Société Générale: appointment of Isabelle Martinon
January 16, 2024 at 07:37 am EST
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The Group announces the appointment of Isabelle Martinon as Director of SG SMC and SG Société Générale in Corsica, effective April 1, 2024.
Based in Marseille, Isabelle Martinon will be SG's representative to the various regional, economic, social and administrative bodies within her remit, and will define the bank's major orientations at regional level and the means to implement them.
' In her new role, Isabelle Martinon, surrounded by her teams, aims to provide the best possible service to individual, professional and corporate customers in all the departments she covers, and to support the economic development of the regions she will oversee', says the group.
SG SMC is the regional arm of the SG bank, covering the Alpes-de-Haute-Provence, Alpes Maritimes, Bouches-du-Rhône, Hautes-Alpes, Var and Vaucluse departments. SG Société Générale en Corse covers the departments of Haute-Corse and Corse-du-Sud.
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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%).