Frankfurt, April 29, 2021

IT Frankfurt successfully supported the transition of Commerzbank’s derivatives division to Societe Generale in 2020. The complex implementation and seamless integration of the state-of-the-art issuing automation platform is now a key cornerstone to Societe Generale winning the Golden Bull for “Certificate House of the Year” in 2021.

The successful transfer of the business units and IT systems of Commerzbank’s derivatives division to Societe Generale has been completed in May 2020, bringing Societe Generale to full strength and thus forging a new powerhouse into the derivatives market. Apart from the transition of business units and processes, the transaction has also been defined by the complex IT project that substantially took off in early 2019. After the successful merger of the derivatives business and the associated IT system migration, Societe Generale has promptly been rewarded by winning the Golden Bull as “Certificate House of the Year” in 2021.

IT Frankfurt has been a decisive factor throughout this journey as systems integrator and developer of the automated manufacturing, issuing and lifecycle management solution. This software solution spans the process from product proposal generation to the final submission of product data to market data providers and exchanges. More than 50 experts of IT Frankfurt were involved in the migration project.

“I’d like to thank IT Frankfurt for their contribution to the successful migration.”, says Stefan Schlickmann, Division Head at Societe Generale, adding, “I appreciate especially the combination of technical and business knowledge, the flexibility shown by the company and the unbelievable high motivation of the staff supporting complex project work with tough timelines. This support was key for the project’s success.”

Karsten Schumann, Managing Director at IT Frankfurt, said, “To be elected the top issuer less than one year after the integration is an incredible achievement for Societe Generale and manifests the success of the migration. It further shows the continuity of the team at Societe Generale and the reliability of the migrated IT platform. We are honoured to be part of this venture as a software partner and will continue to innovate.”

Frankfurt, May 27, 2020

IT FRANKFURT PROJECT SUMMARY – Major IT PROJECT TO TRANSFER COMMERZBANK Equity Markets & Commodities (EMC) UNIT to Societe Generale

In 2018 Commerzbank and Societe Generale signed a Business Purchase Agreement for Commerzbank’s Equity Markets & Commodities business (EMC). The EMC business comprises manufacturing and market making of flow and structured products as well as part of Commerzbank’s asset management activities including the exchange-traded funds (ETF) franchise.

In the gradual transfer of the various activities of the EMC business, a major milestone was the transfer of the flow products Public Distribution business on March 30, 2020. With the final transfer of the ETF market making, the successful transfer of the business units and IT systems was completed on May 13.

Beside the large and complex transfer of the business units, the transaction was above all an IT project that substantially took-off early 2019.

IT Frankfurt GmbH (ITF) was involved as the major contractor in the project to transfer, adopt and integrate four software systems that enable the automated manufacturing, issuing and publication of flow products and their lifecycle data management. Further, a completely new software system was implemented to manage the submission of product data to market data providers and exchanges.

At peak time more than 50 experts from ITF were involved in the project. ITF has proven to be a reliable partner to Commerzbank in delivering tailor made and robust software solutions and was the first choice for Societe Generale to support in the transaction.