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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 - US to speed up monetary tightening

Discover the weekly economic outlook of our Investement Strategy team.

Fed drops idea of “transitory” inflation
At Tuesday's Congress testimony, Jerome Powell hinted the Federal Reserve was ready to take a more restrictive approach to monetary policy. Powell repeatedly said it would be appropriate for the 15 December meeting to discuss a “a somewhat faster taper” perhaps “to consider wrapping up the taper of our asset purchases… perhaps a few months sooner”. The Fed had already announced a USD 15bn monthly wind-down of its purchase programme back at its November meeting. Powell justified the change saying that “the economy is very strong and inflationary pressures are higher” and that “the threat of persistently higher inflation has grown”. Accordingly, the Fed has abandoned its core assumption of high “transitory” inflation driven by post-Covid normalisation of the economy, raising the chances of multiple rate hikes in 2022.

More widespread and more political inflation
Powell's change in tone comes against a backdrop of ongoing high US inflation, where non-transitory factors are starting to build. Inflation in the stickiest goods and services was running at 3% in October, and the trimmed-mean index, which strips out volatile components, at 4%. Furthermore, consumers and businesses continue to expect inflation to remain high (above 3%) in the coming quarters. Finally, high inflation is starting to affect households. Consumer confidence surveys are weakening despite a still dynamic labour market. Overall, in a context of more widespread and politically sensitive US inflation, it seems likely the Fed will again prioritise its price stability mandate over its mandate to maintain full employment.

Bond market betting on stable inflation
While short rates naturally bounced on the testimony, long yields actually fell, resulting in a flattening of the sovereign yield curve. Bond markets seem to be betting the peak of the tightening cycle will be lower than last time around. Interesting to note, the market's inflationary expectations remain stable (5Y5Y forwards at 2.25%) in contrast to surveys of household expectations.

Conclusion
As inflation continues to show signs of an uptrend that can no longer be called “transitory”, central banks are striking a more hawkish tone. The Fed is set to announce an acceleration in tapering and launch a gradual cycle of rate hikes in H2 2022. In the euro zone, inflation continues to surprise on the upside, driven by energy prices. The ECB could announce the end its Covid asset purchase programme but its overall policy stance should remain accommodative, maintaining its classic asset purchases and bank facilities. Overall, the scenario is good for the dollar.

Read full article

Juan Carlos Mendoza Diaz Economist and Strategist Societe Generale Private Banking