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TMCNet:  Newedge Appoints Global Co-Heads for Commodities & Currencies

[December 13, 2013]

Newedge Appoints Global Co-Heads for Commodities & Currencies

(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 13 December 2013 Release date- 12122013 - Francois Combes to join Newedge.

Newedge, a global leader in multi-asset brokerage and clearing, today announced that Francois Combes and Franck Borgel are appointed as Global Co-Heads of the Commodities & Currencies (C&C) business and will join the Firm's Executive Committee.

Francois Combes will be based in London and be responsible for leading Newedge's global Commodities business.

Franck Borgel will be based in New York and oversee Newedge's global Currencies business whilst retaining his responsibilities as Chief Operating Officer (COO) for C&C.

'Newedge's Commodities & Currencies franchise is recognised as one of the best in market. Francois' and Franck's wealth of experience and market expertise will further complement our strong client offering and help take it to the next level,' said David Escoffier, CEO at Newedge.

Francois Combes joins Newedge from Societe Generale Corporate & Investment Banking (SG CIB) and brings with him more than 30 years of commodities experience and expertise. Most recently, he was Deputy Head of Commodities and Head of Metals and Ags at SG CIB, before which he was Head of Commodities Trading from 2007 to 2011.

Franck Borgel has led a range of business lines and regions over the last 14 years at Newedge, and has served as the C&C COO over the last three years.

John Fay, former Global Head of C&C at Newedge, has decided to leave the company to pursue other opportunities outside the firm.

About Newedge Newedge, a 50/50 joint venture between Societe Generale and Credit Agricole CIB, is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in 19 locations in 14 countries, Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges. Newedge's 2,700 employees form a close-knit, multinational team that can innovatively respond to its clients in fast-moving markets.

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