Indosuez Wealth Management Signs Agreement for Acquistion of Credit Industriel et Commercial (CIC)
Indosuez Wealth Management has reached an agreement with CIC to acquire the private banking operations in Singapore and Hong Kong after both parties entered into negotiations on 16th June 2017.
“After completion of the transaction, Indosuez will have AUM of 14 billion US dollars in Asia.”
After completion of the transaction, Indosuez will have AUM of 14 billion US dollars in Asia. As part of the transaction, Indosuez Wealth Management in Asia, will welcome CIC’s private banking teams in Singapore and Hong Kong, adding to the staff the group currently employs in Asia.
News Source: Credit Agricole Press Release
About Indosuez Wealth Management
Indosuez Wealth Management comprises all Credit Agricole group entities specialising in Wealth Management. Its original parent companies including Banque de l’indochina (1875) and Crédit Lyonnais (1876). The bank cultivates a number of international specialties in five areas of activity: client relations – financial expertise – support – risk, compliance, and internal control – banking transactions. Today, it has presence in 15 countries around the globe.
- Origin : Geneva, Switzerland
- Assets : CHF 19.21 billion
- Revenue : CHF 516.4 million
- Employees : 140,000
Official Website: www.ca-indosuez.com
News & Media: Press Release
Updated on 8th August 2016