SG Private Banking reinforces its senior management team in the Middle East

Published November 12th, 2009 - 11:51 GMT

SG Private Banking, the wealth management arm of Société Générale Group, is reinforcing its presence in the Middle East by appointing two new senior managers: Eddy Abramo as Chief Executive Officer of SG Private Banking (Middle East)* and Eric Lorentz as Managing Director and Global Market Manager for Arab High and Ultra-High Net Worth clients.

Eddy Abramo will be responsible for pursuing the growth strategy of the private bank in the Middle East, through its offices in Bahrain, Abu-Dhabi, and Dubai. In particular, he will supervise the development of dedicated products and services for Arab and Indian private clients.

Based in the United Arab Emirates, Eric Lorentz will lead and coordinate SG Private Banking’s worldwide marketing activities for the Arab clients of its offices in Europe and the Middle East. His extensive experience in building and running profitable businesses with the wealthy clientele of the Middle East will be key in the development of the private bank in this region.

These key appointments confirm SG Private Banking’s ambitions to be a major player in the wealth management industry locally and demonstrate its strong continued commitment to the region.

*Legal name: Société Générale Bank and Trust (Middle East)

Eddy Abramo, 37, is a graduate of the Sorbonne University in Paris where he obtained a master’s degree in finance. He joined the Société Générale Group in 1997 as a discretionary portfolio manager for SG Private Banking in Paris and remained in this position until 2002, when he joined Société Générale Asset Management, where he was responsible for creating a discretionary management product offering. In 2006, he returned to SG Private Banking as Global Head of the Hedge Fund Advisors centre of expertise.

Eric Lorentz, 49, is a graduate of the University of California Los Angeles, where he obtained his MBA, and of the American University of Beirut. He started his career in 1985 in Citibank Bahrain as a foreign exchange trader before running several of the bank's treasury operations in Africa. In 1992, he joined Citibank Private Bank in New York where he assumed responsibility for its Swiss, French and Benelux clients before moving to JP Morgan in 1994 where his role focused on the Middle East. Starting in 2001, Eric Lorentz led the development of Barclays’ private banking business in the Middle East supervising the London, Geneva and Dubai teams.  He then returned to the Gulf in 2006 to establish several wealth management initiatives in Qatar and Saudi Arabia.

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