Societe Generale
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.
Berry leaves Société Générale for BarCap
David Berry is leaving his job as global head of commercial market data at French bank Société Générale for a post at Barclays Capital.
SG names new Orbeo emissions joint venture with Rhodia
Paris-based bank Société Générale (SG) has released more details of its emissions trading joint venture with the French chemicals giant Rhodia, including the new company's name - Orbeo.
SG expands equity derivatives team in Japan
Société Générale Corporate and Investment Banking (SGCIB) has hired a team of five equity derivatives traders from Daiwa Securities in Tokyo.
Société Générale launches commodity-linked notes in Hong Kong
Société Générale has launched a three-year retail commodity-linked auto-callable note in Hong Kong. The principal-protected note will be linked to the price performance of an equally weighted basket of four commodities: West Texas Intermediate crude oil,…
SG names Seyer as new chief of Lyxor
Société Générale has appointed Laurent Seyer as the new chief executive of its asset management arm Lyxor. He takes over from Eric Personne, who will join the alternative exotic trading desk in the French dealer’s corporate and investment banking…
SG expands Chinese commodities team
Societe Generale has named Stephanie Clement de Givry as its new head of commodities finance in China.
SG expands structured credit team with Morgan Stanley hire
Tony Venutolo has joined Société Générale as an executive director of the investment bank’s structured credit product group in London. He will take charge of co-ordinating marketing and product development within the structuring team.
CBRC concerned about selling Chinese banks
The China Banking Regulatory Commission (CBRC) has admitted it is concerned about the role of foreign financial firms operating in China.
SG’s Bernard Desforges to head equity derivatives in Asia
Société Générale has appointed Bernard Desforges as head of equity derivatives, Asia-Pacific.
SG names new research chief
SG has named Benoit Hubaud head of foreign exchange and interest rate strategy research, in addition to his previous responsibility as head of credit research.
SG's Raphael Blot departs
Raphael Blot, head of equity derivatives and structured products at SG Securities in Hong Kong, has left the bank.
SG names new deputy head of alternative investment sales
Société Générale Corporate and Investment Banking (SGCIB) has appointed Tom Doyle as deputy head of alternative investment sales for its equity derivatives operation.
SG expands Scandinavian team
Société Générale has recruited two equity derivatives salesmen for its Scandinavian team, based in London.
Lehman boosts structured product sales
Lehman Brothers has appointed Sophie Landry as executive director in its structured solutions group in London.
Freddie Mac appoints Anurag Saksena as first CRO
Freddie Mac, the second largest US federal mortgage agencys, has hired Anurag Saksena as its first chief enterprise risk officer.
Playing catch-up
The back office has found it difficult to keep up with front-office trading, prompting a warning by the FSA over the level of unsigned confirmations in the credit derivatives market earlier this year. Banks are now looking to improve the automation of…
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
Ixis sets up credit proprietary trading desk
Ixis corporate and investment bank has hired two former Société Générale (SG) traders to set up a credit proprietary trading desk in London.
SG boosts European rates sales
Société Générale has hired Jan de Bondt and Ian Morgan in rates sales as the bank looks to expand its European footprint in the rates business.
Goldman poaches Asian warrants specialist from SG
Cheril Lee has quit Société Générale in Hong Kong to head Goldman Sachs’ warrants business for Asia ex-Japan.
RBS beefs up equity derivatives distribution
The Royal Bank of Scotland has raided its rivals’ sales desks by hiring three directors in equity derivative sales to cover Germany, Italy and Scandinavia. The move signals the Edinburgh-headquartered bank’s intent on improving its distribution…
A place on the grid
A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson
SG boosts German equity derivatives sales
Société Générale has hired Michael Gypkins, Björn Seifert and Heiko Schömbs as senior equity derivatives salesmen in Frankfurt. The three had worked for Citigroup in similar positions and will start in their new roles on April 1.