Credit Agricole Private Banking has integrated its operations across Europe, the Middle East, Asia-Pacific and the Americas under one single entity, which will be known as Indosuez Wealth Management.
Indosuez Wealth Management, a 140-year-old private bank, was acquired by French banking major Credit Agricole in 1996. The Indosuez brand name was dropped after the merger between parent Credit Agricole, Credit Lyonais and Indosuez in 2004.
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Previously, the bank’s wealth management operations were dispersed across diverse entities including Credit Agricole Luxembourg or Credit Agricole Suisse in Hong Kong.
The single brand is part of Indosuez’s international restructuring and a wider strategy to align subsidiaries in different geographies to provide cross-border service to families and entrepreneurs worldwide, Indosuez said in a statement.
Crédit Agricole deputy CEO, in charge of major clients, Jean-Yves Hocher said: "The Wealth Management business is fully in line with Crédit Agricole’s customer-centric, universal banking model. Our aim is to offer our customers the full range of the Group’s expertise.
"The transformation of Indosuez Wealth Management is clear evidence of our ability to provide high value-added services to the broadest possible range of clients, while continuing to work in synergy with the Group’s other business lines, in the very best interest of our clients."
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By GlobalDataIndosuez Wealth (Group) CEO Christophe Gancel added: "This is a major milestone in the company’s development. We have been committed to a major overhaul of our organisation since 2012 in order to optimise our resources and enhance our offering. This new organisation, combined with the new Indosuez Wealth Management global brand, will help us pursue our strategic goals while enhancing our visibility, supporting improved co-ordination and skills transfer."
