Pros
Great opportunity for the world class sales producers and support staff under talented new SocGen leadership (big Craig Overlander fan from my Bear Stearns days). Lots of very senior management forced out and replaced with talented people who underdstand unified core values, the mission and teamwork. Newedge can finally become profitable again and really excel over the next 24 months with intelligent integration into SG
Cons
Still some very senior management globally need replacement to liberate talented producers, but hopefully that gets fixed by YE 2014. The divisive silos that were built under the previous management the past four years needs to be addressed; from compensation, culture, training and leadership POV. But this can be done and at great benefit to SG, clients and Newedge