The SGPB Hambros Group employs over 500 staff, with principal offices in London, Guernsey, Jersey and Gibraltar, and has a UK regional presence in Cambridge, Newbury, Manchester, Lymington, Edinburgh and Leeds.

The acquisition follows a number of years of growth since Hambros Bank was itself acquired by Societe Generale in 1998, to develop private banking in the UK and the Channel Islands.

Societe Generale said illustrates its ambitions to continue to grow its activities in the UK and in the Channel Islands.