Société Générale’s head of corporate and investment banking today told the French bank’s investors it will boost cross-selling of equity flow products with Asian and US clients who “we do not cover the way we should” but added that despite investing in parts of the business it has no plans to become a so-called “flow monster” in the highly competitive and low-margin flow sector.

As part of a raft of presentations made by SG's top executives at the bank's investor day in Paris, where it delivered details of its plan to generate growth but cut risk over the period to 2015, Michel Péretié said: "We will deliver solid revenue growth over the economic cycle."