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Societe Generale launches new private bank in France


Societe Generale is developing its private banking relationship model in France and extending its offer to a larger number of clients. 

The new model combines the expertise of the private bank with the proximity of the retail bank.
It is structured at a local level around:
• A private banker who determines with clients the best solutions for the organisation of their wealth and investments. The private banker carries out a full diagnosis of their wealth and accompanies them over the long term in the management and growth of their assets.
• A client advisor, who is in charge of the day-to-day banking relationship in the client’s usual branch.
• A team of experts composed of wealth planners and investment advisors.
The new organisation enables Societe Generale to extend its private banking offer to all its clients with financial assets of over EUR500,000.
The development is the result of the activities carried out jointly since 2008 between the private bank and Societe Generale’s retail bank in France, which led to opening a shared structure of eight regional private banking centres. Close to 200 new private bankers and experts, located in around 100 Societe Generale branches in 80 towns and cities, will join the existing organisation. 

Societe Generale Private Banking in France continues to be led by Patrick Folléa, who retains his functions as deputy head of Societe Generale Private Banking. 

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