SocGen Outsources Back Office to Spur US Prime Dealer Unit
In a drive to grow its new US fixed-income primary dealer business, Paris-headquartered Société Générale recently selected Broadridge Financial Solutions to provide SG Americas Securities with a range of technology and outsourcing services.
"Using Broadridge's offerings enables us to redeploy our internal resources to new strategic growth areas, and we are now better-equipped to grow and scale our business at predictable price points," says Mark Kaplan, COO for Société Générale corporate and investment banking in the Americas.
The dealer went live in July on the vendor’s BPS back-office processing system, which supports real-time processing of its US equities, options, and stock loan activities, according to officials.
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