10 Mar 2010
Newedge has announced at the annual Futures Industry Association Conference in Boca Raton, Florida an important reorganization of its global business line structure.
Newedge is introducing a business line oriented organization which 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 organization.
The new organization will consist of four main global business lines:
- Newedge Fixed Income, Currencies & Commodities (FICC) – Headed by Pierre Gay
- Newedge Prime Brokerage – Headed by Philippe Teilhard de Chardin
- Newedge Clearing Sales and Professional Trading Group – Headed by Chris Topple
- Newedge Financial Futures Options (FF&O) & Equities Execution – Headed by John Ruskin
Business Line Heads report to Nicolas Breteau, Newedge Global Head of Sales and Front Office.
Each business line has been organized according to client profile, type of services required, sales force profile, management efficiency and resources alignment, which includes infrastructure, support required and capital requirements. Newedge plans to achieve the following objectives as a result of its reorganization:
- Business better aligned with customer needs. Newedge’s new, streamlined business line structure will ultimately provide superior services to our clients and the team alignment will give our clients more access to multiple asset classes across regions, consistent with regulatory requirements.
- Improved economic efficiency and performance monitoring. Each business line will operate under a unique business model with their own P&L providing Newedge with better visibility on the various and diverse economics associated with each.
- Taking advantage of the new regulatory environment. Newedge's reorganization will make the company able to develop more quickly and efficiently new opportunities resulting from the evolving regulatory environment. Newedge will anticipate client needs and make the changes necessary to work more efficiently with exchanges, local regulators and investors around the globe.
Newedge is introducing a business line oriented organization which 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 organization.
The new organization will consist of four main global business lines:
- Newedge Fixed Income, Currencies & Commodities (FICC) – Headed by Pierre Gay
- Newedge Prime Brokerage – Headed by Philippe Teilhard de Chardin
- Newedge Clearing Sales and Professional Trading Group – Headed by Chris Topple
- Newedge Financial Futures Options (FF&O) & Equities Execution – Headed by John Ruskin
Business Line Heads report to Nicolas Breteau, Newedge 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” said Patrice Blanc, CEO of Newedge.
Each business line has been organized according to client profile, type of services required, sales force profile, management efficiency and resources alignment, which includes infrastructure, support required and capital requirements. Newedge plans to achieve the following objectives as a result of its reorganization:
- Business better aligned with customer needs. Newedge’s new, streamlined business line structure will ultimately provide superior services to our clients and the team alignment will give our clients more access to multiple asset classes across regions, consistent with regulatory requirements.
- Improved economic efficiency and performance monitoring. Each business line will operate under a unique business model with their own P&L providing Newedge with better visibility on the various and diverse economics associated with each.
- Taking advantage of the new regulatory environment. Newedge's reorganization will make the company able to develop more quickly and efficiently new opportunities resulting from the evolving regulatory environment. Newedge will anticipate client needs and make the changes necessary to work more efficiently with exchanges, local regulators and investors around the globe.
