International

Services Généraux de Gestion S.A. (SGG), Luxembourg, which became a wholly-owned subsidiary of Sal. Oppenheim International S.A. in 2005, can boast decades of success in the segments of finance, engineering and administrative services, and, with 115 employees, is number two in trust and domiciliation business and family office in Luxembourg. SGG focuses primarily on European family structures in the Benelux countries, Switzerland, France, and southern Europe. The integration of SGG was successfully completed in 2006. It was able to offer internationally active clients tailored financial solutions for asset structuring, working in close collaboration with Bank Sal. Oppenheim jr. & Cie. (Luxembourg) S.A.

The company's strength on the Luxembourg, Belgian, Dutch, Swiss, French and southern European markets will allow it to enhance the Group's presence in these countries, which will be key to the further expansion of Sal. Oppenheim's European business. The associated regional business expansion effect was reinforced by the synergies with respect to cross selling in corporate finance, the fund business and family office activities. In view of these factors, SGG expects its positive business performance to continue.