Posted on November 27, 2022, 2:00 pm
Societe Generale takes action! The bank decided to boost its brokerage and research (investor advice) activities in the stock market. The effect of volume is essential in this business, which is notoriously unprofitable – not risky – but essential within the scope of customer services and often a source of new business relationships.
Following the contacts made a year ago by Slomer Krupa, Deputy General Manager and future President of the Group, Societe General It will merge its activities in this area (cash equities, excluding derivatives) with those of the United States Alliance BernsteinIts main activity is asset management.