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Breteau takes the helm at Newedge
24 August 2010
Nicolas Breteau has been appointed chief executive officer of Newedge, succeeding Patrice Blanc, who has decided to leave the firm for personal reasons.
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Nicolas Breteau
Newedge
Duncan Goldie-Morrison
Jacques Ripoll
Michael Turek
Breteau has held a number of senior positions since he joined the group, starting at Fimat in 1993. He was most recently global head of sales and front office. Earlier in his career he was Fimat’s UK chief executive and managing director Europe.
Duncan Goldie-Morrison has been made full time, independent chairman of the board. He has been chairman of Newedge’s board since May 2009, representing Crédit Agricole, and has now resigned his position of senior advisor to Patrick Valroff, Crédit Agricole’s chief executive.
This appointment ends the rotation of Newedge’s chairmanship between its two shareholders, reflecting the firm’s determination to strengthen its governance and the role of the chairman.
Jacques Ripoll, head of global investment management and services at Société Générale Group, and Jérôme Grivet, deputy chief executive officer of Crédit Agricole, have become vice-chairmen of the board.
In the firm’s new York office, Michael Turek has become the first vice-president of Newedge’s metals team. He reports to Michael Frawley, executive vice-president and global head of metals.
Turek joins Newedge from Prudential Financial, where he was a senior vice-president and metals sales trader, responsible for marketing to new accounts and managing client relationships.