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New Year Reshuffle At Societe Generale Private Banking

Sally Ling

8 January 2013

It was all change at Societe Generale Private Banking with three appointments, effective on 1 January 2013. Olivier Lecler becomes deputy head of Societe Generale Bank & Trust, in charge of private banking activities in Luxembourg, replacing Claudio Bacceli; Thierry Garde is appointed head of Societe Generale Private Banking , replacing Olivier Lecler and Claudio Bacceli becomes SGPB’s global market manager for financial intermediaries worldwide, based in Luxembourg.

In their new roles, Lecler and Garde will be responsible for the development of the bank’s wealth management activities in Luxembourg and Monaco respectively. Bacceli will coordinate and develop relationships with intermediaries, including independent financial planners, financial investment advisors and independent asset managers all around the world.

All three appointees have performed senior roles at Societe Generale Group for a number of years.

The French banking firm made a number of high-profile moves in November last year, hiring four senior appointments to strengthen the commercial structure it has developed to serve wealthy clients in the Middle East and Africa. Eddy Abramo was appointed global market manager for clients in the Middle East; Jean-Paul Rame was made global market manager for Africa. He retained his existing role as manager of the African desk for Societe Generale Private Banking Switzerland. Gonzague de Cerval was named head of the Middle East and Africa desk at Societe Generale Bank & Trust in Luxembourg. 

The private bank had €88.01 billion in assets under management at the end of September 2012.