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Newedge reorganises into four global divisions

12 March 2010

Newedge, the derivatives broker owned by Société Générale and Crédit Agricole, announced a reorganisation of its business yesterday at the annual Futures Industry Association conference in Boca Raton, Florida.

Read more: [Newedge] [Société Générale] [Crédit Agricole] [Nicolas Breteau] [John Ruskin] [Pierre Gay] [Philippe Teilhard de Chardin] [Chris Topple] [Patrice Blanc]

The company will now consist of four main global business lines – a structure that it believes will better reflect “the new global market environment” and enable it to respond more efficiently to clients’ needs, so that they receive a superior service.

Nicolas Breteau, global head of sales and front office at Newedge in London, told FOW in Boca Raton that one of the reasons for moving away from regional organisation was that many of the brokerage’s clients were global. “Most clients trade across regions — we need to be consistent in terms of product offering,” he said.

The global structure...