Societe Generale has appointed Stefano Repetto from Barclays as its new head of European equity capital markets syndicate, according to a memo seen by Financial News. Repetto will join the French bank in London later this year, reporting to Xavier de la Tour du Pin, head of ECM for Europe, Middle East and Africa.
New Leadership for ECM Syndicate
Repetto brings over 15 years of experience in equity capital markets, having spent the last seven years at Barclays where he was most recently managing director and head of European ECM syndicate. Prior to Barclays, he worked at Credit Suisse and UBS in similar roles.
His appointment comes as Societe Generale looks to strengthen its ECM franchise in Europe, particularly in syndication. The bank has been actively building its equity capital markets team in recent months, hiring senior bankers from competitors.
Strategic Move for SocGen
Societe Generale's head of global ECM, Xavier de la Tour du Pin, said in the memo: "Stefano's deep experience and strong relationships in the ECM syndicate market will be instrumental in further developing our franchise." The bank aims to enhance its ability to execute complex equity transactions for corporate clients across Europe.
Repetto's departure from Barclays is a loss for the British bank, which has seen several senior ECM bankers leave in recent months. However, Barclays remains a top player in European ECM, ranking among the top five banks for equity issuance in the region this year.
Societe Generale has been investing in its investment banking division, particularly in equity capital markets, where it sees growth opportunities. The bank has hired several senior bankers from rivals to bolster its advisory and execution capabilities.
Repetto is expected to start his new role in the fourth quarter of 2023, subject to regulatory approvals. He will be responsible for leading the bank's ECM syndicate team in Europe, overseeing the execution of equity offerings including IPOs, rights issues, and convertible bonds.
