PRESS RELATIONS
LAETITIA MAUREL
+33(0)1 42 13 88 68
ANTOINE LHERITIER
+33(0)1 42 13 68 99
Antoine
London, 7 June 2016
SOCIETE GENERALE FIN
ALISES THE ACQUISITI
THE ODDO GROUP
Societe Generale today
confirms the
Kleinwort Benson Channel Islands Holdings Limited
The newly-
acquired businesses will
Hambros (SGPB Hambros), planned for early 2017
independent entities within Societe Generale group.
Eric Barnett, CEO of SGPB Hambros, is appointed CEO of Kleinwort Benson
replacing Martha Boeckenfeld
who
completion of this transaction.
One of
developing cooperation between the two
regulatory approval, he
will be proposed as CEO
Jean-
Francois Mazaud, Head of Societe Generale Private Banking, said:
the development of our private banking franchise, bringing together two of the most recognised names
in wealth management,
with shared values and
“
Kleinwort Benson has undergone a significant transformation in recent years
congratulate Martha Boec
kenfeld and her team for this achievement
The acquisition
of Kleinwort Benson
its core markets of Europe, the Middle East and Africa, and is aligned with its
relationship-
focused private bank of reference.
T
he combined SGPB Hambros and Kleinwort Benson business will
assets under management.
The transaction
has been approved by the relevant regulatory authorities.
significant financial impact on the So
ANTOINE LHERITIER
+33(0)1 42 13 68 99
ASTRID FOULD-BACQUART
+33(0)1 56 37 67 95
@societegenerale
SOCIETE GENERALE
COMM/PRS
75886 PARIS CEDEX 18
SOCIETEGENERALE.COM
A FRENCH CORPORATION WITH SHARE CAPITAL OF
EUR 1 009 380
011,25
552 120
222 RCS PARIS
ALISES THE ACQUISITI
ON OF KLEINWORT BENS
confirms the
closing of the acquisition of
Kleinwort Benson
Kleinwort Benson Channel Islands Holdings Limited
from Oddo & Cie.
acquired businesses will
be fully integrated
with Societe Generale Private Banking
Hambros (SGPB Hambros), planned for early 2017
. Until full int
egration, they will operate as
independent entities within Societe Generale group.
Eric Barnett, CEO of SGPB Hambros, is appointed CEO of Kleinwort Benson
with immediate effect
who
has decided to leave BHF KB
Group after the
One of
Eric’s
key objectives as CEO of both companies will be to start
developing cooperation between the two
businesses
ahead of the planned integration. Subject to
will be proposed as CEO
of the new combined private bank.
Francois Mazaud, Head of Societe Generale Private Banking, said:
“This
is a great moment in
the development of our private banking franchise, bringing together two of the most recognised names
with shared values and
a common heritage."
Kleinwort Benson has undergone a significant transformation in recent years
,
and I want to
kenfeld and her team for this achievement
," he added.
of Kleinwort Benson
reflects Societe Generale’s growth strategy
in private banking
its core markets of Europe, the Middle East and Africa, and is aligned with its
ambition
focused private bank of reference.
he combined SGPB Hambros and Kleinwort Benson business will
represent
more than
has been approved by the relevant regulatory authorities.
The
acquisition
significant financial impact on the So
ciete Generale group.
SOCIETE GENERALE
75886 PARIS CEDEX 18
SOCIETEGENERALE.COM
A FRENCH CORPORATION WITH SHARE CAPITAL OF
011,25
222 RCS PARIS
1
ON OF KLEINWORT BENS
ON
FROM
Kleinwort Benson
in the UK and
with Societe Generale Private Banking
egration, they will operate as
with immediate effect
,
Group after the
successful
key objectives as CEO of both companies will be to start
ahead of the planned integration. Subject to
of the new combined private bank.
is a great moment in
the development of our private banking franchise, bringing together two of the most recognised names
and I want to
in private banking
in
ambition
to be the
more than
£14 billion of
acquisition
has no
Press Contacts:
Murray Parker, Head of UK Media Relations, Societe Generale, +44 (0) 20 7676 6771
Jolyon Barthorpe, Media Relations Manager, Societe Generale Private Banking, +33
Anita Turland, Head of Public Relations and Internal Communications, Kleinwort Benson
3207 7192
Societe Generale
Societe Generale i
s one of the largest European financial services groups. Based on a diversified universal banking model, the
Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship bankin
recognised on its m
arkets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 1
countries, we accompany 31
million clients throughout
services to individual, corporate and institutional customers in three core businesses:
Retail banking in France
with the Societe Generale branch network, Credit du Nord and Boursorama,
comprehensive range of omni
channel financial services on the leading edge of digital innovation
International retail banking,
insurance and financial services to corporates
and leading specialised businesses;
Corporate and investment banking, private banking, asset management and
expertise, top international rankings and integrated solutions.
