Societe Generale announced that the Board of Directors, chaired by Lorenzo Bini Smaghi, approved the propositions presented by Frédéric Oudéa, Chief Executive Officer, on the evolution of the company's management organisation. The aim is to build a renewed General Management team, by the side of the Chief Executive Officer, to be composed of two positions of deputy CEO instead of four with very seasoned profiles, and the creation of new roles of Deputy general manager entrusted to a new generation of high-potential managers. Following Séverin Cabannes's decision to retire in 2021, he will leave his position as Deputy Chief Executive Officer at the end of 2020. Slawomir Krupa, currently Head of Global Banking & Investor Solutions for the Americas, will become Deputy general manager, head of the Global Banking & Investor Solutions activities globally, effective as of January 1, 2021. He will report directly to Frédéric Oudéa. Philippe Aymerich, Deputy Chief Executive Officer, currently in charge notably of French Retail Banking activities, sees his supervision extended to all international retail banking and consumer credit activities, following the departure of Philippe Heim, who leaves his position as Deputy Chief Executive Officer. Sébastien Proto, currently Head of Group Strategy, will become Deputy general manager, head of the Societe Generale and Crédit du Nord networks and the related Innovation, Technology and IT Service Unit, effective as of September 1, 2020. He will report directly to Philippe Aymerich. Diony Lebot, Deputy Chief Executive Officer, will be entrusted, in addition to her current functions of risk and compliance supervision, internal control and sponsor of the Group's Corporate and Environmental Responsibility, with the supervision of the Group's financial services and insurance activities. Finally, William Kadouch-Chassaing, the Group's Chief Financial Officer, is appointed Deputy general manager, head of Finance, reporting directly to Frédéric Oudéa.
Société Générale is one of the largest French banking groups. Net interest income breaks down by activity as follows:
- financing and investment banking (36.8%): specialized financing (for acquisitions, projects, etc.), activity on the stock, interest rate, currency exchange, and raw material markets, brokerage operations, merger-acquisition consulting, commercial banking activities, etc.;
- retail banking in France (30.7%; SG). The group also develops asset management and private banking activities (EUR 143 billion in assets under management in 2023), and provides online banking and online brokerage services (Boursorama Banque) as well as an economic and financial information Website (boursorama.com);
- provision of specialized financial and insurance services (16.5%): consumer loan, leasing, management of car fleets, professional equipment financing and insurance;
- international retail banking (16%).
At the end of 2023, Société Générale managed EUR 533.8 billion in current deposits and EUR 485.4 billion in current credits.
Net interest income is distributed geographically as follows: France (40.2%), Europe (37.4%), the Americas (8.3%), Africa (8%) and Asia/Oceania (6.1%).
SOCIÉTÉ GÉNÉRALE 
