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Société Générale in India

Société Générale has its presence in India since 1978, offering a range of financial products to the Indian market.

Alain Pfeiffer - Chief Executive & Group Country Head - India


Alain Pfeiffer
Chief Executive & Group Country Head - India


"There are many reasons why the Indian market represents a strong and indisputable potential for the Société Générale Group both on a business development and on a resources/talent pool standpoint.
       
The high economic growth rate in India is expected to be sustained overtime on account of several factors: Growth in per capita income, Increase in personal disposable income, Higher consumption and private investment demand, Acceleration of physical and social Infrastructure development, Gradual reforms, the growing importance of  an Indian middle class which is key target of our business model, and last but not least a growing pool of educated and talented manpower.

India’s sustained economy, supported by favourable macroeconomic factors has resulted in a boom in the Indian financial services industry with an increase in credit demand and in the overall investment basket.

On the back of such potential, our Group, which has been present in India since 1978, has recently increased its Indian ambitions and accelerated its growth with the development of seven new business activities over the past 3-4 years to reach a total of eleven different activities.

Our ambition is to build a universal bank presence and Société Générale will continue to closely monitor local regulatory and economic developments which might open the door for the development of more new business activities. The strength  of Indo-French relationship is also conducive for growth of  Societe Generale in India.

As Chief Executive and Group Country Head for India, I wish to thank you for your interest in the Société Générale Group. With a young labor force, India represents a huge talent pool for our Group, which is now operating in 82 countries and we intend to offer career opportunities that are stimulating, demanding and rewarding for those who join our Group.

I encourage you to inquire about our exciting career opportunities in our “Applying” section."

The bank’s businesses in India are: International Retail Banking, Société Générale Corporate and Investment Banking (Including SG Asia Holdings), Asset Management joint venture with State Bank of India (SBI), Private Banking, ALD Automotive, Family Credit, Life Insurance joint venture with Indiabulls, Securities Services joint venture with SBI, Société Générale Global Solution Centre and joint venture with Calyon named Newedge. The staff strength in India has exceeded 2,000.

SBI Custodial Services, the joint venture between Société Générale Securities Services (SGSS) and SBI
• This entity is launching Custody and Fund Administration services in India.

Life Insurance joint venture between Sogecap (The Group Life Insurance Subsidiary) and Indiabulls
• This entity is at the start-up stage and is going through regulatory approval process (has applied for license).
• It will be a part of the Insurance Business Line (Specialized Financial Services) in Société  Générale.
• It will provide a broad range of life insurance products:

- Unit Linked Life Insurance Plans (ULIP).
- Traditional endowment.
- Pension.
- Term Life.
- Credit Life.

• It will be headquartered in Mumbai and will distribute its products through 3 main distribution networks with national reach:
- Indiabulls Financial Services Limited.
- Tied insurance agents appointed by the company.
- Other corporate agents and brokers.