Societe Generale Corporate & Investment Banking Strengthens U.S. Rates with Two Senior Hires
NEW YORK, June 14, 2011 /PRNewswire/ -- Societe Generale Corporate & Investment Banking has hired two key professionals to bolster its U.S. rates trading effort as the firm continues to expand its client facing fixed income businesses in the U.S.
The firm announces it has hired Alan Mittleman as Head of Global USD Rates Trading. Mr. Mittleman will be responsible for building up the firm's rates business by expanding its market making capabilities in both cash and derivatives rates products and extending electronic trading capabilities. He joins Societe Generale from Credit Suisse where he was Head of Rates Trading for both cash and swaps products. Prior to Credit Suisse, he was Head of U.S. Rates Trading at Bear Stearns.
In addition, the bank has hired Jeffry Feigenwinter to be its Head of U.S. Treasury Trading. Mr. Feigenwinter joins from Morgan Stanley where he traded on the firm's Treasury desk. Prior to this, he was the Head of the U.S. Treasury desk at BNP Paribas for several years. Mr. Feigenwinter will report to Mr. Mittleman.
Both Mr. Feigenwinter and Mr. Mittleman will be based in New York.
These key appointments come following a build-up over the last year of Societe Generale Corporate & Investment Banking's U.S. fixed income platform which included creating a U.S. dollar High Grade Credit capability, expanding its U.S. foreign exchange and rates businesses and being selected as a Primary Dealer by the Federal Reserve Bank of New York in February of 2011.
Societe Generale
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Its 157,000 employees* based in 85 countries accompany more than 33 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama
- International retail banking, with a presence in Central and Eastern Europe and Russia, in the Mediterranean basin, in Sub-Saharan Africa, in Asia and in the French Overseas Territories
- Corporate and investment banking with a global expertise in investment banking, financing and global markets.
Societe Generale is also a significant player in specialised financing and insurance, private banking, asset management and securities services.
Societe Generale is included in the international socially-responsible investment indices: FTSE4good and ASPI. www.societegenerale.com
* including employees of Societe Marseillaise de Credit acquired in September 2010 by Credit du Nord
Societe Generale Corporate & Investment Banking
At the core of Societe Generale's universal banking business model, the Corporate & Investment Bank is a well-diversified and leading player with nearly 12,000 professionals present in 33 countries across Europe, the Americas and Asia-Pacific.
Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for them by capitalising on its worldwide expertise in investment banking, global finance, and global markets.
- For Corporates, Financial Institutions and public sector: providing a global advisory approach (M&A, debt, equity transaction, capital structure, and asset & liability management), as well as quality capital raising solutions across the debt and equity spectrum, optimised financing and expert risk management responses notably in the realm of foreign exchange and rates derivatives.
- For investors: offering reliable and sound investment opportunities and risk management solutions through its integrated global markets platform delivering seamless access to markets (equity, rates, credit, currencies, commodities and derivatives), as well as advice and solid financial engineering, quality of execution and forwardlooking research across asset classes.
SOURCE Societe Generale
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