Societe Generale
SG appoints new hedge fund head
David Escoffier has replaced Dan Fields as head of Société Générale's hedge fund group.
SGAM seizes opportunity from subprime turmoil
Société Générale Asset Management (SGAM) has become the latest fund manager to set up a strategy aimed at reaping the benefits of valuation discrepancies caused by the fallout from the US subprime mortgage market.
Wachovia hires SocGen equity derivatives banker
Michael Collins has joined Wachovia Securities as head of its corporate equity derivatives origination team.
SocGen creates new regional e-commerce role
Société Générale has added to its fixed-income, currencies and commodities e-commerce team, hiring a new regional head.
SG CIB appoints global head of export finance
Société Générale Corporate and Investment Banking (SG CIB) has appointed Denis Stas de Richelle as global head of export finance. He has replaced Frédéric Genet, who has become senior banker within the corporates, institutions and advisory division.
SocGen and Calyon agree to merge derivatives brokerages
Société Générale and Calyon have signed an agreement to merge their futures and options brokerages, Fimat and Calyon Financial.
SG CIB creates integrated swap group
Société Générale Corporate and Investment Banking (SG CIB) has created an integrated swap group to extend its franchise in the flow rates business in Europe.
SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
SG CIB launches timer options
Société Générale Corporate and Investment Banking (SG CIB) has developed a new type of option that allows buyers to specify the level of volatility used to price the instrument. Timer calls are designed to give investors more flexibility and ensure they…
LiquidityHub expecting launch in Q3
London-based electronic trading consortium LiquidityHub plans to start distributing the liquidity of 15 banks in interest rate swaps by the third quarter of this year.
Trading platforms strike deal with LiquidityHub
LiquidityHub, the London-based electronic trading consortium, has signed agreements to distribute its liquidity in the interest rate swap and US Treasury bond markets across the Reuters and Bloomberg trading platforms.
Exchange-traded credit derivatives disappoint
The world’s first exchange-traded credit derivatives, which were listed by Frankfurt-based Eurex on March 27, have posted lacklustre trading volumes, with only one major dealer making markets in them.
Lehman and Pioneer complete managed CPDO
Lehman Brothers, with Dublin-based asset manager Pioneer Investments, has closed its first managed constant proportion debt obligation (CPDO), called Ulisse Capital.
SocGen launches first insurance CDO
French investment bank Société Générale this week launched the first synthetic collateralised debt obligation (CDO) of insurance and reinsurance companies.
Isda welcomes outcome of SG appeal
The International Swaps and Derivatives Association has publicly welcomed a decision by the US Second Circuit Court of Appeals, overturning a ruling that forced Société Générale to pay out on a contentious credit default swap (CDS) contract.
SG marketing CPDO
Société Générale Corporate and Investment Banking (SG CIB) is marketing its first constant proportion debt obligation (CPDO). The deal, called Stelaris, will feature a short bucket.
SocGen reorganises capital raising and financing
Société Générale has reorganised its equity and debt operations to create a single capital-raising and financing division.
SG and Calyon announce brokerage merger intentions
Paris-based banks Calyon and Société Générale confirmed they plan to merge their futures and options brokering subsidiaries, Calyon Financial and Fimat.
SG partners with Kookmin Bank on commodity derivatives business
French bank Société Générale (SG) and South Korea’s Kookmin Bank have entered into a partnership to expand the commodity derivatives market in Korea.
BNP Paribas hires regional head of structured product sales
Stéphane Goursat has been named head of structured products sales at BNP Paribas for the UK, Ireland and South Africa.
Lloyds TSB appoints head of debt origination
Lloyds TSB Corporate Markets has appointed Farouk Ramzan to the new role of head of debt origination.
SocGen launching tradeable CDS index
Société Générale is launching a tradeable credit derivatives index, dubbed Credindex. The new index aims to simplify the process of investing in credit derivatives, to appeal to retail clients who are underinvested in the asset class.