SG names treasury, fixed income and derivatives head

Varenne, who previously managed fixed income and derivatives, joined the bank in 1988 as a currency options trader, working from both Tokyo and Paris. In 1992 he moved to cover equity derivatives, managing the Asian team from 1997. From early 2000 he became global head of interest rate products, with responsibility for both sales and trading of interest rates, credit, cash and derivatives products.

The promotion means Varenne becomes a member of SG’s management committee within the debt finance division, headed by Marc Breillout.

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