Cavaglione, who is due to start next month, will be based in Paris, and will report to Eric Popelin, head of European Corporate FX sales. In this year’s FX survey, HSBC leapt two places to second in terms of its share of the French corporate market, registering a 11.7% share, up from 8.8% in 2010. Société Générale continued to maintain its leading market share of its home market, with 24%.