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Societe Generale Reinforces its Client Coverage and Global Markets Footprint in the Middle East

02/04/2018

Societe Generale is pursuing its growth strategy in the Middle East by creating new positions in the region.

Societe Generale is pursuing its growth strategy in the Middle East with the further development of dedicated teams in the region. By creating four new positions in its Dubai hub, Societe Generale aims to reinforce its capacity to serve the evolving needs of its clients in the region.

The newly created roles cover the sovereign client base, family offices, and global markets sales dedicated to both Financial Institutions and corporates, hence improving the Group’s ability to locally serve the specific needs of its clients by developing bespoke solutions as well as leveraging more on its global expertise.

Richad Soundardjee, Chief Executive Officer, Societe Generale Middle East, said: “Lower oil prices are triggering unprecedented and long-term transformations in the region, shifting the emphasis towards advisory and innovation for all our client segments as governments embark on efficiency drives and the private sector takes on a more prominent role. The financial services industry has a key role to play in this new environment. Societe Generale is expanding its Middle East platform and teams to bring its clients advice and solutions tailored to their evolving business models.”

The appointments are as follows:

• Amine Jaoui, Head of Public Sector Coverage.

Amine will focus on sovereign clients and public authorities across the Middle East and in Egypt. This role comes in the wake of the establishment of a new global coverage team dedicated to public sector clients, strengthening the bank’s coverage of governments, central banks, sovereign funds, development banks, regional public authorities and multinational entities.

• Damien Pierron, Head of Family Offices and Holdings’ Coverage. Damien will provide investment banking services to a selected group of Family offices, Holdings and their subsidiaries, historically a driving force Gulf Cooperation Council (GCC) countries. By creating this new role, Societe Generale aims to enhance its strategic advisory dialogue and services for this client segment in the region. Damien will also be in charge of the coverage of family offices in Russia, where Societe Generale owns Rosbank, the third largest non-public bank of the country, therefore also exploiting that corridor with the Middle East.

• Rishmein Vallimamode, Corporate Derivatives Sales Specialist. Rishmein will focus on corporate clients in the region, building a corporate desk in customised FX and rates products and solutions.

• Wassim Kesrouani, Fixed Income and Currencies Sales Specialist. Wassim will focus on developing the foreign exchange (FX) business with financial institutions in the Middle East, while also working closely with allGlobal Markets teams to strengthen cross selling.

Amine, Damien, Rishmen and Wassim report regionally to Richad Soundardjee, Chief Executive Officer, Societe Generale Middle East and functionally to respective business global heads.

Biographies

Amine Jaoui

Amine Jaoui has been Head of Public Sector Coverage for the Middle East since September 2017. Previously, he was Head of Business Development, a role he will continue to play. Prior to joining Societe Generale in 2015, Amine spent a year as a Fellow at Harvard University’s Weatherhead Center for International Affairs, where he lectured on and researched the recent economic evolutions in the Middle East, with a focus on Gulf countries.

Previously, Amine served as Advisor for Policy and Strategy at the Office of the Prime Minister of the United Arab Emirates. He began his career as a consultant with McKinsey and Co., in Geneva and Dubai. Amine holds degrees from HEC (Paris), Science-Po (Paris), Sorbonne University, the London School of Economics and Harvard University.

Damien Pierron

Damien Pierron has been Head of Family Offices and Holdings’ Coverage for Middle East since February. He was previously in charge of the family offices private banking platform at Societe Generale in Geneva, a position he held since 2014.

Damien has fifteen years' experience in M&A, private equity, equity derivatives, wealth management and investment banking gained at, among others, Lafarge Holcim, OC&C Strategy Consultants and Natixis. Damien is a Chartered Financial Analyst and holds a Degree in Mathematics, Physics and Engineering from Ecole Polytechique in Paris and a Master’s Degree in Quantitative Innovation from Ecole Nationale Superieure des Mines de Paris.

Rishmein Vallimamode

Rishmein begins his role as Corporate Derivatives Sales Specialist this month. He joins the Middle East office from the FX team in London, where he developed the FX sales activity for Central Banks, Sovereign Wealth Funds, and multinational entities, and coordinated a portfolio of sovereign counterparties globally.

Rishmein began his career at Societe Generale Corporate and Investment Banking more than 25 years ago, as an FX Options analyst in Paris. He studied in Ireland and holds qualifications in Applied Marketing and International Trade.

Wassim Kesrouani

Wassim joined Societe Generale in January as Fixed Income and Currencies Sales specialist. He previously worked at Barclays Investment Bank in London, where he was a part of the EMEA Macro Sales team covering MENA financial and sovereign institutions.

Throughout his career, Wassim has built strong client relationships across seniorities, through coverage intensity, investment idea generation, content, and risk mitigation. Wassim completed his MSc in Finance and his BSc in Mathematics from Imperial College, London.