SG to form Aussie buyout team

Societe Generale's investment banking arm defies market bears as it forms a new team to extend credit to Australian clients.

Rumours of an end to the leveraged buyout boom may be premature. Despite tightening credit spreads and more cautious lending practices, Societe Generale is one bank that is actually expanding its acquisition and leveraged finance team in the region.

The French bank has made three new hires to establish a buyout team in Australia Steve Zuckerman from Barclays Capital, James Poulos from ANZ and Rodolphe de Tilly from Italian MA boutique Banca Leonardo. The new team will be based...

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