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SocGen CEO - bank will have time to adapt if UK votes to quit EU

Reuters - UK Focus

PARIS, May 4 (Reuters) - Societe Generale (Swiss: 519928.SW - news) would have enough time to adapt its operations if Britain votes in a June referendum to leave the European Union, chief executive Frederic Oudea said on Wednesday.

"The process would be long," Oudea said about negotiations in case of a Brexit vote, or vote to quit the EU grouping.

"There will be at least two years of negotiations on possible consequences ... for financial markets," said Oudea.

SocGen (Paris: FR0000130809 - news) was one of the banks that would be least affected by a UK vote to leave EU, as it had operations both in France and Britain.

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"We will be very much capable of adapting to such a possible scenario, which is not the one I prefer," Oudea told journalists during a conference call.

(Reporting by Maya Nikolaeva; Editing by Brian Love)