Emmanuel Smiecench, a former Managing Director of Societe Generale, has landed at inter-dealer broker Tradition, roughly one year after parting ways with the lender, Finance Magnates has learned.
Mr. Smiecench left Societe Generale back in January of last year, relinquishing his role as the Managing Director on the Sovereign, Supranational and Agency Syndicate Desk. The role at the lender was one of several he held at Societe Generale during his time with the group, which dated back to 1998.
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Additional stints include the Head of Trading Agencies and Covered Bonds as well as Trader Agencies with Societe Generale, part of a career spanning 18 years with the group. In his new role at Tradition, Mr. Smiecench will join the group’s Trad-X platform – he will be tasked with lending his input to its design, construction and overall governance of its pricing schedule for the primary market, according to a recent Reuters report.
Trad-X is Tradition’s multi-asset class trading platform for over-the-counter (OTC) derivatives – the platform helps offer liquidity and risk management solutions for brokers.
Tradition recently made headlines late last month after it reported its financial results for the 2015 calendar year. The company revealed weak Q4 2015 results, having come in at CHF 814.5 million, down -2.7% at currency exchange rates when compared to last year’s CHF 837.5 million – interestingly, revenues from its Japanese forex unit had spiked higher however.