Société Générale Swaps Swiss and Chinese CEOs

Société Générale announced a number of internal executive moves this Tuesday. According to a statement released by the French financial services firm, the changes will affect the company’s Swiss and Chinese offices.

Diversity lovers will be happy to hear that Anne Marion-Bouchacourt has been appointed Group Country Head for Switzerland and Chief Executive Officer (CEO) of SG Zurich. The latter firm operates Société Générale’s investment banking, asset management, securities services, and global transactions and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term divisions.

Marion-Bouchacourt will be replacing Hugues de La Marnierre who has been in the position since 2013. As with La Marnierre, she will report to the aptly named Thierry d’Argent, Société Générale’s Head of Coverage and Investment Banking.

According to the company’s statement, Marion-Bouchacourt will aim to grow Societe Generale’s business in Switzerland and work on improving internal synergies in order to grow the company’s client franchise.

Société Générale China

In China, Pierre-Yves Bonnet has been appointed Group Country Head. He replaces the aforementioned Marion-Bouchacourt who had been in that role since July of 2012.

As a result of his change in roles, Bonnet will become the chair of the Board of Directors of Société Générale China and oversee the firm’s activities in the East Asian country. Based in Beijing, he will report to Hikaru Ogata - Societe Generale’s CEO for the Asia-Pacific region.

Joining Bonnet in the land of Mao and Jackie Chan is La Marnierre, who has been appointed as Chief Executive Officer of Société Générale China. Once he arrives in Beijing, La Marnierre will have to report to Bonnet.

According to Société Générale, La Marnierre will focus on the management and development of the corporate and investment banking activities of Société Générale in China. He will also work to boost the firm’s wholesale franchise in the country and “accompany Chinese clients in their international development.”