ZF English

BRD boosts team of traders

Autor: Razvan Voican

24.01.2011, 23:22 13

BRD, the second largest bank on the market, is expanding itstrading team to boost operations in this area, also counting on apartnership with the corporate&investment banking unit of itsparent bank, Societe Generale.


"We want to be much more active on the trading segment and tothis end we are going to increase the number of traders and we willhave access to several trading systems managed by SocieteGenerale," states Claudiu Cercel, vice-president for financialmarkets with BRD.
He says the project is based on a decision to bolster operatingefficiency, as well as on the intention of benefiting from SocGen'sexperience in the field and thus increasing BRD' s competitivepower.
Cercel states trading activity on the forex market is limited now,and on interests it is based more on management. "We want to bemore dynamic on all the markets: currency, forex, fixed income,derivatives. (...)".
The financial markets team will also expand depending on theoperations volume trend.

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