Société Générale Private Banking, specialized in wealth management, confirms its commitment to Switzerland as a financial center.

Established in Switzerland since 1897, later this year Société Générale will group together its 350 Geneva-based employees – currently spread over five locations – at the same site, a 6,000 square-meter, five-storey building in the city center. In an interview with Le Temps Yves Thieffry, CEO of Société Générale Switzerland, said that this demonstrates that the French bank’s commitment to the Swiss financial center remains firm in spite of recent changes.

In the same interview Didier Valet, Head of the Corporate and Investment Banking and Asset Management divisions, explains that Switzerland represents one of the pillars of Société Générale’s wealth management structure. The Swiss financial center “remains a major European financial center”, and “a wealth-management bank must have operations here.” Société Générale has offices in Geneva, its headquarters, Lausanne, Lugano and Zurich. Among the major assets of Switzerland as a business location, Didier Valet also mentions the fact that the country “still enjoys an excellent reputation for stability and security” and “is a powerhouse of skills and expertise” which constantly attracts talent.