He also plans to expand the bank’s sales of standardised, liquid products, or 'flow' business. “We are dramatically expanding our services towards institutional investors and asset managers, and will soon announce the hire of a dedicated team in London,” he said.
SG said it has invested over €10 billion with hedge funds through its dedicated Lyxor Asset Management subsidiary. “London has grown into the premier location for the alternative investment industry. It is a very natural move for SG,” said Escoffier. He added that the scale of the bank’s London equity derivatives centre will grow much faster in the coming months.
“We are a recognised leader in index and stock-linked structured products, and our hedge fund servicing group is showing strong growth,” said Escoffier.