Societe Generale Corporate & Investment Banking announced last week the creation of its U.S. debt capital markets group. Based in New York, this new group combines all of the company's U.S. debt capital markets products, including loan and structured debt syndicate (which includes securitization and project finance), high yield and mezzanine debt, private placements, and euro bond origination, under one roof.
Neil Parekh, global head of high yield finance, has been appointed as the head of the new U.S. debt capital markets group and will report to New York-based head of debt finance in the Americas, Paolo Taddonio.
Gail McDermott, David Stern and Julian Carter will remain the heads of private placements, securitization syndicate and origination, respectively. Among other changes in the company, Ted Lunney has been named head of high yield sales and trading and Terry Sanabria has been appointed head of loan sales and trading. Both Lunney and Sanabria will report to Parekh.
Among other changes in the company, Ted Lunney has been named head of high yield sales and trading and Terry Sanabria has been appointed head of loan sales and trading. Both Lunney and Sanabria will report to Parekh.
"The creation of a single debt capital markets platform will greatly enhance our ability to service clients -- both issuers and investors, " Taddonio said. "With this new orgatnization in place, the group is well positioned to extend our debt franchise in the U.S. and contribute to our regional business strategy."
