Indosuez Wealth Management has entered discussions with Credit Industriel et Commercial to buy its private banking activities in Singapore and Hong Kong – a deal that would lend support to Indosuez’ stated objective of growing in key markets as part of its ‘Shaping Indosuez 2020’ project. The 2020 project in turn forms part of the […]
Indosuez Wealth Management, the global wealth management branch of Crédit Agricole, has announced the hires of Pierre Masclet as chief executive officer for wealth management activities in Asia and Sen Sui as commercial head of the firm in Asia. Masclet will also act as branch manager of Indosuez Wealth Management in Singapore, where he is based. […]
Paul de Leusse (pictured) has been appointed chief executive officer of Indosuez Wealth Management. In addition, he joined Credit Agricole’s executive committee. De Leusse joined Credit Agricole group in 2009 as director of group strategy before being appointed CFO in 2011 then deputy CEO in 2013 of Credit Agricole CIB. He started his career as a consultant […]
French banking group Crédit Agricole, which notably owns Amundi, has unveiled its medium term strategic plan over the period 2016-2019, Strategic Ambition 2020. The €7.7bn investment plan, of which €4.9bn will serve to develop the group’s business lines and to pursue its digital transformation, consists of four priorities. It highlights Crédit Agricole’s large refocus on retail clients. Crédit Agricole […]
Crédit Agricole Private Banking has merged its operations across Europe, the Middle East, Asia-Pacific and the Americas under the brand Indosuez Wealth Management. Indosuez will become the global wealth management brand of Crédit Agricole group. The move aims at offering a cross-border service to families and entrepreneurs across the globe. Jean-Yves Hocher, Deputy CEO of Crédit […]
Amundi has announced the over-allotment option of existing shares sold by Crédit Agricole SA set up for its initial public offering on Euronext Paris has been partly exercised. On a maximum of 5,003,750 existing shares from Crédit Agricole SA, some 3,779,010 shares at the initial public offering price of €45.00 per share have been purchased. The total gross […]
Amundi’s assets under management have stood at €954bn for the first half of 2015, up 14.4% yoy and 8.7% since the beginning of the year, its parent company Crédit Agricole has announced. Net new inflows have amounted to €46.6bn during the first six months of the year, of which €22.6bn have been recorded in Q2 […]
Crédit Agricole and Societe Generale have launched the project of an initial public offering of their joint asset management subsidiary Amundi with the aim of obtaining a listing before the end of the year, subject to market conditions. The project will be submitted to the employee representative bodies. Founded in 2010, Amundi has €954bn of assets […]
France’s third bank for assets Credit Agricole (CA) has seen its profits nearly halved after it wrote off the value of its stake in Portuguese Banco Espirito Santo (BES). The Paris-based lender has reported net profit of €17m in Q2 of 2014, compared with a €698m net profit in the same period last year. Revenue […]
Aberdeen AM appoints property team portfolio manager Aberdeen Asset Management has appointed Justin Kean as portfolio manager to its European property multi-manager team. He will be based in the Amsterdam office. As part of the 31-strong global team, he will focus on managing a portfolio of European property funds as well as assist manage around […]
North Africa’s private banking networks are expanding in line with the region’s development.
Moody’s decision to downgrade Crédit Agricole and Société Générale was “expected” following news that the rating agency had turned its attention to the French banks, according to Clive Lennox, head of foreign exchange trading at Clear Currency.