Following the merger of Kleinwort Benson and SGBP Hambros, the new private bank has settled into an office in Newbury, UK.

Kleinwort Hambros, the newly formed private bank, has moved into its office on Northcroft Lane in Newbury, the former office of Kleinwort Benson.

The move follows Societe Generale's purchase of Kleinwort Benson and SGBP Hambros in June last year, which subsequently saw the two groups merge to consolidate Societe Generale’s private banking activities in the UK, the Channel Islands and Gibraltar. 

“The merger of Kleinwort Benson and SGPB Hambros is moving swiftly, benefiting enormously from the fact that we had shared history, values and a similar approach to clients,” said Paul Kearney, head of private banking at Kleinwort Hambros. “We are looking forward to continue to be a significant force in the area with a distinctive new brand.”

He says the new private bank will continue to provide wealth management services to clients in Newbury, Berkshire and surrounding areas and that both companies will reap the benefits of a combined product range. 

Kleinwort Benson in particular has a long history in Newbury, as its presence there dates back to the Second World War when the Kleinwort Estate was in Gloucester, and Newbury was seen as the perfect location between Gloucester and London. The private bank was reportedly also home to Newbury’s largest workforce during the 1980s before its head office was moved to London.