Societe Generale Securities Services (SGSS) has appointed Olivier Renault as country manager for SGSS in Luxembourg, replacing Michel Becker.

Mr Renault will report to SGSS executive management and becomes a member of the executive committee of Societe Generale Bank and Trust (SGBT), in charge of securities services.

SGSS in Luxembourg offers its clients international custody, fund administration and fund distribution services, as well as securities lending and borrowing & independent OTC valuation services.

Mr Renault has a degree from the Paris Graduate School of Economics, Statistics and Finance (ENSAE) and began his career as a consultant in the banking sector before being appointed director of financial control for a services company in France.

He joined Societe Generale Group’s human resources department in 1999 and was then appointed head of clearing at SGSS in France. In 2006, he became deputy head of SGSS in Italy where, in particular, he managed project integration and synergies with this subsidiary, which was acquired by Societe Generale that year.