SG Hambros launches an in-house SIPP

SG Hambros Bank Limited, part of SG Private Banking, has launched an innovative Self- Invested Pension Product* (SIPP).

SIPPs allow clients to control the way in which their pension fund is invested. They can manage their pension themselves, or appoint an authorised financial adviser or asset manager of their choice to do this for them. These products have gained popularity with many higherincome earners as they are now permitted to make much larger contributions into this approved structure, which also offers a greater control over the selection and range of eligible investments.

The main benefit of this SIPP offered by SG Hambros is that it is a bespoke product which will allow clients to invest in a wide range of investment solutions, including private equity funds and structured products, an area in which SG Hambros has a specific and recognized expertise. The choice of mandates includes a full discretionary service, or advisory portfolios where the client has the final decision on each investment.

SG Hambros will offer a comprehensive SIPP service that will allow clients to hold a broad range of eligible investments, whether UK or offshore.

Christine Ross, Head of Financial Planning for SG Hambros and Eric Giachardi, Pensions Manager, will oversee the introduction of this exciting and innovative new product.

*”The self-invested personal pension (SIPP) itself is a pension wrapper that holds investments until retirement and start to draw a pension income.” It is “a form of personal pension scheme that gives people the freedom to choose and manage their own investments.” (source FSA)

For further information, please contact::

Alexandra O'Sullivan
Group Marketing and Communications Manager
SG Hambros Bank Limited

Tel: + 44 (0) 20 7597 3029
E-mail: alexandra.osullivan@sghambros.com

Registered in England No. 964058
Authorised and regulated by the Financial Services Authority

NOTES FOR EDITORS

SG Hambros

SG Hambros, part of SG Private Banking, is a private bank providing a comprehensive wealth management service. Through private bankers it provides investment management, financial planning, trust and banking services to some 11,000 clients. The SG Hambros Group employs more than 400 people and manages over £5 billion of assets under management from its offices in the UK , Guernsey , Jersey , Gibraltar and The Bahamas. www.sghambros.com

SG Private Banking

SG Private Banking, with offices in 21 countries, is among the market leaders in France , and has a strong presence in the United Kingdom , Luxembourg , Switzerland , Belgium . In Asia , SG Private Banking ranks among the top 10 players.

Almost 1875 professionals manage EUR55.1 billion in assets for around 75,000 clients ( June 2005). SG Private Banking's growth strategy is based on a business model that encompasses a global approach to client requirements through financial advice and asset engineering. It offers clients a broad range of sophisticated products and services that cover differing needs and include the best products available on the market, based on an open structure. www.sgprivatebanking.com

Société Générale Group

Société Générale is one of the largest financial services groups in the euro-zone. The Group employs 92,000 people worldwide in three key businesses:

•  Retail Banking & Financial Services: Société Générale serves more than 17 million individual customers
worldwide.

•  Global Investment Management & Services: Société Générale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 1,180 billion, March 2005) and under management (EUR 326 billion, March 2005).

•  Corporate & Investment Banking: SG CIB ranks among the leading banks worldwide in euro capital markets, derivatives and structured finance.

Société Générale is included in the four major socially-responsible investment indexes. www.socgen.com