Société Générale has launched an
internal audit mission to investigate anomalies in an account
overseen by one of its private bankers in Singapore.
The audit came after it reported the
irregularities to the Monetary Authority of Singapore, the city
state’s central bank.
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France’s second-largest bank discovered the
irregularities in February and said it had immediately informed
other clients whose accounts were overseen by the private banker,
understood to be a client relationship manager.
The bank said there have been no other
developments since early April. The bank could not give a date when
its internal investigation would conclude.
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By GlobalData
