Societe Generale and its subsidiary SG Kleinwort Hambros have created a UK-based team to offer private banking services and expertise for French Nexus clients.
French Nexus clients are those that have a financial interest in both the UK and France, or French-speaking parts of Europe. There are an estimated 250,000 French nationals living in the UK and 139,000 British citizens living in France.
The newly formed French Nexus team will be led by Gwenolé Le Blevennec and will consist of private bankers Jeremy de Lagarde, Laure Gazzolo, Jerome Giet, Jean Olivari, Cécile Viera and Jenny Willison.
In addition to private banking services, the French Nexus business in partnership with Societe Generale can offer clients a range of services, including property, wine investments and vineyard banking, art, lifestyle interests and passion investing. Clients will also be able to receive verbal investment services in French or English as desired.
Olivier Paccalin, deputy head of Societe Generale Private Banking, said: “As part of the dynamic expansion of Societe Generale Private Banking throughout Europe, this represents an important step for our business and an opportunity to better serve our clients, while exceeding their expectations. By addressing one of the largest private banking markets in the world, we will capitalise on growing interest in French and British property, assets and investment.”
Derek Hammond, head of private banking and commercial director at SG Kleinwort Hambros, added: “Our objective is to help clients simplify their financial challenges by helping them manage their wealth and interests based between the UK, France and further abroad. As part of Societe Generale Private Banking, we have brought together the very best people, expertise and service for our French Nexus clients.”
This comes several weeks after Mouhammed Choukeir, chief executive at SG Kleinwort Hambros, told International Adviser that the firm is looking to focus on three target segments which are entrepreneurs, French Nexus, and external asset managers.
