Newedge expands in Asia despite gloom

The French broker fills two senior positions as it diversifies into new products.

French brokerage Newedge has made two senior appointments in Hong Kong and Singapore as it continues to grow its business in the region following its creation in January 2008 from the merger between Calyon Financial and Fimat, the brokerage arm of Societe Generale.

Since the merger, Newedge has focused on building capabilities in prime brokerage, foreign exchange and metals to diversify away from its core business of listed futures and options. As a result, the firm has grown in Asia...

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