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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