Societe Generale Announces New Phase In The Transformation and Appoints New Chief Financial Officer

Societe Generale announced that it is entering a new phase of its Ambition SG 2015 program to reinforce its universal banking model. The Group thus plans to reinforce its organization by further refocusing on its core businesses and simplifying its operating structures and methods. The new organizational structure will stand on the three core businesses: a French Retail Banking pillar, which covers the current scope (Societe Generale’s French Network, Credit du Nord, Boursorama); a new International Retail Banking and Financial Services pillar created by the combination of International Networks and Specialized Financial Services and Insurance; and a new pillar encompassing Corporate & Investment Banking and Private Banking, Global Investment Management Services. In addition to that, the Company announced that Mr. Philippe Heim has been appointed Group Chief Financial Officer as of March 1, 2013.