Leave La France, volume two

With news emerging that SG has closed offices in the Philippines, Malaysia and Indonesia, serious doubt is being cast over the firm's commitment to Asian equities. Following fellow French institution, Indosuez WI Carr's departure, speculation is mounting as to whether SG Securities has any appetite left for Asian equities.FinanceAsia hears from a good source that SG Securities has reduced its corp of analysts from 78 to 35, and that the whole department is in disarray.In situations li…