In Hong Kong, SG Corporate and Investment Banking (SG CIB) will bring Lincoln Chan to the firm as managing director responsible for financial institutions coverage in greater China. Chan will depart Standard and Poor's and will join the Societe Generale arm with immediate effect.

For the French firm, Chan will split his reporting duties between Michel Macagno, chief executive officer of SG CIB Asia-Pacific and De Doan Tran, global head of its financial institutions group (FIG).

At S&P Chan was managing director, credit market services and director and general manager, Hong Kong offices. He has also held positions at CSFB Hong Kong as head of syndication and at Schroders, where he was assistant director, financial markets division.

For SG, Chan brings over two decades worth of financial institutions sector experience to the newly created role.

According to SG, the hire reflects the firm's commitment to targeting selected areas for growth and reinforcement in Asia, which will particularly focus on augmenting its FI clientele.

Chan's appointment follows the firm's July announcement that Dong Young Park would head its financial institutions coverage in Korea. Once all recruitments are finalised, SG expects to have four people fully dedicated to FI coverage in Greater China, in addition to business line coverage.