Thibault Charbonneau

At equal distance from the Structured Finance Team and the Market Finance Team, TDA's purpose is to provide clients and SG with solutions to realize tax economies and find liquidity.

The solutions can be:
- to add a tax leverage on an investment,
- to provide the CFOs of Financial Institutions to manage tax positions when they don't have TDA Teams,
- to provide solutions to reduce cost of funds through optimization of intra-group financing among SG.

I have performed different tasks in this position:
- Coordination and execution of the closing of TDA new deals (understanding the deal, verifying the feasibility, the accounting treatment, coordinating with the different departments involved, identifying the covenants to follow-up),
- Coordination of the cash-flows,
- Identification of the operational risks in the new deals,
- Identification of the tax risks

My personal goal is to start my carreer abroad, acquire an international overview of SGCIB's activities and understand the Credit Derivatives.

The BIEN/FIN department is specialized in Leveraged and Acquisition Finance, offering structured finance to Mid Cap clients.

This position allowed me to master Leverage Finance managing the following tasks:
- Writing and analyzing legal documentation,
- Working on new deals by coordinating with the Middle-Office and Back-Office, the legal department and the clients,
- Modeling financial offers for new clients,
- Following-up the covenants attached to each contract.

My personal objectives during this period were to strengthen my knowledge and skills in Corporate finance and work closely with the clients on building up the best financing solutions for their LBO and/or acquisition operations.

The Secondary Market Team is responsible for trading Syndicated Loans on the Secondary Market.

I was able to take over the entire process of physical transfert of the Loans by managing the following tasks:
• Follow up of transfer procedures on loan trading such as back-to-back, purchases and sales, Fund or/and Risk sub-participations Agreements,
• Key function between the different participants: Front and Back offices, risk departments, syndication, lawyers, borrowers and banks,
• Development of the Loan Trading Arbitrage activity,
• Involved in Middle Office reorganization (drawing Workflows, writing Procedures).

This position was my first experience in the Banking industry. My personal goal was to familiarize myself with this new environment and develop a new area of knowledge.