Societe Generale has hired John Shaw from Jefferies as managing director of the firm's global program trading and electronic services group in New York.
At Jefferies, Shaw was head of portfolio and electronic trading and helped build the firm's electronic trading business. Previously, he held senior positions in program and electronic trading at Knight Capital and ITG.
At SG, Shaw will be tasked with further developing the firm's US domestic franchise in program and electronic trading, building upon the firm's increased presence in the US following the roll-out two years ago of a global electronic platform.
He will report to Stephane Loiseau, head of program trading and electronic services.
"With the increasing focus on 'Best Execution', it's critical to be able to provide institutional customers with full service, value-added trading and execution services on a global basis," says Loiseau. "This means providing program trading, algorithmic trading solutions, direct market access, access to liquidity solutions and sales-trading service but also quantitative research, ETFs and other Delta 1 products."