Societe Generale (SG) announced that Kleinwort Hambros has promoted a new chief executive to its Channel Islands division as the previous head steps down. Former deputy CEO Christophe Huchet will take on the role with immediate effect following predecessor Mike Allen's decision to hand over after eight years in charge. Huchet, who will be based in Jersey, became deputy last January, and has 16 years of experience within Societe Generale. He was previously the company's regional head of tax in Zurich having earlier served as chief operating officer of SG's Milan branch, as well as group head of tax in Italy and Switzerland. He will now be responsible for developing business strategy, providing banking, investment and wealth management solutions to domestic and international clients and financial intermediaries.