Société Générale has appointed Benoit Desserre as head of payments and cash management within the Global Transaction Banking (GTB) business.

He takes over the position from Alain Grugé, who has been appointed as a regional head of an SG branch in France.

Desserre reports to GTB head Christian Behaghel and is responsible for the bank’s worldwide cash management activities, which spans 55 countries.

He joined the bank in 1989, and most recently worked as head of its Paris Etoile enterprises corporate branch.