The new OTC activity will be headed by Christophe Delorme who has joined the Fimat Division of SG Securities North Pacific (SGSNP) in Japan.
"We have been contemplating developing further our already existing OTC business for a while, but accelerated this process when Christophe recently became available," says Laurent Cunin, Managing Director of the Fimat Division in Japan. Mr. Delorme recently retired from Garban Totan Securities where he served as Manager of the OTC Equity Desk. Previously he worked for the Fimat Division of SGSNP as well as Tokyo & Tullet Tokyo.
Initially Fimat will engage in named give-up business which will entail the introduction of different institutional dealers directly to each other.
"I am very excited having Christophe join the Fimat Group. His OTC business will help further diversify the business base of the Fimat Division in Japan consistent with what Fimat is doing around the world," says Mr. Cunin.
"I am excited about rejoining the Fimat Group, and playing a significant role in developing their new OTC business in Japan," says Mr. Delorme.
About Fimat:
The Fimat Group has a global network of 20 offices and is a member of nearly 40 of the world's
largest derivative
exchanges and 10 stock exchanges. The Group provides global clearing and execution services to
institutional
users of derivatives and securities markets worldwide. Companies of the Fimat Group cover markets
that account
for 80 percent of the volume of all major exchanges. They offer clients access to over 500
individual interest rate,
bond, currency and equity products as well as 220 individual commodity contracts, covering the full
spectrum of
metals, energy, grains and soft commodity products.
Fimat and the Fimat Group refer to all companies or divisions of companies owned directly or indirectly by Société Générale that include the "Fimat" name. Only Fimat USA, Inc. is a member of the NASD and SIPC. Fimat International Banque S.A. (UK Branch) is a member of the LSE and does not deal with, or for Private Customers (as defined by the Financial Services Authority). Fimat International Banque SA (Frankfurt Branch) only conducts business with institutional customers. Only Fimat Canada Inc. is a member of the CIPF. Not all services are available from all Fimat organizations. Consult your local office for details. www.fimat.com.
Fimat in Asia: With offices in Australia, Hong Kong, Japan, Korea, and Singapore, the Fimat Group continues to show a strong commitment to the Asian-Pacific region. The Fimat network across Asia offers customers a true one-stop-shop for brokerage and clearing services on a wide array of OTC and exchange-traded products throughout Asia.
Fimat is one of the top ranked brokers for execution and clearing on all the major exchanges throughout the region and each office is fully staffed with experienced and dedicated professionals.
