Societe Generale Group, a France-based banking group, has expanded its wealth management services in the Middle East, by opening a new office in Bahrain under the brand Societe Generale Wealth Management.
The opening of new office in Bahrain marks a new step in the development of Societe Generale’s wealth management business, which is already present in the Gulf in Abu Dhabi and Dubai, under the brand SG Private Banking.
It will offer high net worth individuals based in the Gulf Cooperation Council (GCC) a complete range of wealth management services and investment solutions to respond to their sophisticated requirements.
Based in Manama and headed by John Abraham, its chief executive officer, the new entity will be regulated by the Central Bank of Bahrain (CBB) and takes over the investment firm license (Category 2) held by Societe Generale Asset Management in Bahrain.
Mr Abraham joined Societe Generale Asset Management in Bahrain in 2007 and was appointed managing director of Societe Generale Wealth Management in August 2009.
