On March 15, 2016, Societe Generale announced that it had signed an agreement to acquire Kleinwort Benson Limited and Kleinwort Benson Channel Islands Holdings Limited from Oddo & Cie.
The Kleinwort Benson private banking entities will be combined with Societe Generale Private Banking Hambros (“SGPB Hambros”), Societe Generale’s UK and Channel Island’s private banking business. The purchase is subject to customary regulatory approvals.
SGPB Hambros was founded in 1839 in the UK.
Kleinwort Benson was founded in 1786.
To read the press release, please click here.