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Are you a client? You should contact your private banker. 
You are not a client but would like to have more information about Societe Generale Private Banking? Please fill in the form below.

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Local contacts

France: +33 (0)1 53 43 87 00 (9am - 6pm)

Luxembourg: +352 47 93 11 1 (8:30am - 5:30pm)

Monaco: +377 97 97 58 00 (9/12am - 2/5pm)

Switzerland: Geneva +41 22 819 02 02 & Zurich +41 44 218 56 11 (8:30am - 5:30pm)

You would like to contact us about the protection of your personal data?

Please contact the Data Protection Officer of Societe Generale Private Banking France by sending an email to the following address: protectiondesdonnees@societegenerale.fr.

Please contact the Data Protection Officer of Societe Generale Luxembourg by sending an email to the following address: lux.dpooffice@socgen.com.

For customers residing in Italy, please contact BDO, the external provider in charge of Data Protection, by sending an email to the following address: lux.dpooffice-branch-IT@socgen.com

Please contact the Data Protection Officer of Societe Generale Private Banking Monaco by sending an email to the following address: list.mon-privmonaco-dpo@socgen.com

Please contact the Data Protection Officer of Societe Generale Private Banking Switzerland by sending an email to the following address : ch-dataprotection@socgen.com

You need to make a claim?

Societe Generale Private Banking aims to provide you with the best possible quality of service. However, difficulties may sometimes arise in the operation of your account or in the use of the services made available to you.

Your private banker  is your privileged contact to receive and process your claim.

 If you disagree with or do not get a response from your advisor, you can send your claim to the direction  of Societe Generale Private Banking France by email to the following address: FR-SGPB-Relations-Clients@socgen.com or by mail to: 

Société Générale Private Banking France
29 boulevard Haussmann CS 614
75421 Paris Cedex 9

Societe Generale Private Banking France undertakes to acknowledge receipt of your claim within 10 (ten) working days from the date it is sent and to provide you with a response within 2 (two) months from the same date. If we are unable to meet this 2 (two) month deadline, you will be informed by letter.

In the event of disagreement with the bank  or of a lack of response from us within 2 (two) months of sending your first written claim, or within 15 (fifteen) working days for a claim about a payment service, you may refer the matter free of charge, depending on the nature of your claim, to:  

The Consumer Ombudsman at the FBF

The Consumer Ombudsman at the Fédération Bancaire Française (FBF – French Banking Federation) is competent for disputes relating to services provided and contracts concluded in the field of banking operations (e.g. management of deposit accounts, credit operations, payment services etc.), investment services, financial instruments and savings products, as well as the marketing of insurance contracts.

The FBF Ombudsman will reply directly to you within 90 (ninety) days from the date on which she/he receives all the documents on which the request is based. In the event of a complex dispute, this period may be extended. The FBF Ombudsman will formulate a reasoned position and submit it to both parties for approval.

The FBF Ombudsman can be contacted on the following website: www.lemediateur.fbf.fr or by mail at:

Le Médiateur de la Fédération Bancaire Française
CS 151
75422 Paris CEDEX 09

The Ombudsman of the AMF

The Ombudsman of the Autorité des Marchés Financiers (AMF - French Financial Markets Authority) is also competent for disputes relating to investment services, financial instruments and financial savings products.

For this type of dispute, as a consumer customer, you have therefore a choice between the FBF Ombudsman and the AMF Ombudsman. Once you have chosen one of these two ombudsmen, you can no longer refer the same dispute to the other ombudsman.

The AMF Ombudsman can be contacted on the AMF website: www.amf-france.org/fr/le-mediateur or by mail at:

Médiateur de l'AMF, Autorité des Marchés Financiers
17 place de la Bourse
75082 PARIS CEDEX 02
FRANCE


The Insurance Ombudsman

The Insurance Ombudsman is competent for disputes concerning the subscription, application or interpretation of insurance contracts.

The Insurance Ombudsman can be contacted using the contact details that must be mentioned in your insurance contract.

To ensure that your requests are handled effectively, any claim addressed to Societe Generale Luxembourg should be sent to:

Private banking Claims department
11, Avenue Emile Reuter
L-2420 Luxembourg

Or by email to clienteleprivee.sglux@socgen.com and for customers residing in Italy at societegenerale@unapec.it

The Bank will acknowledge your request within 10 working days and provide a response to your claim within 30 working days of receipt. If your request requires additional processing time (e.g. if it involves complex research), the Bank will inform you of this situation within the same 30-working day timeframe.

