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(Bloomberg) — Societe Generale SA is entering the U.S. commercial-mortgage-backed securities market and has hired a team of more than 10 people from Royal Bank of Scotland Group Plc for the effort.

Wayne Potters, who most recently led RBS’s commercial real-estate group, will head the CMBS group for the French bank, according to an e-mailed statement. Societe Generale said it also hired Adam Ansaldi, who previously oversaw the CMBS distribution and securitization at RBS.

The bank is seeking “to develop asset-backed product capabilities that will take advantage of a trend towards increased securitization to finance the economy at a time when many banks’ capacity to hold assets on their balance sheets is limited,” according to the statement.

The move is part of a global initiative headed in the U.S. by Hatem Mustapha and comes as banks worldwide face stricter capital rules in the wake of the 2008 financial crisis. It also expands on a push by the lender into the market for U.S. government-backed mortgage securities that started in 2013.
Societe Generale’s expansion contrasts with a retreat from U.S. capital markets by foreign banks such as RBS and Barclays Plc. RBS, the U.K.’s biggest government-owned lender, said in November that its securities arm would be exiting U.S. mortgages amid new regulations and a plan to focus on its U.K. consumer and business bank.

Other members of the new Societe Generale group include: Gary Swon, Joey Petras, Chris Kramer, Peter Lewicki, Stewart Whitman, David Goodwin, Jim Barnard, Justin Cappuccino and Marty Black. The team will “engage in the full range of CMBS activities from origination to distribution,” according to the statement.

(Reuters) – Barclays Plc (BARC.L) is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter.

Some junior executives of the bank are set to receive raises in salary and bonuses as high as 40 percent, Bloomberg said.

The plan has led to dissatisfaction among mid-level employees over the narrowing compensation gap with their juniors, according to the report.

Barclays’ overall bonus pool is expected to shrink, Bloomberg reported citing another person familiar with the matter.

The company will announce internally its decisions on pay this week, the report said.

Barclays was not immediately available for comment.

Juniors on the corporate-finance desk at Paris-based BNP Paribas SA (BNPP.PA) may also receive at least 10 percent more in salaries and 5 percent more in bonus, the report said.

Goldman Sachs Group Inc (GS.N), JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N) were all looking to raise salaries by at least 20 percent for 2015, the report said.

European banks, including Barclays, Deutsche Bank, Credit Suisse and UBS AG, typically pay less than their U.S. rivals.

Emolument, a salary benchmarking site, said last month bonuses for advisory and origination staff in London could jump by 25 percent on average, based on data from 360 front office bankers working in London.

Payouts in equities would dip 3-5 percent and in fixed income, currencies and commodities bonuses would fall 5-7 percent, Emolument had said.