SG seeks regional bank ties to expand private banking in Japan

October 10, 2007

alainsimon.jpg    The head of the Japanese private banking arm of France’s
Societe Generale said on Wednesday he was considering forming alliances with some regional banks to help it expand outside Tokyo and the Kansai region, which includes Osaka.

“We already see an interest on the part of these banks to get
more involved in private banking. They do of course have
important clients which they need to serve in the best possible
way,” Alain Simon, president and chief executive of SG Private
Banking Japan, said at the Reuters Wealth Management Summit

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