Parent Banks
Newedge is a joint venture with equal ownership by Crédit Agricole CIB and Société Générale, two of the world’s largest financial groups.
Together, the two banks provide Newedge with a solid equity base and lend support via the strength of their balance sheets and credit ratings.
Newedge is empowered to act independently from the trading activities of its parent banks, thus minimizing potential sources of conflict of interest.
With almost 13,000 employees in more than 50 countries, Crédit Agricole CIB offers its clients a comprehensive range of products and services.
Société Générale is one of the largest financial services groups in the euro-zone. The Group employs 160,000 people worldwide.
Parent Bank Ratings
| Long-Term Ratings | Moody's | Standard & Poor's | Fitch |
|---|---|---|---|
Crédit Agricole CIB |
A2 |
A |
A+ |
Société Générale |
A2 |
A |
A+ |
March 2013