Societe Generale Launches CMBS Business, Hires Industry Leading Team
NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Societe Generale Corporate & Investment Banking announced today that it has launched a U.S. Commercial Mortgage Backed Securities business and hired a team of seasoned CMBS professionals with experience in all aspects of CMBS. Societe Generale's CMBS team will engage in the full range of CMBS activities from origination to distribution.
The CMBS team joining Societe Generale will bring extensive market experience and industry know-how that will complement Societe Generale's specialized product approach, recognized expertise in securitization, structuring and engineering and financial innovation capabilities.
Wayne Potters* joins Societe Generale as Head of CMBS and is based in New York. A veteran industry professional, he was most recently Head of RBS's Commercial Real Estate Group since 2013 and with the bank since 2010. He has previously worked at Fortress, Merrill Lynch and CSFB in various senior CMBS roles.
Adam Ansaldi joins to head CMBS securitization for Societe Generale. He previously oversaw RBS's CMBS group's award winning distribution and securitization platform. Prior to RBS he led the commercial real estate securitization group at JP Morgan/Bear Stearns from 2001-2009.
Additional key team members include Gary Swon, Joey Petras, Chris Kramer and Peter Lewicki driving origination; Stewart Whitman managing REITS origination; David Goodwin managing CMBS credit; Jim Barnard and Justin Cappuccino in CMBS securitization; and Marty Black as CMBS underwriter.
This CMBS development is part of a global Societe Generale initiative headed in the U.S. by Hatem Mustapha* to develop asset backed product capabilities that will take advantage of a trend towards increased securitization to finance the economy at a time when many banks' capacity to hold assets on their balance sheets is limited. The addition of CMBS to Societe Generale's product platform also demonstrates the Bank's commitment to clients to provide world-class capabilities in structured finance as well as innovative investment opportunities in challenging and changing markets.
* Supervisory responsibility is pending receipt or transfer of relevant regulatory licenses
Societe Generale
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 148,000 employees, based in 76 countries, we accompany 32 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;
- International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;
- Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.
Societe Generale is included in the main socially responsible investment indices: FTSE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com
Societe Generale Corporate & Investment Banking
At the core of Societe Generale's universal banking business model, the Corporate & Investment Bank is a well-diversified and leading player with nearly 10 500 professionals present in more than 31 countries across Europe, the Americas and Asia-Pacific.
Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for them by capitalising on its worldwide expertise in investment banking, global finance, and global markets.
- For Corporates, Financial Institutions and Public Sector: providing a global advisory approach (M&A, debt, equity transaction, capital structure, and asset & liability management), as well as quality capital raising solutions across the debt and equity spectrum, optimised financing and expert risk management responses notably in the realm of foreign exchange and rates derivatives.
- For Investors: offering reliable and sound investment opportunities and risk management solutions through its integrated global markets platform delivering seamless access to markets (equity, rates, credit, currencies, commodities and derivatives), as well as advice and solid financial engineering, quality of execution – both Agency and principal-, forward-looking research across asset classes, an industry-leading clearing proposition and prime brokerage services.
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SOURCE Societe Generale
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