SG Securities has hired five analysts for its banks and chemicals research teams - days after the bank topped the Thomson Extel analyst survey for France.

Leonardo Rubattu has returned to SG from Fox-Pitt Kelton, the banks and insurance investment banking boutique, to head its banks team. Rubattu had been at Fox-Pitt Kelton for less than two years, after joining from Bear Stearns in October 2002. He has also worked at Morgan Stanley and SG since he became an analyst eight years ago.