Overview
Revenue
$10+ billion (USD) per year
Competitors
BNP Paribas, Natixis, Calyon Securities USA
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 149,000 members of staff* in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors(1) around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses: - French Retail Banking, which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation. - International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets. - Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions. Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. In 2017, the Group put in place a more agile organisation based on 16 Business Units (business lines, regions) and 9 Service Units (support and control functions) to encourage innovation and synergies, and to better respond to the new requirements and behaviours of its clients. Societe Generale SA attracts deposits and offers commercial, retail, investment, and private banking services. The Bank offers consumer credit, vehicle lease financing, information technology equipment leasing, life and non-life insurance, custodian services, trade and project financing, currency exchange, treasury services, and financial and commodities futures brokerage services. Societe Generale Group - To face the spread of Covid-19, Societe Generale group has been fully engaged all over the world to ensure the continuity of banking services, to protect its staff . Societe Generale is a leading financial services group in Europe. The Group, which was founded in 1864, now has 148,000 employees from 121 different nationalities working in 76 countries around the world. Societe Generale ’s strategy is based on a diversified universal banking model, with three core business : - Retail Banking in France with the Societe Generale branch network, Crédit du Nord, and Boursorama - International Retail banking, financial services and insurance - Corporate and Investment Banking, private banking, asset management and securities services Societe Generale is also a major player in Specialised Financing, Insurance, Private Banking, Global Investment Management & Services: Societe Generale Private Banking, Societe Generale Securities Services, Newedge (JV between Societe Generale and Crédit Agricole CIB) and Amundi (JV with Crédit Agricole SA), Societe Generale Insurance, Societe Generale Consumer Finance, Ald Automotive and Societe Generale Equipment Finance. Frédéric Oudéa has been Chairman and CEO of Societe Generale since 2009. He is assisted by three Deputy CEOs: Séverin Cabannes, Jean-François Sammarcelli and Bernardo Sanchez-Incera. In 2010, the Group launched an extensive corporate transformation programme called Ambition SG 2015, which aims to make Societe Generale "THE relationship-focused bank, a reference in its markets, chosen for the quality and commitment of its teams." Société Générale wants to be top brass in the French banking industry. The bank (more familiarly known as SocGen) commands a three-pronged campaign, with operations in global investment management (including SG Private Banking and majority-owned online brokerage Boursorama); retail banking and specialized financial services, including finance, leasing, and insurance; and corporate and investment banking, focusing on European capital markets, derivatives, and structured finance. In the US, the company controls asset manager The TCW Group. SocGen has about 3,000 branches in France (including its Crédit du Nord division), and some 5,300 locations worldwide.
