SOCIETE GENERALE 2014-2015 I 27 CLIENT-FOCUSED NEWEDGE ADAPTING AND TRANSFORMING TO BE EVER CLOSER TO CLIENT NEEDS In 2014, the Group finalised its acquisition of all remaining shares in Newedge, a global leader in derivatives brokerage, which until then had been a subsidiary jointly owned with Crédit Agricole. This acquisition allows Societe Generale to combine the strengths of a top-tier international bank with those of a world-class derivatives broker. As such, clients will benefit from a comprehensive and fully integrated range of trading products and services across all asset classes, a first-class research department and a range of tailored investment and hedging solutions. Furthermore, the offer now includes a leading range of cash and derivatives execution services in more than 85 markets around the world, as well as clearing and Prime Brokerage services. “The finalisation of the acquisition of Newedge is a major strategic initiative that allows us to position ourselves as a key player in the rapidly growing sector of post-trade services for investors,” said Christophe Mianné, Deputy Head of Societe Generale Global Banking and Investor Solutions. “We can offer our clients the best of both institutions while strengthening our international presence.” This consolidation addresses new realities in a sector faced with significant regulatory changes, the increasing automation of trading activities and the development of downstream investor services. Since the start of 2015, Newedge teams have gradually begun working in the same office locations as Societe Generale’s trading businesses, whether in Paris, London, New York or various locations across Asia. “We are now able to offer a very wide range of services and solutions to our clients,” said Jonathan Whitehead, Global Head of Commodities Markets, one of the first activities to combine its teams with those of Newedge. “A large number of clients have already transferred their clearing relationships to us.” www.sgcib.com “WE ARE NOW ABLE TO OFFER A VERY WIDE RANGE OF SERVICES AND SOLUTIONS TO OUR CLIENTS” Jonathan Whitehead, Global Head of Commodities Markets, Societe Generale
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