Société Générale Plans FX Expansion As New Dealing Room Opens In Singapore

BANKS

Société Générale is planning to double its treasury trading staff in Singapore to 60 next year and is also considering establishing a fund management unit, according to senior executive vice president, capital markets, Patrick Duverger.

Earlier this year SocGen announced plans to centralise its Asian foreign exchange operations in Singapore as part of an overall move towards a product-line organisation on the bank's capital markets side (FX Week, May 9)

Duverger was in Singapore last month