14 February 2023 / Company news

Groupe BPCE becomes shareholder in Scope

Groupe BPCE, one of France’s largest banking groups, has joined the ranks of Scope Group's institutional shareholders, strengthening the position of the leading European provider of independent credit ratings, ESG analysis and fund research.

“A truly European Rating Agency needs the acceptance and backing of the most important European investors and institutions”, says Florian Schoeller, CEO and founder of Scope Group. “Welcoming one of the largest banking groups in Europe as a shareholder in Scope is a vote of confidence from another major capital market institution and proof that Scope is becoming an integral part of the European financial ecosystem.” 

Sylvain Petit, Head of Strategy at Groupe BPCE: "Groupe BPCE has decided to support Scope Group, a European project, because we are convinced that investors and regulators can benefit from a wider diversity of opinions and rating approaches. With methodologies that take European social and economic realities into account, Scope Group enhances the assessment of economic players in Europe.” Read full press release in French

Group BPCE’s investment follows the recent investment by AXA, one of the world’s leading insurers. Scope’s strengthened French shareholder base also reflects the growing relevance of the French market for Scope. Scope Group has reinforced its presence in France in the past five years. The Paris office, led by Marc Lefèvre, is today the largest hub outside Germany. French nationals hold top positions at Scope: Guillaume Jolivet is Chief Analytical Officer, while Inès de Dinechin chairs Scope Group’s Supervisory Board.

On Scope’s shareholder base

Beside BPCE and AXA Scope`s shareholder include several other European financial institutions, such as B&C Beteiligungsmanagement, Foyer, HDI/Talanx, Signal Iduna, SV SparkassenVersicherung, Swiss Mobiliar, as well as Germany’s largest foundation RAG-Stiftung. The anchor shareholders of the Scope Group remain Florian Schoeller and Stefan Quandt (AQTON). More Info

About Groupe BPCE

Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 36 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. More info

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