Société Générale Private Banking Hambros has rolled out an intermediary platform for wealth managers, family offices and high net worth IFAs, driven by developments such as the UK’s regulatory overhaul of financial advice.

The platform offers custody and an integrated suite of private banking services such as lending, foreign exchange, fiduciary services and portfolio management, the French banking firm said.

This service has been designed with the Retail Distribution Review in mind, SGPBH said. “As a result, intermediaries and their clients will benefit from transparent, cost-effective and extensive private banking services which until now have only been available to SGPB Hambros’ own clients. This development, exclusively for Wealth Partnership members, responds to a demand expressed by the high net worth advisory and wealth management community,” it said.

The initiative will be headed up by Stefano Del Federico, who has been appointed as new head of UK financial intermediaries. He joined the firm in 2009 and has held a number of senior posts in the industry, including UK sales director of Abbey Wealth Management (now Santander).