James Masserio has joined Societe Generale Corporate and Investment Banking (SG CIB) as head of trading for derivatives activities for the Americas.
Masserio will be based in New York and reports to Hatem Mustapha (pictured), head of equities and derivatives for the Americas. Masserio joins the French bank from Cooperative Management Group where he was an investor since mid-June 2016.
Prior to that Masserio had been at Credit Suisse since 2000 and held a number of roles including head of equity derivatives trading, Americas, and co-head of US equity derivatives trading in New York, alongside Robert Sowler. They both replaced Dennis Davitt, a former US head of equity derivatives trading at Credit Suisse, who joined Macquarie Securities to build out the Australian bank's equity derivatives desk in New York.
In 2015, Masserio was replaced by Dan McNeil who joined Credit Suisse in New York as head of equity derivatives trading for the Americas. McNeil joined Deutsche Bank last week as a managing director in equity derivatives and has been charged with revamping the German bank's activities in the Americas. McNeill reports to Mark Chen, who was appointed co-head of equity derivatives for the Americas last week, and fellow co-head, David Silber, who joined the German bank from Citi, in 2017.
Masserio started his career in 2000 as a trader at CooperNeff, a hedge fund administrator owned by BNP Paribas Financial Services. Masserio's appointment follows the departure of Vincent Vernet who joined Credit Agricole in New York as a director in cross assets solutions and secured funding. Vernet was a director and structurer in cross assets solutions engineering for over six years at Societe Generale. During this time, Vernet was responsible for structured notes distribution, structured finacing solutions, systematic index strategies and credit swaption/tranche strategy.
SG CIB rejigged in December 2017 its global markets division following the departure in September of its head of sales Marc El Asmar and appointed Yann Garnier, formerly head of global markets, Asia Pacific, in Hong Kong, as head of sales for global markets, effective from January 1, 2018. Garnier reports to Frank Drouet, head of global markets.
The French bank also appointed Jerome Niddam as head of global markets for Asia Pacific replacing Garnier. Niddam reports to Hikaru Ogata, chief executive officer for Societe Generale in Asia Pacific, and to Drouet.
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