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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 - Confirmed hawkish turn for DM Central banks

Discover the weekly economic outlook of our Investement Strategy team.

A new environment with less growth and more inflation. Before the Ukraine war shock, developed economies were looking at a scenario of robust growth and high inflation (near 8% in the United States, near 6% in the Euro area). Central banks were stating their willingness to move monetary policy back to normal, starting this year, to head off the risk of a wage-price spiral and prevent an un-anchoring of inflation expectations. The Ukrainian-Russian conflict has now cast many uncertainties into this picture, likely weighting on growth and giving inflation an extra boost. The OECD, for instance, estimates the shock will knock 1 point off GDP growth and push inflation up 2 points. Central banks in the United States and Europe have responded in similar ways, clearly communicating their willingness to continue normalising policy. However, the economy looks very different either side of the Atlantic.
 
In the United States, a “strong economy and extremely tight labour market” has led the Federal Reserve to hike its policy rate by a quarter point and signal a further 1.5-point rise by year end. Household consumption is still growing fast (chart 1), explaining much of the inflation, notably the price of goods. Salaries are tracking a parallel path (chart 2), in a highly dynamic jobs market. While the shock of the Ukraine war will dampen activity, the United States should be less affected than Europe because of their lesser financial and commercial links with Russia, particularly when it comes to energy.
 
In the Euro area, the less favourable economic environment has not stopped the European Central Bank (ECB) announcing it wants to start normalising policy in coming months. The economy remains slightly below pre-COVID levels and seems more sensitive to the negative spillovers of the Ukraine war. The OECD expects it to feel twice the impact of the United States (-1.5 points off growth in the Euro area against -0.75 points in the United States). Inflation was already largely accounted for by the negative shock from energy price rises and the Ukraine war should only reinforce this trend. Finally, labour markets as a whole show no signs of wage pressures, alleviating fears of second-round effects. While the ECB may persist with its determination to normalise, its policy tightening is nonetheless likely to be smaller in scale.
 
Conclusion
Despite the expected slowdown and deep economic uncertainty triggered by the Ukraine war, central banks in developed countries will continue returning their policies to normal, by halting the expansion of their balance sheets and raising policy rates in the course of the next few quarters. In light of which, we maintain our Neutral stance on equities and Underweight bonds. 
 
Also, in the main events of the week, we chose to talk about nickel trading and oil prices.  
 

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