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SG Corporate & Investment Banking names new UK head

Société Générale SA unit SG Corporate & Investment Banking named Peter McGahan U.K. head of coverage and investment banking, effective Jan. 14.

McGahan, who replaces Sadia Ricke as head of coverage and investment banking, previously was global head of equities and equity derivatives sales and U.K. head of equities and equity derivatives within the global markets business, while Ricke will now focus on her responsibilities as U.K. chief country officer.

McGahan will also assume direct supervisory responsibility of Société Générale’s U.K. global transaction and payment services business. His appointment to both roles is subject to relevant regulatory approvals.