Société Générale

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Société Générale Group
Founded 1864
Headquarters Paris, France
Key People CEO Frédéric Oudéa, Chairman Daniel Bouton
Employees 151,000
Products Retail, corporate and investment banking, investment management
Twitter @SocieteGenerale
LinkedIn Profile
Facebook SocieteGenerale
Website SocGen Home

Société Générale - better known as SocGen - is a diverse, Paris-based global financial services company operating in 82 countries. Like many of its competitors, SocGen was hurt by the 2007 collapse of the U.S. subprime mortgage market.

To read the full article on Société Générale, click on Marketswiki.gif to open a new tab with MarketsWiki.

Cryptocurrency and Blockchain

In May 2019, SocGen completed a trial transaction of €100 million worth of tokenized covered bonds between two internal parties using the Ethereum blockchain. It earned the highest credit rating from Moody's Investor Service and Fitch Ratings, two respected credit rating and risk analysis firms. According to a statement published by SocGen the month before, this experiment was meant to explore "a more efficient process for bond issuance."[1]

Key People

  • Frédéric Oudéa, Chairman and Chief Executive Officer
  • Diony Lebot, Deputy Chief Executive Officer
  • Séverin Cabannes, Deputy CEO
  • Philippe Aymerich, Deputy CEO
  • Philippe Heim, Deputy Chief Executive Officer
  • Caroline Guillaumin, Head of Group Communication
  • Didier Hauguel, International Retail Banking, Russia