SG Corporate and Investment Banking (SG CIB) has appointed Michel Bine as managing director of its treasury activities in Asia, Japan and Australia. In the new Singapore-based position, Bine replaces Lars Hakanson who is relocating to the firm's London operations.

Bine has been at SG CIB family since 1995 and will now be responsible for the continual development of the treasury and Asian interest rate trading activities. His reporting duties will be split between the London-based Vincent Cazala, global head of treasury and locally to Francis Repka, deputy head debt-finance Asia, who is based in Hong Kong.

His Singapore posting follows a long line of international experience that has included positions in New York, Germany, Italy and France. Throughout these numerous postings, Bine has headed various treasury platforms in fixed income, credit, interest rate, currency derivatives.In his US role for SG CIB, he also worked in the market risk department.

Commenting on the appointment, Cazala states, "I'm confident that Bine's knowledge and experience will allow us to establish more business partnerships and at the same time, strenghten existing relationships with our valuable clients."