Newedge Reviews

Updated July 1, 2015
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2.4
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Approve of CEO
Newedge Group CEO David Escoffier
David Escoffier
11 Ratings

Pros
  • great global exposure, good people (in 9 reviews)

  • Great place to learn financial services (in 9 reviews)

Cons
  • Senior management is very hard pressed to make a cohesive decision (in 10 reviews)

  • Upper management is way out of touch (in 8 reviews)

More Pros and Cons

131 Employee Reviews

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  1. project manager

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge

    Pros

    high pace environment - skilled IT people - great location

    Cons

    required to work on week-ends - too many open space offices


  2. Helpful (1)

    Avoid

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL

    I have been working at Newedge full-time (More than 5 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    There is opportunity in chaos. On an individual basis, lots of decent people. Pay is fair, 401k match better than average.

    Cons

    Chaos at all times. Worst bureaucracy I have ever encountered ( and I worked for the government). You will have zero influence to change even the most mundane things.

    Advice to Management

    If you want a working example of what it is like to be a Soc Gen employee, try getting tech support. There are about 15 different IT departments. Try ordering office supplies. Then apply that level of Byzantine absurdity to actual work and watch your head blow up with frustration.


  3. Good benefits but clueless management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    good compensation package and benefits

    Cons

    clueless management, not sure what they want to do at times.

    Advice to Management

    listen to your employess


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Fare reach/ Internal Mess

    Former Employee - Sales in San Francisco, CA
    Former Employee - Sales in San Francisco, CA

    I worked at Newedge full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Global reach for execution and some very talented people on individual desks.

    Cons

    Siloed culture. The company brought to former competitors(Calyon. Soc Gen) and the company never jelled into a well functioning unit.

    Advice to Management

    Institutionalize a way to effectively cross sell product to leverage your Global Brand.


  6. Helpful (2)

    Senior Credit Analyst

    • Work/Life Balance
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge full-time (More than 8 years)

    Pros

    My department had a fun group of people. They worked hard too.

    Cons

    Being bought out by Societe Generale and many being laid off.

    Advice to Management

    Don't get rid of the good hard working people.


  7. Helpful (2)

    Newedge

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Futures brokerage firm with a strong market share and global reach. There are experienced capable employees at Newedge who are typically willing to share their expertise with others.

    Cons

    Societe Generale bought 100 percent of Newedge and completely changed the corporate culture. They eliminated the commission structure and put salesmen on small salaries/bonus.

    Advice to Management

    The transition from a brokerage firm to a French bank was made more difficult by the lack of respect for customers and employees.


  8. Helpful (1)

    Analyst (front office)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Newedge full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice outside environment. Convenient location. Usually no need to overtime.

    Cons

    No upgrade opportunity. Unfriendly management. No support for new business developed. just want to play same Decrease bonus all the time. Dying business. SG just trying to take advantage of all Newedge's clients and get rid of Newedge eventually.

    Advice to Management

    Just close this company. No need to struggle.


  9. Should not be in the Brokerage Business.

    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY

    I have been working at Newedge

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Co-workers are very nice, location good.

    Cons

    Worst management structure I have ever worked with. They should have been closed down by FINRA. They lie to the employees !!!!

    Advice to Management

    Quit


  10. Good Luck

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great opportunity in the clearing business, several excellent senior managers

    Cons

    goals dictated by home office, interference from global and regional management, lack of understanding of US regulations

    Advice to Management

    Talk is one thing, results another


  11. Senior Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newedge full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    None, zip, nada, zilch, zero

    Cons

    Mismanaged company with no strategy or regard for its employees.

    Advice to Management

    Bring in experienced management to right the ship.



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