SocGen expands prime services in Japan 05 August 2016Tokyo Reporter: Stephanie Palmer
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Societe Generale has named Ramir Cimafranca as head of prime services for Japan, effective immediately.
Cimafranca will be responsible for developing and improving prime services in Japan, including the prime brokerage and clearing, global execution services, and cross-asset secured financing businesses.
Based in Tokyo, he will report on a local basis to Koji Shimamoto, director and executive vice president of Societe Generale Securities Japan. Regionally, Cimafranca will report to James Shekerdemian, head of prime services for the Asia Pacific region, and global head of prime brokerage sales.
Cimafranca has been with Societe Generale since 1990, holding roles including head of listed derivatives and head of institutional sales for Newedge in Hong Kong.
His appointment follows Societe Generale’s acquisition of Newedge in Japan, which finally completed in May. According to Societe Generale, it is also part of a wider strategy to offer a ‘one stop’ solution to clients in Japan.
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