Newedge Reviews

Updated September 21, 2014
Updated September 21, 2014
114 Reviews
2.5
114 Reviews
Rating Trends

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Newedge Group CEO David Escoffier
David Escoffier
4 Ratings

Review Highlights

Pros
  • Opportunities to work with good people from Australia, UK or USA (in 9 reviews)

  • Great place to work, but not always the most exciting content to work on (in 9 reviews)


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

  • Upper management has no idea what is going on within the firm and handcuff its employees at every turn (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Working environment negative as management is constantly changing

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Newedge

    Pros

    Expected to do a little bit of everything. Gives one a better exposure of the business as a whole

    Cons

    Disorganized. The company was formed just prior to the financial chrisis. Business model never updated.

    Advice to ManagementAdvice

    Company is in the process of being bought out. I think this will be a positive to those who survive

  2.  

    It was good place to work and professionals

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

    I worked at Newedge as a contractor for less than a year

    Pros

    Experience in prime brokerage , global clearing.

    Cons

    Internal processes could be better,

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
  3.  

    Good place to learn. Middle management is a mess.

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

    I have been working at Newedge full-time for more than 5 years

    Pros

    Great place to learn the markets.
    Good benefits.
    Decent pay.

    Cons

    Many managers found their jobs because of who they know, and are not properly vetted.
    French are often given the fast track on managerial positions, to the detriment of others.
    Very little job mobility.
    Lack of recognition and promotion for the people actually doing the hard work.
    HR department is not helpful.

    Advice to ManagementAdvice

    Hire proven industry managers.
    Promote the do-ers.
    Support staff is the bread and butter of the company, show them you care.
    Make sure that the projects you undertake are going to be profitable, or build efficiency.
    Let people work remote from time to time.

    Recommends
    Negative Outlook
    No opinion of CEO
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  5.  

    Terrible work environment.

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

    I worked at Newedge full-time for more than 8 years

    Pros

    It is a huge firm. You can learn quite a bit since they have a little bit of every type customer on the Futures side of the business.

    Cons

    Upper management is way out of touch. Politics is the rule here, and if you don't mind a brown nose you will do just fine. Advancement is left for only these people no matter how well they do their jobs.

    Advice to ManagementAdvice

    Open your eye's! Make sure the good workers get noticed and credit for what they have done.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Broker

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

    I worked at Newedge full-time for more than a year

    Pros

    Flexible work place, the guy I worked for was a great guy who I loved working for and with.

    Cons

    Very political. Firm was not helpful in career growth. Different groups very segmented and the firm didn't help to promote cross selling.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    poorly executed merger, lots of inefficiencies, maangement isolated for the troups

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

    I worked at Newedge full-time for more than 3 years

    Pros

    Good franchise and market access, if you are a broker with customers who want broad access.
    Good benefits, althought they reduced them over the years. Now part of Societe Generale, which is a good bank. Management is slow and complacent, leaves you a lot of margin before you get canned. You are more likely to lose your job there for reasons unrelated to your performance.

    Cons

    Very frustrating, lots of inefficiencies, terrible management of human ressources. You will see the internal office girlfriends get promoted and paid, very French in essence.
    Lots of compliance issue, the company is regurlarly acting on the border of legality, not out of evil intent, but rather out of plain stupidity

    Advice to ManagementAdvice

    Your self serving nepotic ways have sunk a decent franchise, so my advise would be to stay where you are and finish the job.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Ok

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

    I have been working at Newedge full-time for more than 8 years

    Pros

    great global exposure, good people. A place where it was possible to try but fail, and learn.

    Cons

    Difficult environment.
    Lack of training budget.
    Several years of pay freeze.
    Workload is too heavy.

    Advice to ManagementAdvice

    Decide a direction, then stay the course.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  9.  

    With over 8 years of working at this firm , loyalty was thrown out the widow.

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

    I worked at Newedge full-time for more than 8 years

    Pros

    The employees in the trenches work together well. If you are serious about your job you can do well. The staff that work day to day understand the frustrations in the firm and do the best to overcome them.

    Cons

    Upper management has no idea what is going on within the firm and handcuff its employees at every turn. They are blind to what makes a good company be successful and work well. The company was a better run and more successful when it was Fimat and run buy Stan Jonas and Pierre Wolf. It was better as a small boutique shop.

    Advice to ManagementAdvice

    Treat your employees better and reward loyalty. Listen to their needs. Get back to what made Fimat successful and a great place to work.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Interesting Once a Week

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

    I have been working at Newedge

    Pros

    Great place to work, but not always the most exciting content to work on.

    Cons

    Culture, perks, just a draining atmosphere

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great potential, but lack of training and leadership.

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

    I have been working at Newedge full-time for more than 3 years

    Pros

    The people who are extremely bright and intelligent are a pleasure to work with, and there are certainly a lot of those people here.

    Cons

    Employees seem content with everyday work and the attitude around the office is abysmal. Changes in corporate structure are bringing about a very negative attitude, and a lot of uncertainty for the future is evident.

    Advice to ManagementAdvice

    Management needs to train employees better. The lack of training around several departments is unbelievable. Also, it'd be in management's best interest to hire people who are passionate about what they do rather than hand a huge salary to someone who speaks French.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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