SocGen PB Hambros launches advisory division
Societe Generale Private Banking Hambros (SGPB Hambros), the UK wealth management arm of Societe Generale Private Banking, has launched its new advisory division with nine hires.
The division, which is made up of 12 professionals and includes nine new hires, has been created to provide support to private bankers advising clients on their investment decisions.
Based in the UK, Gibraltar and Channel Islands, the division is headed by Jeremie Vuillard, group head of Advisory, who is based in London.
The new team will advise both on general and specialist areas, for instance on strategic asset allocation (following a detailed diagnosis of the client’s overall financial situation), equities, bonds, structured products, funds and other asset classes.
Each advisor will be assigned to a team of private bankers, giving them enhanced and optimised access to every aspect of the bank’s investment offering.
This expansion is integral to SGPB Hambros’ ongoing commercial strategic plan, which was launched last year. The plan sets out a roadmap for commercial growth and aims to further improve the client experience as well as staff responsiveness to client demands.
Commenting on the strategy and expansion, Eric Barnett, CEO of SGPB Hambros, says:
“The new advisory division demonstrates our ongoing commitment to place clients at the centre of the business. The new hires, who between them speak French, Arabic and Russian, will ensure that we continue to meet the specific needs of our domestic and international clients.
Further to our expansion plan, by summer 2014 we will be adding two new recruits who will form the product marketing team and will be solely responsible for designing investment proposals. Meanwhile, the new advisory team will be further strengthened with additional UK domestic advisors in the coming weeks”.
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