Assets under management (AuM) at Crédit Agricole (CA)
Suisse were CHF44bn ($46bn) as at 31 December 2011.
In 2011, the Swiss bank saw CHF1.5bn ($1.6bn) in
net asset outflows at its private banking unit compared to CHF3bn
of net new money inflows in 2010.
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Meanwhile, the bank changed its shareholder
structure in 2011 to set up a new holding company, Crédit Agricole
Private Banking.
The new entity will manage the group’s principal
direct international private banking entities with an aim to
strengthen its wealth management activities.
Crédit Agricole said it will continue to
expand in 2012 in high-growth regions, including Asia, the Middle
East, Latin America and Eastern Europe. It plans to add around 50
employees a year, particularly in Asia and Middle East.
Along with the Singapore office, Crédit
Agricole Suisse has opened a booking centre in Hong Kong to extend
its Asia coverage, the bank reported.
