Newedge Group, Paris, Zurich Branch

Anna Mileiko Created by Anna Mileiko

Newedge Group, Paris, Zurich Branch Logo

Address

Zürich, Switzerland

BIC

n/a

Overview

Category

Branches of foreign banks

Business Focus

institutional brokerage

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).

Performance

In 2014, Newedge Group, Paris, Zurich Branch achieved the position of 272nd largest bank in Switzerland with a market share of 0.00%; its total assets dropped by 38.96%.

Deposit Protection

Deposits up to 100,000 CHF are covered by Swiss deposit guarantee scheme in Newedge Group, Paris, Zurich Branch.

Services

corporate banking
investment banking
brokerage services

Clients

institutional investors

Financials

Total Assets of Newedge Group, Paris, Zurich Branch
Market Share of Newedge Group, Paris, Zurich Branch
Total Assets (2014)
3.03 mln CHF   (-38.96%)

Newedge Group, Paris, Zurich Branch ranked as the 272nd largest bank in Switzerland by total assets. In 2014 its total assets were 3.03 mln CHF, representing a 0.00% market share. It was also the 25th largest branches of foreign bank in Switzerland, commanding a 0.01% share among branches of foreign banks.

Deposit Guarantee

Protected Amount
up to 100,000 CHF
Guarantee Fund
esisuisse – Deposit Insurance (ESI)esisuisse – Deposit Insurance (ESI)
Covered Accounts
credit balances
Eligible Depositors
private individuals (Swiss and foreign)
legal entities (Swiss and foreign)

Newedge Group, Paris, Zurich Branch protects deposits up to up to 100,000 CHF per depositor through Switzerland's deposit guarantee scheme. The scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign). The bank participates in the esisuisse – Deposit Insurance (ESI), making regular contributions into it.

See Also

Contacts

addressZürich, Switzerland

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

See Also

Bank Identifiers

Company Number
CHE-308.728.928

Bank Supervision

Supervised By
Swiss Financial Market Supervisory Authority

Newedge Group, Paris, Zurich Branch was authorized and supervised by the Swiss Financial Market Supervisory Authority.

Bank History

Founded
2010
Closed
2015
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