SG CIB To Clear Client Trades From Paris

Societe Generale Corporate & Investment Banking (SG CIB) reinforces its global markets offering with the opening in Paris, by end-2018, of a clearing capability for clients on listed derivatives and over-the-counter products (OTC). The bank is also further strengthening Prime Services sales teams in Continental Europe.

Since 2015 , SG CIB has a solid Prime Services offer and a well-resourced team of experts servicing Continental Europe from the Paris office. By the end of the year, this offer will include the option to clear client trades directly from the Paris platform.

Benefitting from a world-leading position in clearing, SG CIB strengthens its existing multi-entity booking model by offering this new capacity in Paris, in addition to London, New-York and Hong-Kong.

The Bank also continues to reinforce its Prime Services’ sales force in Continental Europe with recruitments of senior people in the past year.
In Paris, Stéphane Eglizeau joined Prime Services team as Global Head of Sales for Professional Trading Groups. He formerly worked as ABN Amro Clearing Bank’s Chief Executive Officer for Asia-Pacific and has a solid experience in post-trade services.

In Frankfurt, Ebru Ciaravino joined Prime Services sales force in charge of German and Austrian clients after more than 15 years spent within Deutsche Boerse/Eurex Group.

Prime Services sales forces are also present in Italy (Milano), in Sweden (Stockholm), in Spain (Madrid) and in Switzerland (Geneva and Zurich).

“Societe Generale works with clients daily on listed derivatives and OTC clearing by adapting its offering to their changing needs within the current uncertain regulatory environment. Our clients benefit from our long-standing presence in Paris and the well-established team delivering best in class client service”, explains Christophe Lattuada, Global Head of Prime Services.

Frank Drouet, Global Head of Global Markets adds: “This reinforcement of the Prime Services offering is also part of the strategic plan developed by the Bank to build on its global markets top positioning in Europe.”

Within SG CIB’s global markets activities, Prime Services teams offer a multi-asset and multi-instrument Prime Brokerage proposition including execution, clearing and financing as well as a market access to 130+ markets and execution venues across the world.

Source: SG CIB

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