Société Générale’s markets activity has, for the past two decades, been dwarfed by its equity derivatives franchise. Following one of the largest restructurings undertaken by the French bank, this could soon change.

It will enable the French bank to challenge Deutsche Bank and JP Morgan, currently dominating the markets, across the full spectrum of derivatives and related cash activities. Under SocGen's Evolution plan, which was rolled out last week, the bank divided its corporate and investment banking group into three divisions: coverage and investment banking, headed by Thierry Aulagnon; global finance under Jean-Luc Parer; and global markets under Christophe Mianné.