Michaël Kofman has been named as the chief executive officer and Hong Kong branch manager of Indosuez Wealth Management (Indosuez), the global wealth management brand of Crédit Agricole Group, with effect from 1 September 2024.

After holding the position since early 2020, Olivier Livenais is succeeded by Kofman.

Reporting to Omar Shokur, chief executive officer Asia for Indosuez, Kofman will be in charge of the company’s wealth management operations in Hong Kong.

Kofman’s employment will require him to move from Geneva to Hong Kong, pending clearance from the Hong Kong Monetary Authority. He has nearly three decades of experience in the financial services industry, having joined the Crédit Agricole Group in 2002.

Having worked in the financial services industry for over three decades, Kofman joined the Crédit Agricole Group in 2002. He has worked with Indosuez for more than 13 years. Before taking on his present role in Hong Kong, Kofman oversaw the teams in Asia and Switzerland from his base in Geneva as Head of Structuring and Financing for Indosuez’s Wealth Management Business Line.

Additionally, he was a leader in Credit Solutions and Compliance.

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Moreover, Kofman formerly worked at Crédit Agricole Corporate and Investment Bank for eight years as regional head of internal audit in Japan and audit manager of Group Internal Audit located in Paris.

Shokur stated: “We are delighted to welcome Michaël as the incoming leader of our Hong Kong branch. His extensive experience and proven leadership at Indosuez, particularly in driving growth, and credit as well as compliance initiatives, makes him ideal for leading our Hong Kong teams.”

He continued, “Michaël and his team will be particularly pivotal in our development in the region from Hong Kong. I am confident that Michaël’s vision and deep expertise will strengthen our commitment to our growing clientele and enhance our tailored service offerings in this key market.”

Commenting on his appointment, Kofman added: “I am honoured to lead and collaborate with our experienced, dynamic team in Hong Kong to drive further growth in this vibrant market. Hong Kong is a key wealth creation hub amidst a competitive business landscape that has tremendous potential. Together with my team, I am eager to contribute to our clients’ successes, reinforce our best-in-class wealth solutions and drive our sustainable expansion in this fast-growing region.”