Société Générale eyes sale of UK private banking arm

Pedro Gonçalves
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Société Générale eyes sale of UK private banking arm

Société Générale is planning the sale of its UK private banking arm Kleinwort Hambros, Bloomberg has reported. The bank is said to be working alongside Rothschild & Co on the matter and already approached potential buyers. Both Rothschild & Co or Kleinwort Hambros declined to comment on the sale. Bloomberg cited "people with knowledge of the matter." In 2016, Société Générale bought the UK wealth management operations of Oddo & Cie's BHF Kleinwort Benson Group SA unit, which traces i...

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