Nordic finance group SEB has reached an agreement to divest its operations in France to Société Générale. The transfer includes local staff. Through the divestment, SEB will be able to service its customers in France with a broadened service and product offering, built on SocGen’s as well as SEB’s total offering.
The transaction is expected to be completed in the fourth quarter of 2010.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.