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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
