Investment Banking

SocGen and AllianceBernstein agree equities tie-up

Investment bank boss Slawomir Krupa bids to create 'undisputed leader across the equity business' with new joint venture

AllianceBernstein and Society Generale have launched a joint venture that will combine their equity research and cash equities trading unit
AllianceBernstein and Society Generale have launched a joint venture that will combine their equity research and cash equities trading unit Photo: Richard B. Levine/Alamy; Nathan Laine/Getty Images

French bank Societe Generale has signed a joint venture with US investor AllianceBernstein to bolster its equity research, trading and capital markets unit.

The two groups have launched a joint venture that will combine their equity research and cash equities trading unit, according to a statement, which will also boost SocGen's equity capital markets and prime services divisions.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump