SG Hambros

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SG Hambros Bank Ltd.
Subsidiary
Industry Private banking and wealth management
Founded 1998
Headquarters London, England, UK
Key people
Warwick Newbury, Chairman
Eric Barnett, CEO
Products Private Banking Service. Investment management, Wealth Planning and Fiduciary, on-line banking
Parent Société Générale
Website www.sghambros.com

SG Hambros (SG Hambros Bank Limited) is a UK private bank, owned by Société Générale. Société Générale acquired Hambros Bank in 1998. SG Hambros provides private banking services including investment management, wealth planning and fiduciary services and on-line banking.[1]

SG Hambros is regulated by the Financial Services Authority.[2]

The bank was merged with Kleinwort Benson in November 2016 to form Kleinwort Hambros.[3]

Tax avoidance[edit]

In 2006, SG Hambros was involved with a complex tax avoidance scheme with more than 400 investors, operated by Matthew Leslie Jenner of Jersey-based NT Advisors.[4] Subsequently, the scheme was challenged and shutdown by HM Revenue and Customs leaving the investors facing a £190m bill.[5]

Awards[edit]

In 2009 SG Hambros was voted Best Wealth Manager for Alternative Investment in the Investors Chronicle Wealth Management Awards.[6]

Locations[edit]

SG Hambros is part of SG Private Banking, the private banking arm of Société Générale. They employ over 520 people in the UK (London, Edinburgh, Manchester, Leeds, Cambridge, Southampton and Milton Keynes), Jersey, Guernsey, Gibraltar and The Bahamas. They have over 90 private bankers across the Group.

Notes[edit]

  1. ^ British Bankers Association
  2. ^ Financial Services Authority
  3. ^ Thurston, Joshua (17 November 2016). "Kleinwort loses historic Benson name after mega-merger". City Wire. Retrieved 26 March 2017. 
  4. ^ Houlder, Vanessa (2013-05-30). "HMRC wins £190m tax avoidance case". FT.com. Retrieved 2013-06-09. 
  5. ^ "HMRC shuts £190m tax avoidance scheme". IFAonline. 2013-05-30. Retrieved 2013-06-09. 
  6. ^ Investors Chronicle Wealth Management Awards 2009