IRVINE, Calif., BUSINESS WIRE -- Thunderhead, the leading provider of
communications technology, announced today that Societe Generale Corporate & Investment Banking has adopted Thunderhead to automate the creation of its equity derivative trade confirmation documents.
Thunderhead's document generation platform replaces an existing in-house, back-
system at Societe Generale Corporate & Investment Banking and enables the bank to automate its current manual processes for generating complex trade confirmation documentation. This automation is expected to bring greater efficiency and cost savings to the bank's trade operations and will also provide improved capacity management to support its future business growth.
Societe Generale Corporate & Investment Banking selected Thunderhead for its proven business user-centric design, which empowers business users to directly control the process of creating trade confirmations. The flexibility of the Thunderhead solution will also enable the bank to effectively manage equity derivative trade confirmations across multiple markets, languages and jurisdictions.
Another important factor was Thunderhead's open, standards-based architecture, which has already allowed the bank to rapidly integrate the Thunderhead platform within its current IT infrastructure.
Glen Manchester, Thunderhead's CEO, commented, "In selecting Thunderhead, Societe Generale Corporate & Investment Banking has chosen a proven
communications platform that meets all of its requirements. This is a significant win for Thunderhead as we continue to expand into the European market and further establishes our leadership in providing innovative trade confirmation solutions to the investment banking community."
A leading player present in over 45 countries across Europe, the Americas and Asia-Pacific, Societe Generale Corporate & Investment Banking is the bank of reference for:
-- Euro capital markets. A top 5 player across euro debt capital markets (bonds, securitization, loans) and a leader in French Equity Capital Markets with European reach.
-- Derivatives. A world leader in equity derivatives, and with forefront positions in many interest rate, credit, foreign exchange and commodities derivatives.
-- Structured finance. A worldwide leader in export, project and structured commodity finance with global expertise in energy, infrastructure, real estate and media and telecom finance.
Tailoring solutions in terms of capital raising, financing, risk management and investment, Societe Generale Corporate & Investment Banking combines expertise, innovation and advisory skills coupled with quality of execution to both issuers and investors clients across debt and equity.
www.sgcib.com
solutions for the production of highly personalized, multi-channel communications.
Thunderhead's innovative platform, Thunderhead NOW, empowers business users to own the end-to-end process of creating and maintaining customer communications and delivers significant efficiencies and cost savings. Thunderhead NOW also enhances customer engagement, improving customer satisfaction, loyalty and revenue outcomes. Due to its unique combination of business user control, open standards-based architecture and broad
capabilities, Thunderhead has quickly established itself as a clear market leader and is one of the fastest-growing software companies in the world.
The company counts nine of the top 10 leading investment banks as customers, including UBS, Morgan Stanley, JPMorgan, RBS and Societe Generale. Thunderhead services its global customer base from offices located in North America, Europe and Asia Pacific.
For further information please visit www.thunderhead.com.
LEWIS PR Katie Eakins / Wanda Soler 619-677-2700 thunderhead@lewispr.com
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