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SocGen's heads of Asia trade finance depart after bunker fuel losses

SocGen's heads of Asia trade finance depart after bunker fuel lossesSINGAPORE/PARIS (Reuters) - Societe Generale's regional heads of trade and commodities finance for Asia Pacific have left the Paris-based bank, raising concerns among Singapore-based shipping fuel traders that it may wind back financing services to the sector. France's third-biggest listed lender said this year it would shrink or exit some businesses to cut costs at its investment banking unit, and has been hit by losses from trade financing in the Singapore bunker fuel market. Societe Generale, or SocGen, confirmed on Thursday that Damien de Rosny and Timothy Siow had left the bank, without providing further details.


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