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 - July 2021

Discover the monthly economic perspectives of our Investment Strategy team.

The group Global Investment Committee was held this week to review the outlook and investment strategy in light of the unfolding coronavirus epidemic. These are the conclusion highlights.

Macro
The success of the vaccine rollout in many countries has allowed for the unlocking of economies and a gradual return to normality. However, the re start lead to a spike in inflation weighing on sentiment as it could trigger a hawkish turn in central banks’ monetary policy. The approval of the “NextGenerationEU” plan provides a positive backdrop for Eurozone economy and should strengthen the outlook for the forthcoming two years. China was first to recover from the COVID-19 pandemic. While continuing to grow at a good pace we witness a slowdown in some leading indicators, which could indicate that the country’s growth momentum has peaked. The global GDP growth momentum continue to firm up despite worries over new COVID variants arising.

Central Banks
Recent central bank meetings confirmed monetary policy will remain accommodative short term. Policymakers are convinced that the overshoot to their 2% inflation targets will prove transitory. Inflation is indeed largely explained by weak base effect, shortages, and bottlenecks linked to the reopening of the economy. Wage inflation is still subdued and employment is far from recovering pre crisis level. While maintaining the Flexible Average Inflation Targeting (“FAIT”) framework allowing inflation to overshoot short term, the Federal Open Market Committee (FOMC) delivered a hawkish surprise, with the median forecast now suggesting two rate hikes in 2023. This has pushed up front end yields while long terms interest rates eased somewhat implying “bull flattening” of the US yield curve. Meanwhile, the European Central Bank (ECB) maintained its dovish tone. Christine Lagarde, the ECB president, considers it is "premature and unnecessary" to discuss questions related to ending Pandemic Emergency Purchase Programme (PEPP), especially as unemployment remains high and wage pressures muted. At the margin, the pace of bond buying will accelerate ahead of the summer holidays. Putting it all together we believe, monetary policy will remain strongly supportive for some time having in mind the large inventory of government bond issuance to fund recovery plans.

Markets
Even if the spike in inflation does prove transitory, ultra-low bond yields do not look sustainable and we expect them to resume their rise, pushing bond prices lower. The difference in yield between corporate bonds and sovereigns (known as “credit spreads”) is narrow, offering little value for investors. Our preferred asset class thus remains equities. Although equity valuations might look rich in absolute terms they are not relative to bonds. From a total returns perspective there is actually little alternative to equities over the medium term. Gold fell after the Federal Reserve pivot on interest rate outlook but remains attractive to hedge tail risk. Despite the recent rise of the US dollar, we continue to expect euro and dollar yields to rise in parallel and the currency pair to remain sideways.

Bottom line
The environment continues to favour equities and we remain Overweight but have made some adjustments in regional allocations. We have upgraded our view on the US back to Neutral on the back of a buoyant recovery. US GDP forecasts are revised up to 7% for this year by the Fed and spike in inflation should prove transitory. To balance portfolios, we downgraded our view on Japan to Neutral
as the pandemic drags on. We also continue to recommend a balanced mix between Growth and Value and look for companies that have good pricing power to pass on the increase in input prices to consumers so as to preserve margins. Fixed income markets should be kept Underweight in portfolios, in particular advanced economy sovereign bonds, although the yields available on emerging bonds
remain attractive. Among diversification tools, we are still Neutral on hedge funds and Overweight on gold.

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Clémentine Gallès Chief Economist and Strategist Societe Generale Private Banking