When Patrice Blanc joined Fimat in 1989 the company was an upstart, even in France, where it had been formed just three years before at the same time as French futures and options exchange Matif (Marché à Terme International de France).
Blanc, who is now chairman and CEO of Fimat Group, played a central role in the group's international expansion and transformation into a leading global derivatives, commodities, clearing and inter-dealer brokerage. He took over from Alain Closier, now global head of Société Générale's global securities services for investors division, which groups together all of SG's execution, clearing, settlement, custody, and fund administration businesses, of which Fimat is a part.
Today, Fimat employs 1,200 people and is active in 45 derivative exchanges and 12 stock exchanges worldwide. On derivative exchanges it has a global market share of about 5% while it has a global market share in clearing of 6.5%.
?I joined Fimat at a very interesting time,? says Blanc. ?We always had plans to build a global brokerage, even though we were starting from scratch and our Paris business was still quite small at the time.?