Southpaw: Softly-softly SG takes steps on M&A expansion

SG’s coverage and advisory head Thierry Aulagnon has the task of broadening the bank’s business by creating a global M&A franchise. The recent appointments of 13 senior bankers show that he is eschewing big-name stars but it’s not clear that will be enough to expand beyond SG’s heartland, writes David Rothnie.