SG Corporate & Investment Banking (SG CIB), an arm of Societe Generale, has hired six senior natural gas and power traders to its commodity derivatives trading desk in the U.S.
The six senior traders SG CIB has added to its U.S. platform are Doug Gilbert-Smith and Andrew Lewis, both of whom joined from UBS, John McPherson from Constellation Energy Group, John Protano from Merrill Lynch, Nick Bate from Gaselys, and Kevin Lambert from PPM Energy.
The recent hires are all based in New York and report to Christophe Renaud, head of Commodity Derivatives Trading for the Americas.
Francois-Xavier Saint Macary, Global head of Commodities Trading for SG CIB, who moved to the U.S. from Paris in late 2004 to oversee the development of the U.S. commodities business, said: “The U.S. is the largest energy market in the world and a region where we’ve decided it is vital to commit significant resources, expand our presence and demonstrate our capabilities to our U.S. customer base. Already a leading participant in Europe and Asia in energy and metals trading, our continuing expansion in the U.S. market will allow us to provide our clients with the expertise and products they need from a truly global commodities trading platform.”
In a related move, SG CIB has also recently bolstered its corporate energy marketing team in the U.S.
“Although we’ve already strengthened our corporate energy marketing franchise in the U.S. with recent quality hires from Bank of America, Barclay’s, PSEG and Morgan Stanley, we fully expect to add additional hires that will round out the overall platform and deliver the quality service that our clients have come to expect,” added Adrian Lismore, head of Energy Sales and Structuring Group for the Americas. “We are excited about the growth opportunities and look forward to the challenges the market and our customers bring us.”