Calyon Financial, Inc.

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Calyon Financial, Inc. (formerly Carr Futures)
Headquarters Headquarters: Chicago
Key People Richard A. Ferina, Chairman & Chief Executive Officer; Tom Anderson, COO; Mike Monahan, Global Head of Operations, North America; Susan M. Schultz, General Counsel. (See below for add'l key team)
Products Brokerage firm
Website www.calyonfinancial.com

Futures commission merchant Calyon Financial merged[1] with Fimat on Jan. 2, 2008, to create Newedge. Calyon Financial had been a wholly owned subsidiary of Calyon S.A, the corporate banking arm of Crédit Agricole. The company primarily provides institutional clients access to major markets, including 70+ financial and commodity exchanges.

Calyon Financial's headquarters were in Chicago, but Newedge is headquartered in Paris, France. Newedge offers clients access to more than 70 markets worldwide, has 2000+ staff and offices in 15 other financial centers around the world.

Products and Services

Calyon Financial/Newedge deals in futures and options, equities, foreign exchange, fixed income, financials, energies, metals, agriculturals and softs and security futures products.

It also provides a number of services that can stand alone or support their own product lines. These services include trade execution, global clearing, and eBrokerage (a group of real-time trading systems).

History

Calyon Financial and Calyon Corporate and Investment Bank

Newedge is controlled 50/50 by Société Générale and Calyon. The shareholders' objective is to arrange an IPO for the new entity within 18 to 24 months.

Crédit Agricole

Crédit Agricole was founded in 1894 as a mutual lending bank to the farming sector. The Caisse Nationale was established in 1920 as a coordinating body to oversee the group's regional banks. The company gradually expanded into the retail banking market and in 1988, the government privatized the Crédit Agricole, making it a French corporation.

In 1996, Crédit Agricole acquired Banque Indosuez and its subsidiaries including its futures operations. Shortly after this acquisition, the name of Banque Indosuez was changed to Crédit Agricole Indosuez, and its global futures subsidiary became known as Carr Futures.

Corporate Profile

Crédit Agricole S.A., previously known as Caisse Nationale de Crédit Agricole (CNCA), is a key player in retail banking, serving 16 million customers through its network of 7,000+ branches and decentralized organization. The acquisition of Sofinco enabled it to strengthen its positions in consumer credit. Crédit Agricole S.A. traditionally has been the preeminent financial partner to France's farming community; over the years, it has broadened its client base to include households, the self-employed, companies, and local government. Crédit Agricole S.A. also offers its customers a wide range of financial services and insurance products designed by its specialized subsidiaries.

In 2000, Crédit Agricole S.A. was France's largest bank in terms of stockholders' equity as well as being a leading European and global banking group. The Crédit Agricole Group has a strong presence in corporate banking, the capital markets, and international business through its network of offices in 60 countries. It is expanding rapidly in the domestic and international asset management markets. The Group also is cooperating with and acquiring equity interests in retail banks outside France that are established in their home markets.[2]

NFA Affiliations

Calyon Financial's Bruce A. Beatus, senior vice president, general counsel and secretary, serves as a member of the Futures Commission Merchant Advisory Committee of National Futures Association. Barbara A. Pfendler, Calyon Financial vice president, serves on NFA's Commodity Pool Operator/Commodity Trading Advisor Advisory Committee.

References

  1. Operational launch of Newedge, brokerage subsidiary of Société Générale and Calyon. Calyon Financial.
  2. "Parent Company”. www.calyonfinancial.com.

Registration

Resources

Calyon Financial Inc. Web site [1]