SG appoints head of European cash CDOs

French investment bank SG, which is part of Société Générale, has appointed Teimuraz Barbakadze from Merrill Lynch as its head of European cash collateralised debt obligations (CDOs).

Prior to his time at Merrill Lynch, he worked for Deutsche Bank as a director within its global markets European securitisation group. Barbakadze is a Georgian national who began his career as a structured finance analyst with rating agency Moody’s Investors Service. He will be based in London, reporting to Bertrand Fitoussi, head of the structured credit group.

“On the cash CDO side demand from investors is strong, and we expect to see substantial offers on asset-backed securities and leveraged loan CDO products in the next three years,” said Fitoussi.