NEW YORK and PARIS, June 4 /PRNewswire/ -- Societe Generale Corporate & Investment Banking has received the "House of the Year, Oil & Products" award and "Deal of the Year" award from Energy Risk Magazine for its deal with MXenergy in 2006.
The transaction with MXenergy, a US natural gas marketer and supplier, combined innovative credit solutions with financial risk management, creating a flexible and scalable structure that enabled MXenergy to grow its residential and commercial operations. The bank also won plaudits for its Oil and Products business which continued to improve its market presence in 2006.
Francois-Xavier Saint-Macary and Edouard Neviaski jointly head up Societe Generale Corporate & Investment Banking Commodities Derivatives team which combines market-leading structuring and distribution expertise, together with innovative joint ventures such as Gaselys and Orbeo with industrial companies.
Societe Generale Corporate & Investment Banking was named Energy Risk's "House of the Year in commodities structured products" in 2006, reflecting the bank's status as a major global player in the commodities market.
Now in their eleventh year, and judged by Energy Risk's editorial panel plus an independent expert, the Energy Risk Awards recognise excellence in the US, European and Asian energy risk management marketplaces.