Infotech

Societe Generale customers will soon have access to financial products other than those of Amundi



Posted on Dec. 2020 at 18:24Updated Dec 3, 2019 2020 at 18:58

Societe Generale emancipates itself from Amundi for its financial products intended for individuals. The agreement signed in August with the asset management subsidiary of Crédit Agricole, in force since last month, provided for the bank to be opened up to other providers, in addition to the giant to 1.600 billion euros. ‘In progress. This will be done soon.

From the first quarter of 2021, the bank will operate in “open architecture. In other words, it will offer in its network – in particular for its life insurance products – other funds than those of Amundi, its former joint management company with Crédit Agricole. “We will be the only banking network to operate fully in an open architecture for both individual and private banking customers”, indicates a spokesperson for the group. Currently, the private bank but also the Crédit du Nord network and Boursorama already offer a diversified offer.

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