSS said in a statement.
With the 15 new hires reporting to him,
Davey is in the process of hiring "a few more". SGSS declined
to reveal any specifics for the time being.
In his newly created role, Davey will be
based in Paris and will report to Christophe Baurand, global
head of coverage, market and solutions.
Davey will be responsible for expanding
SGSS’ service offering across all market, product
and client segments.
He will work closely with the global
product engineering team to promote business solutions to
clients, which support their organisational models and the
changing regulatory framework.
Davey was at State Street until April
2016, where he served as senior vice president and head of
asset manager client management group (UKMEA) for over a
He previously spent 11 years at State
Street from 1996 to 2007, where he held various management
roles, including vice president for investor services EMEA.
In between his time at State Street, Davey
was an executive director at JP Morgan (2007-2011) and a
director for HSBC Securities Services (Europe) from 2011 until