(AOF) – Société Générale announces that Jeffrey Mortara has been appointed as global co-head of equity capital markets (ECM), from May 6, 2024, alongside Luis Vaz Pinto. Based in New York, he will report to Carl Bassili and Bruno Magnouat, co-heads of the Investment Banking division within Global Banking and Advisory, and locally to Guido van Hauwermeiren, head of Global Banking and Advisory Americas.
Jeffrey Mortara was previously global co-head of equity capital markets for UBS, where he oversaw a global team of equity and equity-linked markets professionals in the United States, Europe and Asia.
“Jeffrey Mortara’s appointment comes at a particularly opportune time for Societe Generale following the launch of Bernstein and its leading equity research and distribution capabilities which, combined with Societe Generale’s strengths, create a fully integrated equity platform for our clients,” commented Anne-Christine Champion, co-director of Global Banking and Investor Solutions.
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According to BCG, in mid-2021, all fintechs listed in the world were valued on average twenty times their revenues, or a valuation of around $1.3 trillion. This figure had multiplied by more than four in three years. At the end of 2022, this multiple was divided by five, with average valuations limited to four times revenue. Nevertheless, BCG considers that the sector should record a jump in growth by 2030, with a six-fold increase in revenues for fintechs. After payments, development should mainly come from fintech banking, with the rise of turnkey services for businesses and professionals (“banking-as-a-service”).