SCPB Hambros, the UK wealth management arm of Société Générale Private Banking, has launched its advisory division featuring twelve professionals, nine of whom are new hires.

Based in the UK, Gibraltar and the Channel Islands, the new team will advise on both general and specialist areas, such as strategic asset allocation, equities, bonds, funds and other asset classes. The arm will be led by Jeremie Vuillared, group head of advisory, who is based in London.

Eric Barnett, chief executive of SGPB Hambros, said: "The new advisory division demonstrates our ongoing commitment to place clients at the centre of the business. The new hires, who between them speak French, Arabic and Russian, will ensure that we continue to meet the specific needs of our domestic and international clients."

He added: "Further to our expansion plan, by summer 2014 we will be adding two new recruits who will form the product marketing team and will be solely responsible for designing investment proposals. Meanwhile, the new advisory team will be further strengthened with additional UK domestic advisors in the coming weeks."

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