Societe Generale announces the appointment of Benoit Desserre as head of Payments & Cash Management with the Global Transaction Banking division. He replaces Alain GrugÃ© who has been appointed as a regional head of Societe Generale retail bank in France. Benoit Desserre reports to Christian Behaghel, head of the Global Transaction Banking division.
In his new role, Benoit Desserre is responsible for pursuing the development of Societe Generaleâ€™s worldwide cash management activities.
The Global Transaction Banking division designs domestic and international solutions for corporates and institutional investors to improve their payment methods, monitor their accounts, manage their transactions remotely and pool their cash. With a global network across 55 countries, the Global Transaction Banking division is able to meet a wide variety of client requirements.
BenoÃ®t Desserre, 50, joined Societe Generale Group in 1989 after graduating with a DESS Masters degree in Finance and Corporate Management. In 1991, he moved to New York and afterwards to Dallas as senior relationship manager in charge of large US corporates. In 1995, he was appointed back in Paris to expand the SG International Commodity Finance Department. He then moved to Australia as head of Commodities and Trade Finance. In 2003, BenoÃ®t Desserre was appointed head of the SG Group Large Caps dedicated branch before joining GTB.