Societe Generale Appoints New Heads of U.S. Credit Research And U.S. Equity Quantitative Research

 Societe Generale Appoints New Heads of U.S. Credit Research And U.S. Equity
                            Quantitative Research

PR Newswire

NEW YORK, Oct. 10, 2012

NEW YORK, Oct. 10, 2012 /PRNewswire/ --Societe Generale Corporate &
Investment Banking announces today the further development of its U.S.
research platform with the hires of Ken Elgarten as Head of U.S. Credit
Research  and Michael Suen as U.S. Equity Quantitative Strategist.

Ken Elgarten joins from Credit Suisse where he had been Head of U.S. Credit
Strategy and Research since 2007. His extensive experience in credit research
includes similar senior positions with UBS and Lehman Brothers.

Mr. Elgarten holds a B.A. in Economics from Dickinson College and an MBA from
Columbia University, and is a CFA charterholder.

Mr. Suen joins Societe Generale from Avatar Associates where he was a Senior
Vice President – Quantitative Research. He has held similar positions at ING
and Invesco and has over 16 years of experience in applying quantitative
research to stock selection research, macro factor research and portfolio risk

Mr. Suen holds a Ph.D. in Finance from Baruch College, a Master of Philosophy
in Finance from the City University of New York, an MBA from City University
of Hong Kong, and a B.Sc. from University of Manchester in the UK. He is also
a CFA charterholder.

Both Mr. Elgarten and Mr. Suen are based in New York and report to Head of
U.S. Research Stephen Gallagher.

Societe Generale
Societe Generale is one of the largest European financial services groups.
Based on a diversified universal banking model, the Group combines financial
solidity with a strategy of sustainable growth, and aims to be the reference
for relationship banking, recognised on its markets, close to clients, chosen
for the quality and commitment of its teams.

Its 160,000 employees based in 77 countries accompany more than 33 million
clients throughout the world on a daily basis. Societe Generale teams offer
advice and services to individual, corporate and institutional customers in
three core businesses:

  oRetail banking in France with the Societe Generale branch network, Credit
    du Nord and Boursorama
  oInternational retail banking, with a presence in Central and Eastern
    Europe and Russia, in the Mediterranean basin, in Sub-Saharan Africa, in
    Asia and in the French Overseas Territories
  oCorporate and investment banking with a global expertise in investment
    banking, financing and global markets.

Societe Generale is also a significant player in specialised financing and
insurance, private banking, asset management and securities services.

Societe Generale is included in the socially-responsible investment indices:
FTSE4Good and ASPI.

For more information, you can follow us on twitter @SocieteGenerale or visit
our website

Societe Generale Corporate & Investment Banking
At the core of Societe Generale's universal banking business model, the
Corporate & Investment Bank is a well-diversified and leading player with
nearly 12,000 professionals present in 33 countries across Europe, the
Americas and Asia-Pacific.

Standing by its clients across sectors, the Corporate & Investment Bank
tailors solutions for them by capitalising on its worldwide expertise in
investment banking, global finance, and global markets.

  oFor Corporates, Financial Institutions and public sector: providing a
    global advisory approach (M&A, debt, equity transaction, capital
    structure, and asset & liability management), as well as quality capital
    raising solutions across the debt and equity spectrum, optimised financing
    and expert risk management responses notably in the realm of foreign
    exchange and rates derivatives.
  oFor investors: offering reliable and sound investment opportunities and
    risk management solutions through its integrated global markets platform
    delivering seamless access to markets (equity, rates, credit, currencies,
    commodities and derivatives), as well as advice and solid financial
    engineering, quality of execution and forward looking research across
    asset classes.

SOURCE Societe Generale

Contact: Jim Galvin, +1-212-278-7131,
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