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Moroccan businessman Moulay Hafid Elalamy launches family-office arm from former SocGen bank to manage and transfer wealthy clients’ fortunes

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Saham Bank launched the unit on 22 October as part of its transformation following Elalamy’s acquisition of the century-old Moroccan lender. The new operation, named Saham Bank, Private Banking & Family Office, will advise clients on investments, asset structuring, wealth preservation and succession. It will also assist wealthy families in…

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