Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

France's SocGen hiring for Brexit 'execution and delivery' team

Published 08/02/2018, 13:08
Updated 08/02/2018, 13:10
© Reuters. A logo of French bank Societe Generale is pictured on a building in Geneva
SOGN
-

PARIS (Reuters) - France's Societe Generale (PA:SOGN) showed how banks are pushing ahead with Brexit contingency plans this week by advertising for someone to join the team reshaping its investment banking.

SocGen said in a job posting published on its careers website on Feb. 7, it was looking for "a member of a project team dedicated to the Brexit operational delivery execution stream".

The London-based business analyst would be in charge of running a detailed implementation roadmap with a specific mission "Brexit execution and delivery phase".

SocGen has said that it plans to transfer or create 300 jobs in Paris as a result of Brexit, while it has 2,000 investment banking (CIB) staff in London.

Conciliatory signals from Prime Minister Theresa May and progress in talks with Michel Barnier, the European Commissioner's chief negotiator, have prompted some banks to delay large staff moves, at least for now.

However, preparing the groundwork continues and the SocGen role is advertised on a initial 6 to 12 month fixed contract.

It is part of Corporate and Investment Banking's operations department that handles middle and back office functions, such as clearing, collateral, execution of trades, for all CIB business lines.

© Reuters. A logo of French bank Societe Generale is pictured on a building in Geneva

SocGen declined to comment on Thursday on how big its Brexit team is, but said that there was nothing new to add on the Brexit move plan that it had announced last year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.