Mickael Le Gargasson, Societe Generale’s director of acquisition and leveraged finance for the Asia Pacific region has left the firm, according to reports.
Bank representatives were not immediately available for comment.
Gargasson was appointed to SocGen’s acquisition and leveraged finance group in 2009 along with Vincent Lebrun. He joined the firm in 2005 and initially served as a director with its asset-based and infrastructure finance group.
The French bank said in September that it would cut businesses, including leveraged finance, among other businesses where it saw limited growth opportunity. It also said that it would seek to cut its corporate and investment banking groups.
It’s not the only European banks scaling back its credit efforts. Credit Agricole‘s London leveraged finance desk put a freeze on lending until the new year. And Natixis also disclosed that it is being more discerning about providing long-term financing.
In September, the SocGen promoted Ignacio Blasco to head of leveraged capital markets within the EMEA loan syndicate group. He was previously head of leveraged finance for Spain and Portugal.
