Société Générale Corporate and Investment Banking (SG CIB) has appointed Kevin Price as managing director, head of reserve-based finance. In this newly created position he will be responsible for all the bank’s reserve-based financing activities outside of North America.

The reserve-based finance team includes a number of experienced senior bankers and petroleum engineers dedicated to providing reserve-based financing and advisory services to oil and gas companies globally. The team builds on SG’s position as a leading energy bank providing market leading commodity finance, project finance and advisory services to the oil and gas sector.

Price joins the bank following 20 years in the oil and gas and finance industries, most recently as a director in upstream oil and gas at Bank of Scotland, where he was responsible for arranging and structuring a number of innovative borrowing bases and oilfield development financings.

He started his career as a geologist, spending 12 years working in the oil industry before moving into reserve-based lending and oilfield development finance in 1997. He spent six years at BZW/Barclays Capital, initially as a technical adviser and then as a banker specialising in reserve-based finance.

Price will report to Robin Baker, head of oil and gas project finance and Pierre Palmieri, head of mining and structured commodities finance.