FRANCE - Alain Clot is moving into a new role and Jean-Pierre Mustier is to become the head chief executive of Société Genérale Asset Management, in a series of major changes to the group's senior management.

Mustier is currently chief executive of the recently-created SocGen Corporate and Investment Banking (SCGIB), which pulled together its separated equity and debt capital markets operations only two weeks ago to create a global capital markets business.
However a statement released by the group says he will now take over from Phillipe Collas - who also once CEO of SGAM and is to become senior adviser to CEO Frédéric Oudea - as head of Global Investment Management and Services (GIMS), as well as stepping into Clot's role to become chief executive and chairman of SGAM.

Clot is moving into another - as yet unannounced - role with SG Group, officials have confirmed, and now further changes to the SGAM team are anticipated at this time.

SGAM is just one part of the GMIS business, as the division created in 2004 brought together all the activities of asset management, private banking and securities services.

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