SG CIB’s ex-head trader eyes the buy side

Societe Generale building

Richard Bailey, former head of global foreign exchange trading at Société Générale Corporate and Investment Banking (SG CIB) in London, is understood to be considering a move to the buy side, having left the bank last week.

Bailey's departure is the latest in a number of senior exits from the bank's FX business, which now falls under almost entirely new management. Since November 2011, the bank has parted company with Dan O'Sullivan, who had been Bailey's co-head in New York; Mike Burton, global

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