Bringing you live news and features since 2006 

SG Private Banking makes two appointments in Middle East


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.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by