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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: Société Générale Corporate and Investment Banking, Asset Management jointventure with State Bank of India (SBI), Private Banking, ALD Automotive, SG Asia Holdings, Family Credit, Life Insurance jointventure with Indiabulls, Securities Services jointventure with SBI, and Société Générale Global Solution Centre. The staff strength in India has exceeded 2000.

Securities Services jointventure with SBI
• This entity will offer Custody and Fund Administration services . It is still at the set-up stage, and the start of operations is expected by early 2009.

Life Insurance jointventure between Sogecap ( The Group Life Insurance Subsidiary) and Indiabulls
• This entity is at the start-up stage and is going though 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.