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Foreign Exchange

SocGén loses global head of FX sales

Mike Burton, global head of FX institutional sales at Société Générale, has left the firm to pursue new business interests outside the FX industry, EuromoneyFXNews can reveal.

Burton, a market veteran with more than 25 years’ experience in the FX markets, joined SG in 2008 after a four-year stint at Lehman Brothers. He spent 10 years at Goldman between 1994 and 2004, where he rose to head of FX sales for Europe.

His departure represents a significant loss for SG, which also saw its co-head of global FX trading, Dan O’Sullivan, resign in November.

SocGén was globally ranked 13th in last year’s Euromoney FX survey.  They ranked 14th with financial insitutions, which includes non-market making banks, real money and hedge funds, with a market share of 1.32%, two notches below the previous year when they had a market share of 1.9%.

SocGen wasn’t immediately able to comment on the departure, and Burton declined to comment when contacted by EuromoneyFXNews.

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