SG Corporate and Investment Banking, a division of Société Générale, is looking to hire approximately 20 directors and/or managing directors for its U.S. debt finance group, according to Paolo Taddonio, head of debt finance for the Americas. The hires will be part of the firm's move to expand its corporate coverage for debt capital markets and its financing business globally, he says.
"We are in a more favorable business environment and SG CIB now has freed up capital to add clients," Taddonio explains.
The additions to the 300-person group will be made across the spectrum of debt products, including syndicated loans, bonds, securitizations, structured finance, foreign exchange, treasury and interest rate derivatives, he says.
The firm is especially focused on expanding its approximately 40-person securitization team with additional originators. "We see good potential [in that business] especially in the Americas," Taddonio notes.
SG is actively looking for candidates and would like to move "as quickly as possible," Taddonio notes. He adds the bank has the flexibility to increase its hiring plans if it sees "a good opportunity to grow [the debt finance business even faster."
Taddonio, former co-head of the global foreign exchange and treasury product line, was appointed as head of the debt finance for the Americas group last week. He reports to Marc Breillout, global head of debt finance.