Contact

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

House Views - August 2021

Discover the monthly economic perspectives of our Investment Strategy team.

Still a recovery scenario
The economic recovery continues, driven mainly by normalisation of activity and the continued strong support of monetary and fiscal
policies in developed economies. The evolution of the covid crisis - and in particular the rapid spread of the Delta variant - raises fears
of a resurgence of mobility and socialisation constraints that would halt this recovery. However, this risk would remain limited in
developed economies where vaccination of the population appears to be effective. Moreover, monetary and financial conditions will
continue to provide strong support in the coming months. Emerging economies, on the other hand, will sufferfrom unequal access to
the vaccine and less capacity of their policies to support activity.

Major central banks still supportive… for the moment
The central banks of the major developed economies will maintain their very accommodating policies. Indeed, the monetary
authorities continue to perceive the recent rise in inflation as transitory. The observed price pressures are largely explained by weak
base effects, shortages and bottlenecks related to the normalisation of activity. In the euro area, the risks of a transmission of this price
increase to wages will remain limited in a context where economic activity still appears to be deteriorating relative to the pre-crisis
situation, in particular with a still high unemployment rate. In the United States, the strength of the recovery could give rise to fears of
some price-wage loop and will prompt the Federal Reserve to change the tone of its speech in the last quarter of the year. The median
forecasts of the FOMC members now suggest two rate hikes in 2023.

Too pessimistic bond markets ?
Bond markets have been again affected by fears of covid evolution on economic activity. However, the recent fall in long-term interest
rates seems excessive if the effectiveness of vaccines. The developed economies recovery confirmation and the change in Federal
Reserve’s tone wouldimply a gradual rise in interest rates. This moderate rise in interest rates should not weigh on growth, northerefore on the performance of equity markets.

Keeping our asset allocation choice: overweight on European equities and underweight on bonds
In this context, even if valuations may seem expensive in absolute terms, we consider that the recovery environment remains favourable
to equities relative to bonds. We therefore remain Overweight equities. In terms of regional preference, we are overweight onEuropean
equities. We believe that there is still a gap between the US recovery -where activity has already returned to pre-crisis levels - and those
in the Eurozone and the UK, which are expected to catch up. We also continue to recommend a balanced mix of growth and value
stocks,with a preference for companies with pricing power.
We maintain an Underweight position on the bond markets, particularly in government bonds of advanced economies. The spread
between corporate and government bonds is small and unattractive to investors.
We remain overweight on gold that remains attractive as a hedge against extreme event risk. We remain neutral on major currencies,
except for a slight overweight on the Swiss franc.

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Clémentine Gallès Chief Economist and Strategist Societe Generale Private Banking