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The board of directors of Societe Generale met under the leadership of Lorenzo Bini Smaghi and adopted the group's long-term strategy and financial goals for 2026. 

The primary goal of the Societe Generale approach is to improve the bank’s financial profile by 2026 which will allow it to be sustainable. 

Capital accumulation will be a top objective in order to improve the group’s agility and long-term viability. 

A sustainable future for Societe Generale 

The strategy for a sustainable future is narrowly focused on two goals: to be a solidified bank and to support efficient enterprises. 

In order to pursue sustainable development through a solution-driven expert consulting and financing, the organisation will profit from the solid foundation of its franchises on megatrends. 

It aims to create a streamlined, united, and synergistic business strategy, bringing businesses closer together and fostering cross-selling, with customers at the focal point of the value generation process. 

TS Imagine has introduced WealthSmart, an integrated platform designed for private banks and wealth managers. 

WealthSmart, built in collaboration with Swiss private banks and available worldwide, provides a full suite of capabilities, including trading, risk management, and data. 

It solves common user issues such as workflow efficiency, security, higher client demands, and data reliability. 

Furthermore, WealthSmart enables rapid client onboarding and advisory services, providing customers with a competitive advantage. 

B2B wealthtech platform for fund management Allfunds has announced that asset manager BlackRock has joined the Allfunds Private Partners programme (APP). Launched in July 2023, the APP initiative focuses on better supporting client access to private market funds, providing asset managers like BlackRock with a unique opportunity to make their products available to Allfunds’ distribution network. 

Furthermore, BlackRock will be able to widen access to its private markets offering to clients across EMEA and APAC, whilst also improving services for existing clients. In addition, the combination of Allfunds’ technology and BlackRock’s investment expertise will streamline the struggles faced by wealth managers wanting to distribute private market investments to clients. 

To further solidify its position in Israel, EFG International announced the launch of a financial service office, as well as the formation of a local subsidiary called EFG Wealth Management (Israel). 

Additionally, Joseph Wolf, has been named CEO of EFG Wealth Management (Israel), who will report to Franco Polloni, head of EFG’s Switzerland & Italy region. 

EFG has opened a new financial service office in Tel Aviv to expand its presence in the Israeli market and provide investment marketing services to clients in the region. 

The office, which has been operational since 10 September 2023, aims to take advantage of the wealth management opportunities in the market by utilising its local knowledge and investment expertise. 

Wolf will be collaborating with Michael Dadoun who has been hired as head of private banking Israel at EFG. 

In collaboration with FNZ, the global wealth management platform, Nokkel, a house wealth and fintech platform, provides research on the UK's financial advisers' increasing interest in house wealth, conducted by the lang cat. 

For example, the research from FNZ and Nokkel found that 93% of UK financial advisers believe property wealth should be incorporated into financial planning, particularly in the context of retirement income planning. 

These financial planning insights into adviser attitudes towards property, or housing wealth, come amid a worrying rise in retirees who don’t have enough money saved. 

In its 2021 research, What is an acceptable retirement income?, the Pensions Policy Institute reported that five million people were approaching retirement without having an adequate pension. 

Since then, the UK’s cost-of-living issue and rising interest rates have made this worse.