Société Générale is replacing its head of global transaction banking in Switzerland with a 19-year veteran of cash and liquidity management at the French bank.

The Paris-based bank is naming Valérie Zerlini as head of global transaction banking in Switzerland, effective August 1, it said in an emailed statement on Thursday. Zerlini replaces Bart de Boer, who is headed for the Netherlands as head of cash management after four years in Zurich.

Zerlini, who has worked for Société Générale since 2001, will be responsible for strengthening its Swiss franchise and finding local synergies and opportunities to cooperate with the bank's global banking and investor solutions activities. Currently based in Paris, Zerlini will report to Anne Marion-Bouchacourt, who oversees Socgen's Swiss activities and runs its Zurich office, and to Philippe Penichou, head of its international cash management activities.

Cash management and other corporate banking activities are potentially lucrative to foreign banks in Switzerland because of the slew of huge multinational companies like drugmakers Roche and Novartis or food giant Nestle. Socgen, which has been in Switzerland for 123 years, focuses on payments and liquidity management, international trade finance, and billing.