Société Générale has hired the head of Standard Chartered’s Chinese fixed-income sales business less than 18 months after he joined the UK bank from defunct US firm Bear Stearns.

Yang Duan, head of fixed income sales for China at Standard Chartered, has joined Société Générale to run its Chinese corporate and investment banking business, replacing Gilbert Tse, who was recently made head of the French bank's Lyxor Asset Management arm in the country.