Over the past decade, private markets investors have benefitted from a Goldilocks scenario that has its roots in the global financial crisis and Madoff saga. But since last year, this has been countered by three headwinds: inflation, higher interest rates and geopolitical uncertainty. However, we believe that the long-term prospects for private capital remain...

Long holding centre stage due to work conducted to increase user autonomy, the digital transformation* is now entering a maturity phase, where, far from the “wow” factors of the early days, now the search for long-term value takes precedence and guides the efforts made.

Over the past decade, the asset management industry experienced rapid growth, largely due to equity markets. The S&P 500* averaged a 10% annualised return over the past 90 years, ~7.5% (2001-21) and ~16.5% (2011-21). In the ten years ending 2022, inclusive of last year’s challenges, the index averaged 12.7%, almost 30% above the 90-year trend.**

It was Winston Churchill who said: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” I used to be firmly in the optimist category. Problem? Face it head on! Something wrong with the system? Change it from the inside! But what has been achieved so far when it comes to sustainable development? I am...

A month and a half on from the banking stress triggered by the failure of two US banks and the difficulties encountered by Credit Suisse, the markets appear to have calmed down after the First Republic case was resolved with its acquisition by JP Morgan.

Societe Generale Securities Services Ian Duffy and Michael Clifford explain how Irish investment limited partnerships herald new opportunities for private equity managers.

The global economy relies on efficient, open and resilient markets to effectively allocate capital and stimulate innovation, productivity and growth. The private sector is indeed essential to global prosperity: across OECD countries, over 80% of workers are employed by the private sector*, and businesses contribute 72% of GDP**.

After three fruitful editions, I am delighted to introduce the fourth European Investor Summit, an event that has now become a landmark in the European investment world. Each year I am pleased to see familiar faces and to welcome some new ones to this annual meeting of the key actors of the Investment Industry.

Feedback from the 2023 SAFe Summit, held in Prague on 16 and 17 May. Including technical presentations and client testimonials, the SAFe Summit provides insight into how companies like Societe Generale use frameworks such as SAFe® (Scaled Agile Framework) to thrive in a changing world by practising agility. Emmanuel Dumont, Head of the Group Agile Centre...

In 2022, the financial sector and investors faced several challenges even as the fossil fuel and defence sectors recorded excellent results. Despite this, ESG investments* remain a key factor in achieving sustainable development goals.

"Training is the prerequisite for action", reads an open letter to French President Emmanuel Macron sent by 17 prominent civil society figures including climate and energy expert Jean-Marc Jancovici. An open letter demanding that members of the French government be educated on the climate issue.

It is becoming clear that ESG is not sufficient to assess the true impact of companies. However, it is possible to go beyond the ESG model, thanks to the larger volume of data collected within the framework of impact analysis.

The implementation of SRD2 resulted in the replacement of the former shareholder identification process (known as “TPI”) by the “SRD2” process at the end of 2021 with a national regulatory framework that broadens the scope of eligible instruments. However, this enlargement could come up against other national provisions in some countries, such as bank secrecy.

Continuing the implementation of its Capital Markets Union, the European Commission in 2021 proposed a new set of measures aimed at improving “the ability of companies to raise capital across the EU and ensure that Europeans get the best deals for their savings and investments”*. In addition to the amendment of existing texts, the principle of a single access...

6 months after being validated by the ECON* committee of the European Parliament, MICA**, the long-awaited text on the regulation of new digital assets (crypto-currencies, utility tokens, stable coins, etc.) has finally been adopted on April 20, 2023 in plenary session of Parliament.