Indosuez Wealth Management in Talks to Acquire CIC in Singapore & Hong Kong
Indosuez Wealth Management has started exclusive discussions to acquire the private banking arm of CIC bank in Singapore and Hong Kong. The transaction is expected to be finalised by the end of the year and is subject to both regulatory approvals.
“The acquisition would enhance Indosuez Wealth Management’s footprint and position in Asia.”
The acquisition would enhance Indosuez Wealth Management’s footprint and position in Asia and would be in line with its strategic objectives to expand in key markets.
News Source: Reuters
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
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