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SG Private Banking makes two appointments in Middle East

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SG Private Banking, the wealth management arm of France-based Societe Generale Group, has appointed Eddy Abramo as chief executive of the Middle East and Eric Lorentz as managing director and global market manager for Arab high and ultra high net worth clients.

Abramo (pictured) will be responsible for pursuing the growth strategy of the private bank in the Middle East, through its offices in Bahrain, Abu Dhabi and Dubai. In particular, he will supervise the development of dedicated products and services for Arab and Indian private clients.

Based in United Arab Emirates, Lorentz will lead and coordinate SG Private Banking’s worldwide marketing activities for the Arab clients of its offices in Europe and the Middle East.

Abramo joined Societe Generale Group in 1997 as a discretionary portfolio manager for SG Private Banking in Paris and remained in this position until 2002, when he joined Societe Generale Asset Management, where he was responsible for creating a discretionary management product offering. In 2006, he returned to SG Private Banking as global head of the hedge fund advisors center of expertise.

Lorentz started his career in 1985 in Citibank Bahrain as a foreign exchange trader before running several of the bank’s treasury operations in Africa. In 1992, he joined Citibank Private Bank in New York where he assumed responsibility for its Swiss, French and Benelux clients before moving to JP Morgan in 1994. Starting in 2001, Lorentz led the development of Barclay’s private banking business in the Middle East supervising the London, Geneva and Dubai teams. He then turned to the Gulf in 2006 to establish several wealth management initiatives in Qatar and Saudi Arabia.

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