How can derivative solutions give you the edge?
Today’s unconventional markets call upon sophisticated scenario analysis and innovative hedging approaches, As a leader in derivatives, Societe Generale is helping its clients with innovative solutions to address key market challenges, including:
With central banks tightening, what’s the impact for cross asset volatility?
The Negative interest rates policy (NIRP) has become a hindrance for banks’ net interest margins.
Presenting to our clients the point at which higher interest rates become a headwind for risk assets to usher an era of higher realized volatility , is proving to be a pivotal decision factor.
Can Europe decouple from the US?
The valuation gap between US and Europe is likely to close as Europe’s economic momentum increases with a vengeance
Inflows into European equities have become the path of least resistance.
How to risk manage portfolios around market events
Reading implied volatility risk premium across asset classes priced by political events is complex. Societe Generale has developed a range of solutions to take advantage of the asynchronicity of risk premium across asset classes.
The low volatility conundrum
Changes in the business cycle regime are still not affecting depressed volatility. This is where yield enhancement structured products and systematic volatility selling strategies are helping to drive performance for our clients.
Can the use of hybrids deliver more reliable outcomes?
Implied correlation across equity, FX and rates can be monetised in order to cheapen hedges.
Dual digital and contingent options have become very popular solutions and more efficient trades around Brexit, Frexit and Renzit
Is the trumpflation trade dead or alive?
Uncertainty surrounding the timing of the US Tax reform has taken momentum out of US assets, with US Inflation still below expectations, despite unemployment at the NAIRU.
The unwind of the reflation trades has become the path of least resistance. Therefore, hybrids options, such as equity puts contingent on US rates lowering, are a solution for efficient hedging that take advantage of attractive cross asset implied correlation levels.
Find out how to make Markets work in your favour through the expertise of our Global Markets team, for all your investment and hedging needs*.
(*The value of your investment can go up or down)
Contact one of our experts
Group Chief Economist and Head of Economic and Sector Research
Michala Marcussen assumed the role of Societe Generale’s Group Chief Economist in September 2017 and leads a team of over 30 economists and sector engineer’s in her role as Head of Economic and Sector Research in the Risk Division. She is a member of Societe Generale’s Group Management Committee and has been with the Group since 1994.
With over 30 years of experience in the financial industry, she is a frequent commentator in the economic debate. Michala Marcussen holds a Master of Science in Economics from the University of Copenhagen and is a CFA charterholder. Michala Marcussen is also Vice President of the SUERF (European Money and Finance Forum) Council of Management.
Managing Director, Global Head of Flow Strategy & Solution, Financial Engineering
Kokou Agbo-Bloua leads a global team of 20 financial engineers focused on the generation of differentiated trade ideas, unique implementations and hedging solutions across asset classes for hedge funds, global macro, asset managers and institutions.
Kokou joined SG CIB in 2014 and was most recently Head of Equity & Derivative Strategy Europe at BNPP in London for 4 years, where he was responsible for European fundamental equity strategy, derivatives parameters, global cross-asset themes and convertible bonds strategy. He was team leader of five senior strategists ranked #1 for idea generation by Greenwich survey & Derivatives Intelligence. Prior to this, he started his career on the trading side: Executive Director at JP Morgan from 2009-2010 and from 2000 to 2008 he was a portfolio manager at Goldman Sachs Principal Strategies (GSPS). He managed directional long/short, convertible bonds and volatility portfolios across asset classes.
Born in Togo and educated in China, where he spent 12 years of his life, Kokou Agbo-Bloua graduated with an MSc in Management from HEC School of Management in Paris in 2002, and completed his post-graduate studies in Finance at the Anderson School of Management at UCLA. He is frequently quoted in the financial press and is a regular guest speaker on the BBC, Bloomberg and CNBC.
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