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Foreign Exchange

SocGen hires BarCap’s Philbin as chief dealer in New York

Société Générale has hired Rob Philbin from Barclays Capital as its chief dealer in the US. Philbin, who will be based in New York, will report to Dan O’Sullivan, global co-head of FX trading.

“Rob brings with him a wealth of experience in franchise driven FX, a strong P+L track record, and a solid reputation.” O’Sullivan tells EuromoneyFXNews.

The hire is part of SocGen’s objective to further build upon its core strength in Europe by enhancing the profile and depth of its FX platform in the Americas and globally adds O’Sullivan.

In the Euromoney FX qualitative survey for 2011, Société Générale was ranked joint first with Deutsche Bank for best client service in the European time zone.

In terms of overall North American market share, SocGen’s position remained unchanged from the previous year at 14th, although its actual market share decreased from 2.35% to 1.45% between 2010 and 2011.

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