Rosbank Presented L’Hermitage Wealth Management Club

    03 October

Rosbank presented L’Hermitage Wealth Management Club - an exclusive club for wealthy clients that is to become a new stage in the development of private banking at Rosbank. Thus, Rosbank L’Hermitage Private Banking becomes a full-fledged part of Societe Generale Private Banking, a leading international player present in 15 countries with recognized expertise in wealth management, investment advisory and structural products.

L’Hermitage Wealth Management Club will offer customers the solutions and products of the Societe Generale Group in a new format - investment advisory programs. The main emphasis will be made on individual solutions that take into account the goals and objectives of customers. All decisions will be selected by experts of the Group's centers of expertise for all asset classes with a focus on structural products and investment funds.

Rosbank was one of the first banks in Russia to begin developing wealthy customer service. In 2008, Rosbank became part of Societe Generale, a traditionally strong player in the private banking market, getting access to international expertise. In 2017, Rosbank updated its approach towards VIP customer service, taking into account the experience gained and the leading positions of Societe Generale Russia. As a result, over the past two years, the number of customers and assets under the management of L'Hermitage have increased by more than 1,5 times.

“Private banking is a special business for any bank. Work in this segment is a definite indicator of the maturity of products and services of the bank, its team, evidence of its impeccable reputation and the stability of its position. We see that today customers tend to concentrate their assets in two major banks, while the criterion of bank reliability for them is the main one. We, as the bank of the highest reliability category, confirmed by Russian and international credit ratings, want to be the first choice bank for customers, as we are able to provide our clients with unique solutions, including using the expertise of Societe Generale Group.

The launch of the L’Hermitage Wealth Management Club in partnership with Societe Generale Private Banking is another indicator of the Group’s long-term strategic goals in Russia. We are confident that this will allow us to significantly strengthen our business and ensure dynamic growth for the next years, successfully compete with other participants and increase our market share. Our goal is to enter the TOP-3 customer-choice players in the private banking market in Russia in 3 years, ” – said Ulan Ilishkin, Deputy Chairman of the Board of Rosbank, Head of L’Hermitage Private Banking.

The creation of the L’Hermitage Wealth Management Club was announced by Chairman of the Board of Rosbank Ilya Polyakov, head of Wealth Management Solutions Societe Generale Private Banking Olivier Paccalin, , Deputy Chairman of the Board of Rosbank, Head of L’Hermitage Private Banking Ulan Ilishkin, Senior Vice-President of Rosbank Dmitry Enukov. The event was held at the site of the new “Golden Mile” VIP branch on Prechistenskaya embankment, which should become a point of attraction for the most demanding customers.