Credit Agricole CIB and Indosuez Wealth Management have launched a joint division entitled Private Investment Banking.
This arm will be devoted to supporting UHNWIs and family holdings worldwide.
Furthermore, Silvia Calvello was appointed global head of Private Investment Banking. She was previously a senior banker for large French clients and also the coverage global head of the consumer good, retail, and business services sector.
Combining the expertise of both firms, Private Investment Banking will leverage both companies’ service offers as well as the capabilities of Indosuez and the whole Credit Agricole group.
In addition, the initiative is in line with Credit Agricole’s Client Project. It aims at supporting family holdings and their shareholders in implementing long-term strategies.
Calvello said: “Ultra-high net worth individuals and family holdings stand out for their increasingly sophisticated expectations: our goal is to meet these expectations. Private Investment Banking aims at being a source of new ideas and opportunities to support family holdings in their development. Our objective is fully in line with Crédit Agricole group’s client, human and social project.”
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By GlobalDataDidier Gaffinel, global head of coverage and investment banking at Crédit Agricole CIB, added: “Family-owned companies have demonstrated their strength, resilience and forward-looking approach, even in a very uncertain environment. By making the most of the synergies between investment banking and wealth management, Private Investment Banking will allow us to be even closer to family holdings and to better and more proactively support their needs.”
Pierre Masclet, deputy chief executive officer of the Indosuez Wealth Management group, concluded: “This new division dedicated to family holdings adds a new dimension to the cooperation between Indosuez Wealth Management and Crédit Agricole CIB. Thanks to the combination of our skills and expertise, we are able to meet the expectations of family holdings and their shareholders and to be at their side at every stage of the development of their wealth.”