Societe Generale Luxembourg at a glance
Societe Generale Luxembourg, a wholly-owned subsidiary of Societe Generale
As a key player in an international financial marketplace, we have developed the expertise of a multi-specialist bank located in the very heart of Europe.
Present since 1893, we are the oldest foreign banking institution in the Grand Duchy. Since we first opened our doors, we have contributed to the development of Luxembourg’s industry and have thus been able to play a role in the emergence of the financial marketplace. Drawing on our considerable experience, we have developed all the capabilities of a multi-specialist bank, offering services to business customers, institutional investors (Securities Services) and high net worth individuals (Private Banking) via our highly active trading room.
Thanks to the expertise and commitment of our teams, we can pursue our policy of commercial development across our business line.
In harmony with Societe Generale Group, which ambition is to be the relationship-focused bank, we continued our initiatives to enhance customer satisfaction improve human resources management and automate processes. We benefit from the same Standard & Poor’s rating as Societe Generale (short term: A-1 and long term: A with a stable outlook) owing to our important role within the Societe Generale Group and our financial solidity.
The Societe Generale International Private Banking (BPI) activity is primarily present in Luxembourg, Switzerland and Monaco, with representative offices in Italy and Germany. It offers global financial engineering and wealth management solutions, in addition to global expertise in structured products, hedge funds, mutual funds, private equity funds, life insurance and real estate investment solutions. It also offers customer broad access to capital markets. The expertise of Societe Generale International Private Banking’s teams contributes to the strong recognition of Societe Generale Group in the private banking industry: in 2019, Societe Generale Private Banking was elected «Best Private Bank» for its digital advisory service proposal in Europe at the PWM Wealth Tech Awards, «Best Wealth Engineering Team and Best Credit Provider» by Wealth Briefing, «Best Private Bank» for its «Next Generations» offer by Private Banker International, and «Best Private Bank for Entrepreneurs in Western Europe» by Global Finance.
Our trading room is particularly active in providing services to business customers, institutional investors and private clients. It houses part of the MarKet Solutions centre of expertise used by all Societe Generale Private Banking entities worldwide.
The Corporate Banking and Cash Management team in Luxembourg is servicing domestic and international clients, and particularly financial institutions, medium and large corporates with international and multinational activities that require flow management assistance for their banking, commercial, corporate flows and/or payment flow assistance. The business line offers a full and integrated range of solutions and services, leveraging the expertise of the Societe Generale Group’s global Transaction Banking business lines ; specifically, it covers five activities:
- cash management;
- short & medium term financing;
- financial & commercial guarantees issuance;
- foreign exchange services and interest rate hedging;
- financial assets custody.
Expertise and performances of the Corporate Banking and Cash Management in Luxembourg contributes to Societe Generale Group’s industry recognition: in 2019, Societe Generale Group was named “Distinguished Provider of Transaction Banking Services” for its correspondent banking services by FImetrix, and “Best Factoring Services in EMEA, Europe and Africa”, as well as “Best Transactional Bank for Financial Institutions in Europe, Central and Eastern Europe and Africa” by EMEA Finance.
Within the Global Markets Business Unit, the Issuing activity in Luxembourg is performed by SG Issuer (SGIS) as well as through the “SOGEIS” framework based on Luxembourg’s fiduciary legal framework and provides international investors with access to the entire range of financial engineering services (Asset and Liability Management – portfolio management, securitisation, risk policy management and Capital Management – strategic management of shareholdings, equity-linked products, and employee savings plans). SGIS issues both secured and unsecured notes through private placements or public offerings. SOGEIS only issues secured notes. The securities issued by SG Issuer or by SG Luxembourg via SOGEIS are fully backed by a guarantee from the Societe Generale Group.
The Securities Services business (SGSS) in Luxembourg offers a comprehensive and complete range of Assets and Securities services to Corporate and Financial Institutions as well as Institutional Investors, including:
- custody and depository bank activities, covering all asset classes;
- fund administration services for investment managers on all asset classes including complex financial products;
- private asset services for alternative investment managers covering real estate, private equity and infrastructure funds;
- issuer services, including issuing and paying agency services to large international corporate bond programs;
- transfer agent activities, providing a comprehensive array of services to support fund distribution;
- middle office and trade execution services.
SGSS in Luxembourg is one of the largest Securities Services provider given the size of its global activity and contributes to the development of SGSS as a leader in the industry and the second largest European provider.