Societe Generale signs partnership for savings and investment solutions

They signed their first commercial distribution agreements in 2009

Societe Generale

Societe Generale signs partnership for savings and investment solutions. Source: shutterstock.com

Societe Generale and Amundi have signed a new 5-year partnership agreement. In fact, they will continue to develop their relationship in the investment solution distribution and securities services activities.

According to information, the agreement will take effect from November 2020.

Amundi is a European asset manager that will continue to operate as Societe Generale group’s primary partner. It will supply savings and investment solutions for the bank’s retail banking and insurance networks.

At the same time, Societe Generale will continue to be a leading supplier of securities services for Amundi.

This partnership heralds a new stage in our strategy around the supply of investment solutions as we work to create open architecture solutions that our retail networks can offer our clients, while also allowing them access to best-in-class management expertise in France and internationally, and meet their growing demand for socially responsible investment. The provision of responsible and innovative financial solutions is central to our corporate purpose. Amundi, the leading asset manager in Europe, which Societe Generale helped to create, will be an essential partner of the value proposal we aim to establish for our clients. Moreover, we will continue to support Amundi in their international development through our comprehensive and flexible range of Securities Services solutions
Frédéric Oudéa, Chief Executive Officer of Societe Generale

We’ve reported that Societe Generale has announced the acquisition of French-based startup Shine for nearly €100 million.

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