Private clients Financial intermediaries

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Are you a client? You should contact your private banker. 
You are not a client but would like to have more information about Societe Generale Private Banking? Please fill in the form below.

Local contacts

France : +33 (0) 1 42 14 20 00 (9am - 5pm)
Luxembourg : +352 47 93 11 1 (8:30am - 6pm)
Monaco : +377 97 97 58 00 (9/12am - 2/5pm)
Switzerland : Geneva +41 22 819 02 02
& Zurich +41 44 218 56 11 (8:30am - 5:30pm)

You would like to contact about the protection of your personal data?

Please contact the Data Protection Officer of Societe Generale Private Banking France by sending an email to the following address : protectiondesdonnees@societegenerale.fr.

Please contact Bieneke Russon, the Data Protection Officer of Societe Generale Bank & Trust Luxembourg by phone : +352-47.93.93.11.5046 or by sending an email to the following address : lux.dpooffice@socgen.com.

Please contact Julien Garnier, the Data Protection Officer of Societe Generale Private Banking Monaco by sending an email to the following address : list.mon-privmonaco-dpo@socgen.com

Please contact Omar Otmani, the Data Protection Officer of Societe Generale Private Banking Switzerland by sending an email to the following address : sgpb-gdpr.ch@socgen.com.

You need to make a claim?

 Any claim addressed to Societe Generale Private Banking France should be sent by e-mail to the following address : FR-SGPB-Relations-Clients@socgen.com or by mail to : 

Société Générale Private Banking France
Direction Commerciale
29 boulevard Haussmann CS 614
75421 Paris Cedex 9

The Bank will acknowledge your request within 10 days after receipt and provide a response to your claim within 60 days of receipt. If your request requires additional processing time (e.g. if it involves complex researches…), the Bank will inform you by mail. 

In the event that the response you receive does not meet your expectations, we suggest to contact : 

 

The Societe Generale Group’s Ombudsman

The Societe Generale Group’s Ombudsman can be contacted by the following website : mediateur.societegenerale.fr  or by mail :

Le Médiateur auprès de Société Générale
17 Cours Valmy 
92987 PARIS LA DEFENSE CEDEX 7
France

In reviewing any matter, the Ombudsman undertakes the consideration of both the client’s and the bank’s point of view, evaluates arguments from each of the parties and makes a decision in all fairness.

The Group’s Ombudsman will respond to you directly within two months of receipt of the written submissions of the parties relating to the claim.

 

The Ombudsman of the AMF

The Ombudsman of the Autorité des Marchés Financiers (AMF) can be contacted at the following address :

Médiateur de l'AMF, Autorité des Marchés Financier
17 place de la Bourse
75082 PARIS CEDEX 02
FRANCE


The Insurance Ombudsman

Please contact the Insurance Ombudsman : contact details must be mentioned in your insurance contract.

To ensure that your requests are handled effectively, any claim addressed to Societe Generale Bank & Trust should be sent to:

Private banking Claims department
11, Avenue Emile Reuter
L-2420 Luxembourg

The Bank will acknowledge your request within 10 days and provide a response to your claim within 30 days of receipt. If your request requires additional processing time (e.g. if it involves complex research), the Bank will inform you of this situation within the same 30-day timeframe.

In the event that the response you receive does not meet your expectations, we suggest the following :

Initially, you may wish to contact the SGBT Division responsible for handling claims, at the following address:

Corporate Secretariat of Societe Generale Bank & Trust
11, Avenue Emile Reuter
L-2420 Luxembourg

If the response from the Division responsible for claims does not resolve the claim, you may wish to contact Societe Generale Bank & Trust's supervisory authority, the Commission de Surveillance du Secteur Financier (Financial Sector Supervisory Commission) :

By mail: 283, Route d’Arlon L-1150 Luxembourg
By e-mail:direction@cssf.lu

 Any claim addressed to Societe Generale Private Banking Monaco should be sent by e-mail to the following address: servicequalite.privmonaco@socgen.com or by mail to our dedicated department : 

Societe Generale Private Banking Monaco
Middle Office – Service Réclamation 
11 avenue de Grande Bretagne
98000 Monaco

The Bank will acknowledge your request within 2 days after receipt and provide a response to your claim within 10 days of receipt. If your request requires additional processing time (e.g. if it involves complex researches…), the Bank will inform you of this situation within the same 30-day timeframe. 

In the event that the response you receive does not meet your expectations, we suggest to contact the Societe Generale Private Banking Direction that handles the claims by mail at the following address : 

Secrétariat Général de Societe Generale Private Banking Monaco 
11 avenue de Grande Bretagne 
98000 Monaco

Any claim addressed to the Bank can be sent by email to: sgpb-reclamations.ch@socgen.com
Clients may also contact the Swiss Banking Ombudsman : www.bankingombudsman.ch

Weekly Update - United States: what the yield curve tells about the economic outlook

Discover the weekly economic outlook of our Investement Strategy team.

Short rates rising more than long yields. 
For several months, indicators in the United States have been flagging a strong economic recovery and longer than expected inflationary pressures. Markets have responded by revising expectations of how fast the Fed will normalise monetary policy. They now expect a cycle of policy rate hikes starting in March and totalling 7 quarter-point hikes by the end of the year. In line with these revised expectations, short-term interest rates have risen, with two-year rates now over 1.5% after a fresh spurt early in the year. Long-term yields have also risen, but less sharply, taking the 10-year yield to 2% (see chart 1). This has substantially tightened the long-short spread, exacerbating a trend already seen since mid-2021 and raising fears among some commentators that the US could be heading for recession.
 
Yield curve could be a leading indicator of recession. 
If the recent trend continues, we could even see the curve invert: i.e. short-term bills will start to pay higher returns than long-term bonds. Any such movement would be read as indicating investors distrust the outlook and a possible early sign of a looming economic recession. The last three US recessions were all preceded by an inversion of the yield curve (see chart 2), supporting this thesis. In current circumstances, the actual motivation for curve inversion would be fears the Fed may have to over-hike its interest rates to calm persistent inflation, even at the risk of tipping the economy into recession.
 
But this is to overlook some factors that continue to hold down long-term interest rates. 
US long yields are feeling downward pressure from ongoing demand for United States debt, still seen as a risk-free benchmark asset. Several factors are driving this demand. The first is structural. Financial entities (banks, pension funds, etc.) need ever more risk-free assets, partly to comply with tighter regulatory demands. A second factor is the still massive asset purchase programmes run by central banks. The Fed is set to end its purchases soon and could even start running down its balance sheet in coming months. However, other central banks are in a different phase and could continue their purchases, sustaining high demand for US bonds. A third and final factor, which seems to have been in play since the turn of the year, is growing uncertainty on financial markets stoked by recent geopolitical tensions, spurring a quest for risk-free assets. This factor may fade somewhat over coming weeks.
 
Conclusion
The US yield curve has been flattening for months, with the process accelerating since the start of the year. Although upside surprises on inflation raise questions about the economic outlook, it seems premature to worry about a US recession. Some of the factors affecting the long-end of the curve should fade, leaving us with a scenario closer to the current economists’ consensus of close to 4% growth in 2022.


Read full article
 

Juan Carlos Mendoza Diaz Economist and Strategist Societe Generale Private Banking