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HSBC Private Bank sells US$140 million of client accounts to Societe Generale

HSBC Private Bank’s Monaco unit has sold a portfolio client accounts to Societe Generale subsidiary, Credit du Nord’s branch in the same region. The portfolio includes approximately US$140 million worth of assets under management as of May 14, the date of the agreement. The transfer is expected to complete on October 1 this year. When contacted, the bank confirmed the…

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