Société Générale Private Banking
SG Private Banking, Société Générale Group’s wealth management business line, currently ranks amongst the world's leading players in its sector. Present in 23 countries and primarily in Europe and Asia, it employs more than 2 900 staff and had € 66.9 billion in assets under management at December 31, 2008.
To successfully build up lasting relations with customers, private banking institutions need to reconcile today's changing environment and its impact on investments with the longer term priorities of clients when it comes to optimizing and passing on their individual estates. SG Private Banking has long anticipated this need, focusing on developing individual, lasting and responsible relationships of trust with its clients.
Société Générale's Private Banking arm consistently applies a strict KYC (Know Your Customer) policy to client and transaction alike:
- in-depth knowledge of the financial objectives of a client as well as of the nature of and grounds for their transactions,
- particular attention to the final economic beneficiary and the financial rationale behind operations.
To uphold this policy, the bank systematically calls upon whatever legal or fiscal expertise is required, whether internally or externally.
Primary objective : to prevent the risk of money laundering or other crimes or offences. All Société Générale entities are required to follow Group procedure wherever they are in the world, particularly in those instances where they are more restrictive than local legislation.
