SocGen reboots Asia banking

Structuring equity and infrastructure exposures for Asian banks and institutional investors underpins Société Générale’s RoE goals.
Philippe Heim, SocGen CFO
Philippe Heim, SocGen CFO

Société Générale has capital to allocate to business growth and is keen to increase its loan book for Asian bank and investor clients, said Philippe Heim, the bank's Paris-based chief financial officer.

He said increasing SocGen’s corporate and investment banking CIB activity in Asia is an important part of the executive committee’s goal to achieve a 10% return on equity for shareholders, up from the 8.3% RoE achieved in fiscal 2013.

Many banks were humbled in the wake of the financial crisis and Heim acknowledged that SocGen is a “mid-sized” global financial institution.

“We are not in the same league in...

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