Societe Generale opens clearing capability in Paris
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Societe Generale opens clearing capability in Paris 11 December 2018Paris Reporter: Jenna Lomax
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Societe Generale Corporate & Investment Banking has opened a new clearing capability in Paris, for clients on listed derivatives and over-the-counter (OTC) products.
The bank is also further strengthening the prime services sales teams in Continental Europe.
By the end of the year, this offering will include the option to clear client trades directly from the Paris platform.
According to Societe Generale, this new opening will strengthen its existing multi-entity booking model in Paris, in addition to London, New-York and Hong-Kong.
Societe Generale said it will continue to reinforce its prime services’ sales force in Continental Europe with recruitments of senior people over 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 CEO for Asia-Pacific.
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 (Milan), in Sweden (Stockholm), in Spain (Madrid) and in Switzerland (Geneva and Zurich).
Christophe Lattuada, global head of prime services at Societe Generale Corporate & Investment Banking, said: “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.”
Frank Drouet, global head of global markets at Societe Generale Corporate & Investment Banking, commented: “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.”
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