In the event that the response you receive does not meet your expectations, we suggest the following:

Initially, you may wish to contact the Societe Generale Luxembourg Division responsible for handling claims, at the following address:

Corporate Secretariat of Societe Generale Luxembourg
11, Avenue Emile Reuter
L-2420 Luxembourg

If the response from the Division responsible for claims does not resolve the claim, you may wish to contact Societe Generale Luxembourg's supervisory authority, the “Commission de Surveillance du Secteur Financier”/“CSSF” (Luxembourg Financial Sector Supervisory Commission):

By mail: 283, Route d’Arlon L-1150 Luxembourg
By email:
direction@cssf.lu

Any claim addressed to Societe Generale Private Banking Monaco should be sent by e-mail to the following address: servicequalite.privmonaco@socgen.com or by mail to our dedicated department: 

Societe Generale Private Banking Monaco
Middle Office – Service Réclamation 
11 avenue de Grande Bretagne
98000 Monaco

The Bank will acknowledge your request within 2 working days after receipt and provide a response to your claim within a maximum of 30 working days of receipt. If your request requires additional processing time (e.g. if it involves complex researches…), the Bank will inform you of this situation within the same 30-working day timeframe. 

In the event that the response you receive does not meet your expectations, we suggest to contact the Societe Generale Private Banking Direction that handles the claims by mail at the following address: 

Societe Generale Private Banking Monaco
Secrétariat Général
11 avenue de Grande Bretagne 
98000 Monaco

Any claim addressed to the Bank can be sent by email to:

sgpb-reclamations.ch@socgen.com
 

Clients may also contact the Swiss Banking Ombudsman: 

www.bankingombudsman.ch

Weekly Update - Out of the blue?

Approaches to fiscal policy within the EU have long been deeply divided. Some countries like France have argued for budget union financed by EU debt issuance. Others, led by Germany, have remained opposed to fiscal transfers to weaker, more indebted states such as Italy. With unanimity among the 27 remaining member states required, EU fiscal policy seemed in deadlock. This week’s announcement came out of the blue. On May 18, Chancellor Merkel and President Macron announced plans for a €500bn recovery fund to help the EU economy rebuild after the deep recession sparked by lengthy lockdowns to stem the coronavirus pandemic. The International Monetary Fund (IMF) has estimated that the euro zone economy will contract -7.5% this year and recover by only 4.7% in 2021. The €2.7tn in fiscal support unveiled so far – some 23% of euro zone GDP – has been dominated by national governments led by Germany, with direct EU funding only representing 4% of the total. Fiscal flexibility is unevenly distributed across the region. In Italy, the IMF estimates that debt will reach 155.4% of GDP this year, up by 20.7 percentage points from 2019, while France and Spain will see debt-to-GDP ratios of 115.4% and 113.4% respectively. In their 2010 academic study This Time is Different, Reinhart and Rogoff suggested that real economic growth tends to slow when debt rises above 90% of GDP. Clearly, Germany and the Netherlands – with forecast ratios of 68.7% and 58.3% – are better positioned than their neighbours. Moreover, Italy and Spain – with CoViD-19 deaths of 537 and 598 per million – have suffered more from the pandemic than Germany with 98 fatalities per million. The recent German Constitutional Court ruling on the ECB’s Public Sector Purchase Programme (PSPP) for buying government bonds served to underline the potential constraints on the central bank’s policy flexibility and the uncomfortable bind imposed on the German government (see our Weekly Update Cat Among the Pigeons). Luckily, opinion polls show high approval ratings for Chancellor Merkel’s handling of the crisis, opening a window of opportunity. Against this backdrop, the Franco-German agreement broke new ground. Merkel and Macron have agreed that 1) the €500bn recovery fund should be financed by bonds issued directly by the EU and jointly guaranteed by its members, 2) the European Commission budget should be raised from 1.2% to 2% of members’ gross national income to enable the EU to service the debt and 3) the fund’s disbursements should come as grants rather than loans to be repaid. These proposals will now form the basis for the Commission’s formal recovery fund blueprint which is due to be published on May 27. Of course, there will be fierce opposition, most notably from the Netherlands, Austria, Denmark and Sweden, which continue to espouse rigorous budget principles. But with Germany abandoning its previous adherence to austerity and reaffirming its alignment with France, an agreement now seems possible.

Bottom line. It is clear that the euro zone economy will require new stimulus as it emerges from the life support provided by current packages, and that such measures should be directed to those economies most in need, just as announced by France and Germany. The currency market reacted by marking the euro 1% higher against the Swiss franc, suggesting a positive shift in the outlook for the euro zone. Whether that shift might materialise or not will become clear at the next European Council summit on June 18-19.

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Head of Investment Strategy Societe Generale Private Banking