Societe Generale is included in the
main socially
(Global and Europe), Euronext Vigeo (
Europe, Eurozone
STOXX ESG Leaders indices.
For more information, you can follow us on twitter
Societe Generale Private Banking
Societe Generale Private Banking, the wealth management arm of Societe Generale, manages
With 2,100 staff in 13 countries across the globe, Societe Generale Private Banking is a worldwide private bank with a strong
European ba
se, offering wealth management solutions to entrepreneurs and High Net
* at the end of March 2016.
www.privatebanking.societegenerale.com
About Kleinwort Benson
Kleinwort
Benson is a leading private bank with a rich heritage in merchant banking. We have been helping our clients to create,
conserve and grow their wealth for over 200 years. This commitment continues today and Kleinwort Benson has evolved to
meet the modern b
anking needs of clients in the UK and globally from our offices in the UK and Channel Islands. We are set
apart by our ability to combine private wealth management and corporate finance. This gives us the flexibility to meet the
complex financial needs of
many different types of families and individuals. It has also allowed us to significantly increase our
entrepreneur client base. For Kleinwort Benson, the ability to match the right adviser to the client is crucial in building a
successful relationship whi
ch stands the test of time. We pride ourselves on providing independent expert advice backed up by
a range of financial solutions.
Murray Parker, Head of UK Media Relations, Societe Generale, +44 (0) 20 7676 6771
Jolyon Barthorpe, Media Relations Manager, Societe Generale Private Banking, +33
Anita Turland, Head of Public Relations and Internal Communications, Kleinwort Benson
s one of the largest European financial services groups. Based on a diversified universal banking model, the
Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship bankin
arkets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 1
45,000 employees, based in 6
million clients throughout
the world on a daily basis. Societe Generale’s teams offer advice and
services to individual, corporate and institutional customers in three core businesses:
with the Societe Generale branch network, Credit du Nord and Boursorama,
channel financial services on the leading edge of digital innovation
;
insurance and financial services to corporates
with a presence
and leading specialised businesses;
Corporate and investment banking, private banking, asset management and
securities
services
expertise, top international rankings and integrated solutions.
main socially
responsible investment indices
: DJSI (World and
Europe, Eurozone
and France), ESI Excellence (Europe)
from
For more information, you can follow us on twitter
@societegenerale or visit our website
www.societegenerale.com
Societe Generale Private Banking, the wealth management arm of Societe Generale, manages
EUR
110
With 2,100 staff in 13 countries across the globe, Societe Generale Private Banking is a worldwide private bank with a strong
se, offering wealth management solutions to entrepreneurs and High Net
-
Worth Individuals.
www.privatebanking.societegenerale.com
Benson is a leading private bank with a rich heritage in merchant banking. We have been helping our clients to create,
conserve and grow their wealth for over 200 years. This commitment continues today and Kleinwort Benson has evolved to
anking needs of clients in the UK and globally from our offices in the UK and Channel Islands. We are set
apart by our ability to combine private wealth management and corporate finance. This gives us the flexibility to meet the
many different types of families and individuals. It has also allowed us to significantly increase our
entrepreneur client base. For Kleinwort Benson, the ability to match the right adviser to the client is crucial in building a
ch stands the test of time. We pride ourselves on providing independent expert advice backed up by
2
Murray Parker, Head of UK Media Relations, Societe Generale, +44 (0) 20 7676 6771
Jolyon Barthorpe, Media Relations Manager, Societe Generale Private Banking, +33
1 42 14 34 55
Anita Turland, Head of Public Relations and Internal Communications, Kleinwort Benson
+44 (0) 20
s one of the largest European financial services groups. Based on a diversified universal banking model, the
Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship bankin
g,
45,000 employees, based in 6
6
the world on a daily basis. Societe Generale’s teams offer advice and
with the Societe Generale branch network, Credit du Nord and Boursorama,
offering a
with a presence
in developing economies
services
, with recognised
: DJSI (World and
Europe), FTSE4Good
from
Ethibel and 4 of the
www.societegenerale.com
.
110
* billion of assets.
With 2,100 staff in 13 countries across the globe, Societe Generale Private Banking is a worldwide private bank with a strong
Worth Individuals.
Benson is a leading private bank with a rich heritage in merchant banking. We have been helping our clients to create,
conserve and grow their wealth for over 200 years. This commitment continues today and Kleinwort Benson has evolved to
anking needs of clients in the UK and globally from our offices in the UK and Channel Islands. We are set
apart by our ability to combine private wealth management and corporate finance. This gives us the flexibility to meet the
many different types of families and individuals. It has also allowed us to significantly increase our
entrepreneur client base. For Kleinwort Benson, the ability to match the right adviser to the client is crucial in building a
ch stands the test of time. We pride ourselves on providing independent expert advice backed up by
