Mike Beales, formerly head of treasury at Westpac in London, has joined Société Générale's London branch as assistant general manager and head of treasury and capital markets. He succeeds Alain Clot, who is moving to Montreal to direct the bank's Canadian operations. According to Clot, SocGen has recently reorganized its trading operations in London to reflect moves at the parent bank worldwide. All interbank trading, including that in derivatives, now reports to Martin Badham, formerly

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