Karim Hajjaji has been named chief operating officer of GIMS, the private banking, asset management and securities services division of Societe Generale Group. He reports to Jacques Ripoll and joins the executive management of GIMS.
Karim Hajjaji has been appointed Chief Operating Officer of GIMS, the division of Societe Generale Group which comprises Private Banking, Asset Management and Securities Services. He joins the executive management of GIMS.
Karim Hajjaji retains his functions as Chief Financial Officer of GIMS. Reporting to Jacques Ripoll, he is a member of the GIMS Executive Committee.
Karim Hajjaji began his career in 1986 as a quantitative research analyst for market activities at GRO/Credit Lyonnais, before becoming a consultant in strategy and organisation at Braxton Consulting in 1988. He then headed the Financial Control Department of Dresdner France, following a period as Deputy Head of Audit for market activities, asset management and insurance.
Karim Hajjaji joined Societe Generale Group in 1999 as Head of Financial Control at the Corporate & Investment Bank. From 2005 to 2009, he was CFO of SG Americas, where he supervised Societe Generale’s financial activities in the United-States, Canada, Brazil and Latin America. In July 2009, he was appointed CFO of the GIMS division (Private Banking, Asset Management and Securities Services) at Societe Generale and became a member of the GIMS Executive Committee, reporting to Jacques Ripoll, Head of GIMS.
Karim Hajjaji is a graduate of the Paris Graduate School of Economics, Statistics and Finance (ENSAE).
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Its 157,000 employees* based in 85 countries accompany more than 33 million clients throughout the world on a daily basis. Societe Generale’ teams offer advice and services to individual, corporate and institutional customers in three core businesses:
␣ Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama ␣International retail banking, with a presence in Central and Eastern Europe and Russia, in the
Mediterranean basin, in Sub- Saharan Africa, in Asia and in the French Overseas Territories ␣Corporate and investment banking with a global expertise in investment banking, financing and global
markets. Societe Generale is also a significant player in specialised financing and insurance, private banking, asset management and securities services. Societe Generale is included in the international socially-responsible investment indices: FTSE4good and ASPI. www.societegenerale.com
* including employees of Societe Marseillaise de Credit acquired in September 2010 by Credit du Nord
Private Banking, Asset Management and Services for investors (GIMS)
The GIMS division brings together 4 fields of expertise dedicated to serve its investors clients: ␣ ThePrivateBankingbusinesswithSocieteGeneralePrivateBankingwhichstandsamongtheleadersin
Wealth Management and manages 84,7 bn EUR* for High Net Worth Individuals ␣ TheAssetManagementbusinessthroughtwomajorsplayersintheirmarkets:
– Amundi (25% of the company held by Societe Generale and 75% by Credit Agricole S.A.), a major player in Europe with 658,6 bn EUR in assets under management at end 2011 – Trust Company of the West (TCW), a 80% subsidiary which is a state-of-the-art player on the US market with 91 bn EUR* under management
␣ The Securities Services business with Societe Generale Securities Services, which ranks 7th of the World custodians and 2nd of the Europeans with 3,327 bn EUR* of assets under custody. The business line provides custody & trustee services for 3,321 funds* and the valuation of 4,301 funds*, representing assets under administration of 413* bn EUR.
␣ The Multi-asset Brokerage business with Newedge, a 50/50 joint-venture between Credit Agricole Corporate & Investment Bank and Societe Generale, which became the n°1 of the Futures Commission Merchants in the US.
* figures at end December 2011