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 - September 2021 - Monetary policies to reach the peak

Discover the monthly economic perspectives of our Investment Strategy team.

With global equities up c. +21% in EUR terms, the story of the year continues to be the stock market. Policy – for now – continues to be exceptionally supportive. The US Federal Reserve (Fed), the Bank of England (BoE), the European Central Bank (ECB) and the Bank of Japan (BoJ) continue to collectively pump hundreds of billions of dollars of liquidity into the financial system every month. This has cut
short every equity market wobble thus far in 2021.

In addition, genuine economic growth momentum has been helped on more recently by pent-up consumer spending. The US job
market has continued to improve. In Europe, activity indicators remain buoyant, particularly in the service sector where growth exceeded that of manufacturing for the first time since the pandemic. This is all underpinned by rising vaccination rates that have allowed the reduction of mobility and socialization constraints. This is translating into earnings, with US and European companies having reported second quarter earnings growth well above expectations.

However, the bond market has been telling a different story, with the winter sell-off (implying investors are bullish on risk assets) having moderated into the spring, before partially reversing over the summer (implying bearishness). Ten-year US government bonds saw a peak above 1.7%, but now trade closer to 1.3%; UK gilts hit a high near 0.9% but are now yielding 0.6%; German bunds came as high as -0.1%, but have slumped closer to -0.4% now. This tells a darker tale of peak growth, peak profit, peak policy. This concept of “peak” is worth visiting. Effectively, it means that the rates of economic growth, earnings growth and policy support –
monetary in particularly – has hit a high point and will now start to decelerate, which is supposedly undesirable. We do not deny that we have reached peak growth purely from a “rate of acceleration” perspective. The IMF expects global growth in 2021 to be 6% with advanced economies growing about 5%. According to their forecast this will slow next year to 4.4% and 3.6%, respectively. However, this year’s stellar figures are a result of a base effect, as they follow a massive global and advanced economy contraction last year of - 3.3% and -4.7%, respectively. Next year’s growth, which builds on the gains of this year, is understandably slower, but it is reflective of an economy which is getting ever larger.

Ultimately, growth is good, even if it is slower. This should be further positive for equity markets, notably European ones, and should negatively affect bond markets. But for this effect to ultimately translate to financial market, the key factor will be the adjustment of monetary policies to this peak of growth, with major central banks that will have to adjust progressively their liquidity injections.

Bottom line
We believe the case for risk-taking is well supported given a strengthening economic backdrop and strong momentum. Therefore, our portfolios are risk-on. Nonetheless, we continue to hold a stable of safe-haven assets to offset risks, particularly those from equities – which are expensive and supported somewhat by heady sentiment. These include gold and defensive alternatives (e.g. low-volatility hedge funds)

In accordance with the applicable regulation, we inform the reader that this material is qualified as a marketing document. CA25/H1/21 Unless otherwise specified, all figures in this report were taken from the following sources on 06/09/2021: Bloomberg and Datastream.

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Clémentine Gallès Chief Economist and Strategist Societe Generale Private Banking