|Société Générale Group|
|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|
|Products||Retail, corporate and investment banking, investment management|
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.
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. This experiment, dubbed an "internal startup" by SocGen, was one of many the company regularly conducts. 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."
In May 2020 France's central bank announced that it had successfully completed its first test of a blockchain-based digital currency with SocGen, which issued €40 million worth of covered bonds as digital tokens and then settled them in digital euros.
- 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
- SocGen Introduces Crypto to a $2 Trillion Market. Bloomberg.
- INTERNAL STARTUP CALL. Societe Generale.
- France's central bank, Societe Generale 'successfully' test blockchain-based digital euro. The Block.