“Why not mutualise the dealing desk?” asks CEO of SGSS
David Abitbol, chief executive of Societe Generale Securities Services, says there’s still plenty that asset servicers can do for fund manager clients to improve their costs base - and like some of his peers, the CEO is looking at dealing desks.
Outsourced dealing is a battleground for some asset servicers at present. In SGSS’s case, the firm effects outsourced dealing by using parent bank Societe Generale’s dealing desk I-Deal, which is linked to Crosswise, SGSS’s front-to-back office outsourcing solution.
Abitbol, in an interview with Funds Europe, says: “If you are an asset manager, you need to run an execution desk, so why not share and mutualise it, meaning you do not have to invest in dealing rooms, market connectivity, data and business continuity.”
David Abitbol, chief executive of Societe Generale Securities Services, talks to Nick Fitzpatrick about digital transformation and inroads to fund managers’ front offices.
Please note that the posts on The Blogs are contributed by third parties. The opinions, facts and any media content in them are presented solely by the authors, and neither The Times of Israel nor its partners assume any responsibility for them. Please contact us in case of abuse. In case of abuse,
My friend’s husband, David Abitbol, answered my question almost effortlessly by immediately replying, “Actually, quite easily”. Over the past week, I have seen countless arguments and debates online across different social media platforms between different Jewish (but also some non-Jewish) creators and how their beliefs fit into Hanukkah, namely secular vs. religious and Zionist vs. anti-Zionist.