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Societe Generale Private Banking Hambors looks to expand business

  • By: Viola Caon
  • 27 Jan 2014
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Societe Generale Private Banking Hambros (SGPB Hambros), the UK wealth management arm of Societe Generale Private Banking is implementing its commercial strategy to strengthen and expand its business in 2014, in particular through a new recruitment plan.

Demonstrating SGPB Hambros' strong continued commitment to the wealth management markets in the UK, the Channel Islands and Gibraltar, the new strategy will involve the recruitment of new private bankers, a wider range of services and products for the benefit of existing and prospective clients and greater synergies with the Societe Generale Group, notably by increasing client access to its investment banking expertise.

The recruitment drive is already underway, the bank said, with 16 new client relationship managers recently hired. This includes eight managers across SGPB Hambros' regional offices - both offshore and onshore - reinforcing the bank's commitment to providing support and services to clients across the regions.

New growth mechanisms are also being implemented, with the reorganisation of the London-based Russian team into a wider international team focusing on Russian and Commonwealth Independent States (CIS) clients, and a further 12 client relationship managers and 5 investment and support staff to be recruited in 2014.

This strategy follows the appointment of Christophe Billard, Group Commercial Director of SGPB Hambros, in February 2013, who has set out the roadmap for the commercial growth.

Commenting on the strategy and expansion, Eric Barnett, Group CEO of SGPB Hambros says: "The new strategy underlines that our clients remain the focus of our attention, ensuring that we continue to develop services and products which reflect their different needs and making sure we respond to their specific requirements. Our successful recruitment drive shows how well regarded our bank is within the UK market.

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