India, March 17 -- Societe Generale (SCGLY.PK,SCGLF.PK,GLE.PA), a major French financial service provider, said on Tuesday that it has inked a memorandum of understanding with Credit Mutuel Arkea to sell Societe Generale Securities Services' custody account-keeping delegation activity dedicated to the French retail banking segment.
This activity covers the management of securities transactions, interest and dividend payments, and the holding of positions in securities accounts and equity savings plans.
Arnaud Jacquemin, Head of Societe Generale Securities Services, said: "This proposed divestment is fully in line with our SGSS strategy, and we are convinced that Credit Mutuel Arkea will be the best shareholder to foster the development of ...