FirstEnergy Capital Announces Conclusion of Strategic Partnership with Societe Generale - WFXG FOX54 Augusta - Your News One Hour Earlier

FirstEnergy Capital Announces Conclusion of Strategic Partnership with Societe Generale

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SOURCE FirstEnergy Capital Corporation

CALGARY, Sept. 2, 2014 /CNW/ - FirstEnergy Capital ("FirstEnergy") announces today that the company has concluded its partnership with Societe Generale under which the two companies jointly marketed energy focused financial services in Canada since November 2005.

"Societe Generale has been a valued partner for the past nine years and it has been a pleasure working with them." said John Chambers, Chief Executive Officer of FirstEnergy.  "As a global banking partner, Societe Generale exhibited exceptional depth of knowledge in energy commodities and banking.  However, our businesses have been moving in different directions over the past few years and we have come to the mutual conclusion that our goals are best achieved independently."

The conclusion of the partnership is effective August 29th, 2014.  Jim Davidson, Executive Chairman of FirstEnergy stated "We are excited and re-energized by the prospect of once again being 100% employee owned, and actively providing full service energy-focused investment banking services from our offices in both Calgary and London."

About FirstEnergy Capital

FirstEnergy Capital is Canada's leading energy-focused investment bank, with over 100 employees providing full service investment banking to clients globally from its offices in Calgary, Canada and London, England.

FirstEnergy Capital Corp. is a Member of the Canadian Investor Protection Fund and IIROC.

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