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April 17, 2019updated 29 Apr 2019 3:36pm

Societe Generale appoints UK head of global finance

Societe Generale Corporate and Investment Banking has confirmed the appointment of a UK head of global finance.

By Christopher Marchant

Societe Generale Corporate and Investment Banking has confirmed the appointment of a UK head of global finance.

Demetrio Salorio will replace Alvaro Huete, which Alvaro currently holds in addition to his position as deputy head of global finance.  Salorio’s appointment is effective 15 May 2019.

Within his remit at the bank’s UK global finance division, Salorio will oversee areas including asset finance, capital markets, natural resources and infrastructure.

Based in London, Salorio will report to Sadia Ricke, UK chief country officer and Alvaro Huete. According to Societe Generale Salorio’s replacement as global head of debt capital markets will be announced shortly.

In his role as UK head of global finance, Salorio will directly supervise all the global finance activities in the UK.  He will be responsible for defining and implementing the UK global finance strategy in the country.

Huete will retain his managerial responsibilities for global finance, excluding natural resources and infrastructure finance, until Salorio is confirmed in his position at global finance in the UK, which will be subject to regulatory approval. Responsibilities for natural resources and infrastructure finance  will continue to remain with Dominique Beretti, deputy global head of natural resources and infrastructure financing group.

Salorio has been global head of debt capital markets since 2010, said Societe Generale. He was promoted global co-head of debt capital markets in 2008 and was deputy head since 2007. In 2004, he was appointed head of financial origination. Salorio began his career at Societe Generale in Madrid in 1991 where he held different positions within debt capital markets and global finance activities in Spain.

Last December Societe General Equipment Finance (SGEF) made a raft of planned senior management changes in its business following change at the top.

SGEF said Giles Turner, managing director for the UK and head of Western Europe, will be leaving at the end of January 2019.  After more than 20 years’ service dedicated to helping SGEF grow into a major force in the UK and Europe, the lessor said Turner was going to pursue some long-postponed personal objectives.

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