SG corporate and investment banking expands high-yield business into Europe

St. Louis, Oct. 5 - SG CIB, the corporate and investment banking arm of the Société Générale Group, announced Tuesday that it plans to expand its high-yield finance business into Europe.

SG CIB's European high-yield business strategy will focus on a client-driven approach, with the high-yield team providing origination and product expertise to key clients, in particular in the areas of media-telecom and leveraged finance.

"As demand for high yield financing increases in Europe, it has become of strategic importance that SG CIB continues to extend its product offer to include high yield in the region," said Marc Breillout, global head of SG CIB's debt finance division, in a news release Tuesday.

The European high-yield group will be based in London and will consist of high-yield specialists integrated into SG CIB's European fixed-income platform encompassing debt syndicate, credit research, sales and trading. The group will report to Neil Parekh, SG CIB's global head of high-yield based in New York, and will be supervised at the European level by Ian Fisher, global head of debt syndicate.

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