Société Générale corporate and investment banking has recruited the head of its new restructuring finance business in the US from GE Capital, the latest financial services firm to boost restructuring ahead of an expected rush of mandates from distressed companies.

Neil Goulden was hired as a managing director and head of restructuring finance, a new position with the French bank. Goulden will be based in Société Générale's Chicago office. He previously was the senior vice president of private equity firm GE Capital's national restructuring group.