Marc Litzler, who was co-head of investment banking at SG Securities two years ago, has become head of global capital markets and brokerage at Calyon, the investment banking arm of Crédit Agricole. It is the second senior management reshuffle in six months.

Litzler, who has worked at Exane BNP Paribas and opened an art gallery in Paris since leaving SG, will also be deputy chief executive.