Societe Generale has appointed Marc Stern as chairman of its global investment management and services for North America. Mr Stern will lead...

Societe Generale has appointed Marc Stern as chairman of its global investment management and services for North America. Mr Stern will lead the North American strategy for GIMS, which combines SG Asset Management, SG Private Banking and SG Global Securities Services for Investors, Societe Generale's custody, brokerage and transfer agent business.

"As part of his responsibilities, Mr Stern will also advise Societe Generale on its other strategic initiatives within North America," said the statement.

Mr Stern joins from the TCW group, a Los Angles-based asset manager, in which Societe Generale bought a majority stake in 2001.