Societe Generale rebrands private banking division following Kleinwort Benson acquisition

Combined business to be called Kleinwort Hambros

Societe Generale has launched Kleinwort Hambros, the new brand name for its private banking business following the acquisition of Kleinwort Benson.

Kleinwort Hambros is the combined businesses of Societe Generale Private Banking Hambros and Kleinwort Benson, which was purchased by Societe Generale in June. The combined wealth management business will have £16bn under management, with offices across the UK, Jersey, Guernsey and Gibraltar. The merger took place in order to consolidate Societe Generale's private banking activities in the UK, Channel Islands and Gibraltar, and the group specifically identified Kleinwort Benson for its shared heritage and values. Eric Barnett, CEO of Kleinwort Hambros, said: "This is another signif...