Société Générale is rewarding one of its brightest marketing stars with a new job in the Golden State where he will set up a fund derivatives office. Stanislas Debreu, global head of equity derivatives sales and marketing, who is considered one of the biggest names in the business, is swapping 16-hour days and gray winters in Paris for the blue skies of Los Angeles for personal reasons, according to an official. Debreu, who is partly responsible for putting SG in the top tier of equity derivatives houses, will market guaranteed funds and alternative investment products to West Coast investors when he relocates in January. Debreu declined comment.
The move is tied to SG Asset Management's purchase last year of the Trust Company of the West, a Los Angeles based asset manager with USD80 billion under management, the official added. The French bank already has an equity derivatives operation in New York, but Debreu chose to move to California for a more family orientated life, according to market officials in London.
Bernard Desforges, head of the equity derivatives structuring team in Paris, will replace Debreu, and Denis Alexandre, coo of equity derivatives in Paris, will replace Desforges. Debreu will continue to report to Christophe Mianne, global head of equity derivatives. Mianne declined comment.