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SG Private Banking reinforces its senior management team in the Middle East
Monday, November 09, 2009 5:52 AM


(Source: Middle East Company News)trackingSG Private Banking, the wealth management arm of Societe Generale Group, is reinforcing its presence in the Middle East by appointing two new senior managers: Eddy Abramo as Chief Executive Officer of SG Private Banking (Middle East) and Eric Lorentz as Managing Director and Global Market Manager for Arab High and Ultra-High Net Worth clients.

Media Contact:Societe Generale Private Banking (Middle East)Vladka MervovaTel: 971-4-4257641FDManash BhuyanTel: 971-4- 3328832Societe Generale Societe Generale is one of the largest financial services groups in the euro-zone. The Group employs 163,000 people worldwide in three key businesses:- Retail Banking & Financial Services: Societe Generale serves more than 30m individual customers worldwide.- Global Investment Management & Services: Societe Generale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 2 906bn, June 2009) and under management (EUR 333bn, June 2009).- Corporate & Investment Banking: Societe Generale tailors solutions for its clients across sectors by capitalising on its worldwide expertise in investment banking, global finance, and global markets.Societe Generale is included in the socially-responsible investment indexes: FTSE4Good and ASPI.SG Private BankingSG Private Banking, the wealth management arm of Societe Generale, is one of the leading private banks worldwide, with EUR 71bn of assets under management at the end of June 2009.With 2,900 staff in 21 countries across the globe, SG Private Banking offers wealth management solutions to entrepreneurs and High Net Worth Individuals with financial assets in excess of 1m euros. In addition, SG Private Banking provides dedicated solutions to Ultra High Net Worth Individuals and Family Offices around the world, notably through its global alliance with Rockefeller&Co.SG Private Banking's offering includes international wealth planning and fiduciary services (trust and tax planning), a global expertise in structured products, hedge funds, mutual and private equity funds, real estate investment solutions and access to capital markets.In 2009, SG Private Banking was rewarded by Euromoney with the titles of 'Best private bank worldwide and in Western Europe for its offer in structured products' and 'Best Private Bank in Japan and Luxembourg'. Among the top 3 private banks in Europe, it was also named in 2009 'Outstanding Wealth Manager for Family office services' with Rockefeller & Company by Private Banker International.

(c) 2009 Middle East Company News. Provided by ProQuest LLC. All rights Reserved.

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