{
  "id": 9113298,
  "title": "SocGen targets strong prime brokerage growth",
  "url": "https://urgent.news/2026/09/22/socgen-targets-strong-prime-brokerage-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T08:36:05.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/socgen-targets-strong-prime-brokerage-growth/"
  },
  "original_language": "en",
  "account": "Societe Generale (SocGen) is set to significantly broaden its prime brokerage operations, according to Bloomberg. CEO Slawomir Krupa aims to bolster the French bank's capital markets activities and enhance ties with hedge funds and asset managers. The bank intends to increase client balances, which currently stand at approximately $210 billion. This expansion is part of a broader plan unveiled by Krupa, which combines cost-cutting measures with revenue growth. SocGen is targeting a 3% annual revenue increase over the next few years to boost profitability. Recently, the bank introduced cash prime brokerage for equities, expanding its service offerings. This move comes as banks vie for the business of hedge funds and other institutional investors seeking various financial services. SocGen's goal is to strengthen its presence among hedge funds and asset managers while developing its prime brokerage franchise further. The bank is also looking to expand its fixed-income and credit businesses, including derivatives, financing, and credit. The push is driven by the need to enhance areas of its markets business that have faced pressure from larger rivals. At the US level, SocGen is bolstering its advisory capabilities for equity and debt issuance and exploring opportunities to provide financing for data-center projects. For hedge funds, the expansion of prime brokerage could bolster SocGen's role as a provider of leverage, financing, and other services as alternative investment managers seek to diversify their banking relationships.",
  "summary": "Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's strategy to strengthen the French bank's capital markets operations and deepen relationships with hedge funds and asset managers, according to a report by Bloomberg.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}