BRD boosts team of traders

BRD, the second largest bank on the market, is expanding its trading team to boost operations in this area, also counting on a partnership with the corporate&investment banking unit of its parent bank, Societe Generale.

“We want to be much more active on the trading segment and to this end we are going to increase the number of traders and we will have access to several trading systems managed by Societe Generale,” states Claudiu Cercel, vice-president for financial markets with BRD.
He says the project is based on a decision to bolster operating efficiency, as well as on the intention of benefiting from SocGen’s experience in the field and thus increasing BRD’ s competitive power.
Cercel states trading activity on the forex market is limited now, and on interests it is based more on management. “We want to be more dynamic on all the markets: currency, forex, fixed income, derivatives. (…)”.
The financial markets team will also expand depending on the operations volume trend.