About Company : Societe General , Bangalore :
Introduction to SG Group
A leading and solid international financial institution
· 143years old
· 120,000employees worldwide in over 124 countries
· 5thlargest eurozone banking Group
· (by market capitalisation)
· 6th largest French company by market capitalisation
· 80billion euros in equity
· RatingsAA (S&P), Aa2 (Moody's), AA (Fitch)
Three complementary core businesses
· Retail Banking and Financial Services
o Société Générale serves more than 22.5 million individual customers worldwide
· Asset Management, Private Banking and Securities Services
o No. 4 in Europe with more than EUR 350 billion assets under management
o One of the largest banks in the euro-zone in terms of assets under custody (over EUR 2262 billion) and under management (EUR 422 billion)
· Corporate and Investment Banking
o 3rd largest corporate and investment bank in the eurozone
o Ranks among the leading banks worldwide in euro capital markets, derivatives and structured finance
Société Générale Global Solution Centre
· SG Software Asia Pvt. Ltd. (SG SAP) set up as a 100% subsidiary of Gene Finance on 18th June 2000
· Re-Branded to Societe Generale Global Solution Centre on 14th March 2006
· Providing solutions across Corporate and Investment Banking, Retail Banking, Specialized Financial Services and Global Investment Management & Services (Asset Management, Private Banking and Securities Services)
· Office Space – Over 1,00,000 sq. ft.
· 100+ Projects Executed
o 200 Million Euro of Projects
o 1500 Man Years of work completed
o 91 Million Euro saved for the SOCIETE GENERALE Group as per Inspection Guidelines
· Employee Strength – 600+
· Provide Strategic Services to the Societe Generale Group
· Diversify the portfolio of services
· Double the current workforce by Dec 08 to achieve Euro 100 Million savings for the bank
Société Générale in India
· Corporate & Investment Banking:
o Present in India since 1978 with a representative office in New Delhi
o First branch opened in Mumbai in 1985 – currently a 2 branch network (Mumbai + New Delhi)
o Extensive range of commercial banking, Derivative and program trading products
o Target clients include select local financial institutions, Indian and multi-national corporates
o Around 70 staff
· SG Asset Management:
o Partnership with India's largest bank
o In 2004, SGAM entered into a partnership with State Bank of India ("SBI"), the country's largest bank, taking a 37% stake in SBI Funds Management, its asset management subsidiary
o SGAM brings expertise in asset allocation, research, product design and risk management to the joint venture
· SG Private Banking
o On-shore operations launched in November 2005
o A team of 40 private bankers based in New Delhi and Mumbai
o Comprehensive and dedicated service offering to high net worth Indian clients globally and in India
· Fimat
o Local brokerage operations started in 2004
· ALD Automotive
o Indian fleet management and vehicle rental business launched in July 2005 with branches in Mumbai, Delhi, Bangalore and Hyderabad
o Around 20 staff