Major restructure at Societe Generale is part of the bank’s plans to reduce costs by €500 million.
Tag: Societe Generale
James Masserio and Salim Nemouchi will replace Hatem Mustapha as co-heads of equities and equity derivatives for the Americas region.
Former Societe Generale head of sales and relationship management appointed to lead equities business.
After announcing major €500 million cost reductions plans, Societe Generale has said that 1,600 jobs could be cut globally.
Antoine Broquereau will lead trading activity for Societe Generale in the UK as the bank continues with plans to cut costs across the business globally.
Eurex now has 28 participants signed up to the repo partnership programme including JP Morgan, Deutsche Bank and Morgan Stanley.
Jean-François Grégoire has been named head of global markets as Societe Generale looks to drastically reduce costs in 2020.
As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
Investment bank to automate reconciliation processes across all business areas through new reconciliation and data control systems.
Societe Generale has said the investigation related to US dollar transactions it processed with countries that are subject to US sanctions.