SGCIB makes move in China commodites finance

Societe Generale Corporate and Investment Banking (SGCIB) has signalled its growth intention in its commodities, mining and trade finance group in China, appointing Stephanie Clement de Givry to a newly created role. From the French firmÆs Shanghai offices, she takes on the role of managing director in charge of its commodities finance team in China.

In the freshly forged post she reports to Pierre Palmeri, the firmÆs head of structured commodity and mining finance in Paris.

According to SGCIB, Clement de GivryÆs appointment comes as it looks to beef up its commodities finance presence in China, which will serve to compliment its existing Singapore and Hong Kong businesses focused commodities trading companies.

Upon arrival, her team will have one employee in Beijing and two in Shanghai. These are commodities finance professionals dedicated to providing structured commodities finance, mining project finance, reserve base finance as well as trade finance services to Chinese and foreign companies in the applicable fields.

Clement de Givry transfers from SGCIBÆs Paris offices where she was a director in the metals and minerals structured commodity finance team with responsibility for CIS, Sub-Saharan Africa and Asian regions. Within the organisation, she was also been responsible for commodities financing, with a focus on the sugar and soft commodity sectors in Mexico.