Newedge Group, Paris, Zurich Branch

Newedge Group was founded in 2007 as a joint venture of Credit Argicole and Societe Generale to provide multi-asset brokerage and related services primarily to institutional clients. In November 2013 Societe Generale announced its intention to acquire all shares of Newedge Group. By the end of 2015 Newedge Group has fully merged into Societe Generale, Corporate and Investment Banking Division. Newedge Group, Paris, Zurich Branch operated as a branch of Newedge Group (France).

Bank Category
Branches of foreign banks

Newedge Group, Paris, Zurich Branch was the 271st largest bank in Switzerland in terms of total assets. In 2014 its total assets were 3,03 mln CHF, providing the bank with the market share of 0.00%. Newedge Group, Paris, Zurich Branch was the 25th largest branches of foreign bank in Switzerland (out of 27 banks) having market share of 0.01% amongst the banks of this category.

Rank in Switzerland
271st largest bank

Total Assets (2014)
3.03 mln CHF  (-38.96%)

Newedge Group, Paris, Zurich Branch participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Newedge Group, Paris, Zurich Branch was located in Zürich.

Address
Zürich, Switzerland
Company Number
CHE-308.728.928
Founded
2010
Closed
2015

Financial Positions

Total Assets (2014)
3.03 mln CHF  (-38.96%)

In 2014 total assets of Newedge Group, Paris, Zurich Branch were 3.03 mln CHF. Decline compared to the previous period (2013) was -38.96%. The evolution of the total assets of Newedge Group, Paris, Zurich Branch is shown at Chart 1 below.

Total Assets of Newedge Group, Paris, Zurich Branch. Chart 1. Total Assets of Newedge Group, Paris, Zurich Branch.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2014)
271st (market share 0.00%)

In 2014 Newedge Group, Paris, Zurich Branch was the 271st largest bank in Switzerland in terms of total assets, having 0.00% of market share.

Market share of Newedge Group, Paris, Zurich Branch Chart 2. Market share of Newedge Group, Paris, Zurich Branch

Several banks with market shares closest to Newedge Group, Paris, Zurich Branch are shown below.

RankNameTotal AssetsMarket Share
167 RBC Investor Services Bank S.A., Esch-sur-Alzette, Zweigniederlassung Zürich12.41 mln CHF0.02%
271 Newedge Group, Paris, Zurich Branch (closed)3.03 mln CHF0.00%
254 UniCredit Bank AG, München, Zweigniederlassung Zürich2.28 mln CHF0.00%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of Newedge Group, Paris, Zurich Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-308.728.928