SG CIB completes execution services integration

Originally published on 22 June 2017

Societe Generale Corporate & Investment Banking (SG CIB) has announced the completion of a programme to combine its execution teams, adapting to increasing demand for fully integrated electronic and high-touch trading services across asset classes. In the final stage of this integration, the investment bank’s high-touch cash equity team has moved to join the Global Execution Services (GES) team within Societe Generale Prime Services.
Francois Banneville, Head of Global Execution Services, now oversees the expanded Global Execution Services team with Howard Sherman reporting into him as Head of High-Touch Cash Equity, Andy Willis as Head of Exchange Traded Derivatives and Richard Hills as Head of Low-Touch Cash Equity.
Through the integration of its execution activities into a single group, Societe Generale Prime Services is able to provide solutions across more than 125 global equity and multi-asset listed derivatives exchanges, offering electronic only execution, high touch only or customised hybrids of the two. The process began with the full integration of Newedge into its Prime Services business in 2015 and the group has since been focused on rationalising its Direct Market Access, Algorithmic and High Touch service channels.
Francois Banneville, Head of Global Execution Services, commented: “We recognised early on that MiFID II would change the playing field in the industry and that our clients’ requirements for execution services would evolve rapidly. It was important for us to be ahead of these changes and our integration project has resulted in a more nimble and integrated service, reflecting our clients’ need for comprehensive and easily accessible Best Execution platforms globally. We set out to create a unique execution experience amongst our peers, which is truly multi asset, multi channel and global in nature, and are very pleased to have delivered on this ambition.”