Société Générale in London has made its first hires in European high yield since it announced in September plans to make a push in European high yield. Both new hires are from BNP Paribas in London: Tanneguy de Carne, managing director and deputy head of European high-yield capital markets, joins as head of high-yield capital markets, and Thibault de Kerizouet, who has worked with de Carne at BNP for the past three years, joins SocGen as v.p. in high-yield capital markets.
The duo starts in July and will report to Neil Parekh, global head of high yield in New York, and Ian Fisher, global head of debt syndicate in Paris. De Carne, reached on his cellphone, declined comment, and de Kerizouet is on gardening leave and could not be reached. Parekh and Fisher did not return calls by press time.
When it announced plans to make a push into European high yield, SocGen said it planned to build a team of 10 professionals across banking, sales, trading and research and expected to be in a position to compete for mandates in the first quarter of this year.
At BNP Paribas, de Carne reported to Youssef Khlat, European head of high-yield capital markets, who declined comment. De Carne spent 17 years at BNP Paribas and in 2000 set up the European high-yield team in London together with John Ong, who is now global head of high-yield capital markets in New York.