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People Moves
SG names Apac equity & EQD heads Jean-Francois Mastrangelo and Eric Jungers have been named co-heads of equities & equity derivatives (EQD) for Apac at Société Générale. The new co-heads replace Timothée Bousser who is exiting the French bank after 17 years in charge of the Apac business. Effective from 1 July, the pair will report to Jérome Niddam, Apac head of global markets, with a functional reporting line to Alexandre Fleury, global co-head of global markets, alongside Sylvain Cartier. Jungers (above) will continue to be based in Hong Kong SAR while Mastrangelo will be relocating to the Asian city from Paris. Mastrangelo was promoted to global head of structuring for products & solutions (SPS) in 2020 along with a group of senior appointments including Julien Lascar, global head of equities & equity derivative sales. ‘This co-leadership structure reinforces the bank’s commitment to offering a best-in-class service for its regional and global clients, who remain the center of the business,’ said a spokesperson at the bank.
Mastrangelo joined the French bank in 2006 as a stock derivatives pricer within the global equities and derivatives solutions department. From 2009 to 2011, he was head of equity pricing for institutionals. After that, he became head of crossassets pricing for institutional for Europe, Middle East and Africa (Emea) before taking the role of head of pricing and development for cross-asset solutions for Europe. Jungers joined SG in Paris in 2001 before moving to Tokyo in 2004. He developed quantitative long-short equity models and high frequency automatons before 2008 and began to lead the desk of index replication between Tokyo and Hong Kong SAR as a managing director in 2015. Following a stint of less than one year at Deutsche Bank, Jungers in 2017 rejoined the French bank as head of securities financing and delta one for Apac, where he was head of synthetic trading for the region. In 2019, he was appointed as Apac head of linear trading and prime services. In addition, Bousser, ex-Apac head of equities and equity derivatives, has ‘decided to pursue new interests outside of the bank’. He joined from BNP Paribas in 2005. His licence with SG has not yet been terminated, according to Hong Kong's Securities and Futures Commission (SFC). SG didn’t disclose the replacements for the positions left vacant by Mastrangelo and Jungers.
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