Don Percival, the director of Societe Generale’s private banking arm, SGPB Hambros, has chosen to leave the bank writes Patrick Brusnahan

A representative for the bank said: "We can confirm that Don Percival has left the company. We have made a number of new hires and will be making an announcement shortly."

SocGen’s private banking arms are currently going through a period of change. Its private banking arm in Asia, which manages over $10 billion, is currently under bids by ABN AMRO and DBS, as exclusively reported by PBI this week.