SG Private Banking, the wealth management arm of France-based Societe Generale Group, has appointed Eddy Abramo as CEO of SG Private Banking (Middle East) and Eric Lorentz as managing director and global market manager for Arab high and ultra-high net worth clients
Mr Abramo will be responsible for pursuing the growth strategy of the private bank in the Middle East, through its offices in Bahrain, Abu-Dhabi, and Dubai. In particular, he will supervise the development of dedicated products and services for Arab and Indian private clients.
He joined the Societe Generale group in 1997 as a discretionary portfolio manager for SG Private Banking in Paris and remained in this position until 2002. Later, he joined Societe Generale Asset Management, where he was responsible for creating a discretionary management product offering. In 2006, he returned to SG Private Banking as global head of the hedge fund advisors centre of expertise.
Based in the UAE, Mr Lorentz will lead and coordinate SG Private Banking’s global marketing activities for the Arab clients of its offices in Europe and the Middle East. He has established several wealth management initiatives in Qatar and Saudi Arabia since 2006 and held various positions in Citibank Private Bank, JP Morgan and Barclays’ private banking.
