Societe Generale Private Banking Hambros enhances regional presence with a new office in Edinburgh

Societe Generale Private Banking Hambros (SGPB Hambros), has opened a new office in St Andrew Square in Edinburgh.

The new Edinburgh office marks the first venture of the private bank in Scotland. The city is at the centre of Scotland’s wealth creation and the financial services industry, making it an ideal location for SGPB Hambros to service Scotland’s high net worth individuals.

With SGPB Hambros’ strong track-record in private banking and advisory services, high net worth residents in Scotland will have access to the private bank’s high quality expertise in wealth management and investment solutions, including a full spectrum of global investment asset classes (equities, bonds, cash, commodities, property and hedge funds) as well as financial planning and lending.

Mike Smith and Christopher Thomson will head the Edinburgh office. Both have served the Scottish market for many years, making them ideally suited to lead SGPB Hambros’ expansion there.

This new office demonstrates SGPB Hambros’ continued dedication to expanding its presence across the UK. The private bank, which has successfully expanded its regional private banking network over the past two years, operates from London, Newbury, Cambridge, Manchester, Southampton and Leeds, as well as internationally from Jersey, Guernsey and Gibraltar.

This initiative is part of Societe Generale Private Banking’s domestic expansion in the countries where it already operates. The private bank has also strengthened its presence in France during 2010, with the opening of centres in Strasbourg and Rennes.

Mike Smith has been providing investment and financial advice to international private clients for over 20 years. American born, Mike worked for the Citibank Private Bank and Smith Barney in Washington DC for 15 years before joining Merrill Lynch International Bank in London and then in Edinburgh in 1998. Following Merrill Lynch, Mike founded the Kleinwort Benson Private Bank operation in Scotland, before joining SGPB Hambros in October of 2008.

Chris Thomson joined SGPB Hambros in October 2008, also from Kleinwort Benson, where he started in 2005 and worked alongside Mike Smith. A native of Edinburgh, he spent twelve years in investment banking, holding various capital markets positions with Barclays Capital and Toronto Dominion Securities, dividing his time between New York and London.