Societe Generale expansion
French-based Societe Generale has moved to expand its Acquisition and Leveraged Finance business in the Asia-Pacific with the creation of a Sydney-based team led by Steve Zuckerman.
The company said that the three-man Sydney team would complement its 12 acquisition and leveraged financial professionals currently covering the Asia-Pacific out of the bank’s Hong Kong Office.
The company said the creation of the team in Australia would enable it to pursue mandates to provide debt arranging, underwriting and bookrunning services to private equity firms and corporate clients in Australia and New Zealand.
It said this would capitalise on Societe Generale Corporate and Investment Banking’s leading presence in the region in other debt products such as project finance, mining finance, asset-based finance and securitisation.
Zuckerman joins Societe Generale from Barclays Capital where he spent the past four years as director and head of global loans, Australia and New Zealand.
Recommended for you
Financial advisers will have to pay around $10.4 million of the impending $47.3 million CSLR special levy but Treasury has expanded the remit to also include super fund trustees and other retail-facing sub-sectors.
While social media can have positive financial influence, the overwhelming risks signal a greater need for affordable advice as Australians continue to seek financial education on social media.
Fitzpatricks Advice Partners has released a guide on building a national advice firm with the argument that these firms are crucial to facilitating growth in the struggling profession.
ASIC has taken action against a South Australian financial advice provider who secured $1.4 million for purported investment in gold salvage from Solomon Islands shipwrecks.

