Newedge reorganises business line structure
Newedge, a provider of multi-asset brokerage and clearing services, is reorganising its global business line structure.
Newedge says the new structure better reflects the new global market environment and allows for a more efficient response to client needs.
This global structure will work in conjunction with its current regional organisation.
The new organisation will consist of four main global business lines: fixed income, currencies and commodities, headed by Pierre Gay; prime brokerage, headed by Philippe Teilhard de Chardin; clearing sales and professional trading group, headed by Chris Topple; and financial futures options and equities execution, headed by John Ruskin
Business line heads report to Nicolas Breteau, global head of sales and front office.
“Our business line structure will give Newedge the opportunity to deliver consistent execution, clearing and prime brokerage standards to a global customer base. It will also lead to increased client knowledge, stronger risk/return profile and enhanced supervisory oversight. This new business line emphasis will complement our existing regional structure,” says Patrice Blanc (pictured), chief executive of Newedge.
Each business line has been organised according to client profile, type of services required, sales force profile, management efficiency and resources alignment, which includes infrastructure, support required and capital requirements.
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