The banker who led a sweeping reorganisation of the fixed income, currencies and commodities business at Société Générale's corporate and investment bank in the wake of the alleged Jérôme Kerviel fraud scandal, has handed oversight of the unit to his equities counterpart as part of a string of changes at the French bank.

SG Corporate & Investment Banking said in a statement today, alongside its full-year results, that Olivier Khayat, a long-standing executive at the French bank will switch to a new role within the group, after completing his task of reorganising the FICC business. He was installed as head of FICC in January last year following the Kerviel scandal.