SocGen advisory board to lead ?150bn AuM push

Socit Gnrale Private Bank has set up a new executive committee as part of its two-stage growth strategy, Ambition 2015, aimed at almost doubling assets under management to 150bn ($203bn) in the next five years. Socit Gnrale Private Banks global chief executive Daniel Truchi will lead the six-member supervisory committee that will direct the banks strategy and global development and be positioned across key international locations. A spokesman for the bank confirmed Truchis role would remain unchanged, with the advisory board adding more structural support for the global chief.