Societe Generale has hired two sales traders.
Mario Arace joined the French firm’s trading business in August. He will spearhead the firm’s expansion in American cash equity and American Depositary Receipt trading, according to the company, working with U.S. clients.
Arace joins from Citigroup, where he worked as a global equity sales trader for two years. Previously, he was a managing director of sales trading at HSBC, where he worked for six years. He also worked in equity arbitrage at J.P. Morgan for two. He reports to Sean Patrick Farrell, head of U.S. sales trading.
Sunny Duggal come on board as a sales trader on the firm’s program trading desk, SocGen said.
He joined in September from RBS, where he was a sales trader on that firm’s program trading desk. Previously, he worked at Goldman Sachs. Duggal has been involved in trading exchange-traded funds, futures, equity finance and corporate buy-backs.
He will work with clients with products traded by SocGen’s Delta One desk. Duggal reports to Jenny Chen, head of U.S. program trading.
