SG builds Asia equities capability

Societe Generale says the new hires demonstrate commitment to its Asia equities business.

Societe Generale’s investment banking arm has hired three new bankers in Asia as part of a continued push into cash and flow equities.

In Tokyo, Akihiro Ohara has joined from Nomura Securities as head of sales trading, while in Hong Kong the bank has hired Lloyd Michaels from BNP Paribas to head delta-one products sales for Asia-Pacific and Philip Cheung from Standard Chartered to sell hybrid equities.

Ohara leaves Nomura after seven years as the bank’s head of sales trading. In his new job he will focus on servicing key institutional accounts and will report to Masahiro Kubo, head of global equities and flow derivatives in Japan, and to Matthew Perry and Sander Elzinga, co-heads of cash equities for Asia-Pacific.

SG says that Michaels will spearhead the development of its delta-one business with the aim to further marketing the investment bank’s capabilities to hedge funds, asset managers and proprietary trading desks in the region. He will report to Timothee Bousser, head of global equities and flow derivatives for Asia-Pacific.

Cheung, meanwhile, will help the bank to expand its cash equities business and integrate the JIAsia research product, which SG has been distributing since its June alliance with Japaninvest. He will report to both Perry and Elzinga.

¬ Haymarket Media Limited. All rights reserved.

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