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TechvisionNovember 1 2013

Commoditising complex products the SG CIB way

Anthony Woolley, the UK chief information officer at Société Générale Corporate & Investment Banking, sees technology making the markets safer but is keen to foster an environment in which innovation in IT solutions thrives.
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The ‘equitisation’ of complex products is creating opportunities for front-office technologists. The same skills that have helped develop trading platforms for vanilla cash assets are now finding a home in markets that used to be primarily over the counter.

“E-business continues to transform the nature of financial services,” says Anthony Woolley, UK chief information officer at Société Générale Corporate & Investment Banking (SG CIB). “It is concerned with both how you price and risk-manage financial products and how you distribute them to your clients. IT is transforming both of those aspects. Firms started to manage risk for very simple products in high volume a decade ago. But the advancing power of technology has allowed it to apply to ever more complex products over time. So there are quite a lot of exciting projects going on at the back end of how e-business is done.”

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