Société Générale  has announced that Didier Valet will succeed Michel Péretié as head of its investment banking division and that it plans to eliminate a number of New York jobs.  Péretié  is leaving the French bank to pursue other opportunities.  The job cuts are more fallout from the financial crisis and a changing global regulatory environment that have put pressure on its businesses there, according to a person with direct knowledge of the plans who was not authorized to speak publically.

The announcement comes after Société Générale said in November that its third-quarter net profit had fallen by nearly a third, weighed down by write-downs on its holding of Greek sovereign debt. The bank said profit in the three months ended Sept. 30 fell 31 percent, to 622 million euros ($856 million) from the period a year earlier.

  Two other appointments also were announced. Christophe Mianné will become deputy chief executive of the division, while Bertrand Badré has been appointed its chief financial officer. The changes will take effect in January.  [Dealbook 12/21/11]