Fimat International Banque, one of the largest futures brokers, announced the appointment of Brian Kaye as chairman and chief executive of the Fimat Group.

Mr. Kaye will success Alain Closier, who has been promoted to executive vice president of the banking services division, a senior management position at the parent Societe Generale, Paris. Mr. Kaye's appointment will be effective Jan. 1.

Marc Breillout, currently managing director of Fimat International Banque, will become vice chairman and chief operating officer of the Fimat Group, reporting to Mr. Kaye.

Mr. Kaye has more than 24 years experience in the finanical futures industry, 19 of which have been spent at Societe Generale. Currently, he is the director and chairman of Fimat Futures USA, the futures brokerage and clearing division of Societe Generale.

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