法国兴业银行

SOCGEN BANKERS QUIT HEDGE FUND

Thirty senior bankers from Société Générale's alternative asset management team have left to set up their own hedge fund business with backing from an American private equity firm.

The team – including the head of SocGen's $12.7bn global hedge funds business, Arié Assayag, and several of his most senior colleagues – have left amid growing pressures at French banks to curtail the bonuses of top employees.

The French government has recently clamped down hard on bankers' compensation as a result of considerable public outcry – and hopes to persuade fellow G20 economies to follow suit at the Pittsburgh Summit next week.

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