Credit Agricole $240 Billion Indosuez Wealth Management to Buy $3.7 Billion Switzerland Wealth Management Bank Banque Thaler, Founded in 1982 & Became Independent in 1999
11th April 2025 | Hong Kong
Credit Agricole Indosuez Wealth Management ($240 billion AUM) has announced to buy Switzerland wealth management bank Banque Thaler ($3.7 billion AUM). Banque Thaler was founded in 1982 & became independent in 1999. Announcement (4/4/25): “Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, has announced that its entity in Switzerland has signed an agreement to purchase the entire capital of Banque Thaler, a Swiss banking institution recognised for the excellence of its services and its long-term expertise in wealth management. This acquisition is fully in line with Indosuez Wealth Management’s development strategy, strengthening its position in the Swiss market, the global hub for wealth management, where Indosuez has been present since 1876. Banque Thaler, founded in 1982, is renowned for the excellence of its services and its long-term expertise in wealth management. With this acquisition, Banque Thaler and Indosuez clients will have access to a broader range of products and expertise. In particular, Banque Thaler’s clients will be able to benefit from the Group’s solidity, its international network and its multiple capabilities in financing, corporate finance, fund servicing and asset management. The finalisation of the transaction remains subject to the prior approval of the relevant supervisory authorities, and is expected to be completed in the second half of 2025. This acquisition would bring Indosuez Wealth Management’s total assets under management to nearly €220 billion.” In 2024 December, Indosuez Wealth Management has appointed 23-year Credit Agricole veteran Laurent Proutiere as CEO Asia & Singapore Branch Manager (1st March 2025), succeeding Omar Shokur. Laurent Proutiere had held senior leadership roles at Credit Agricole including as Head of Corporate Planning APAC, Head of Investor Initiatives APAC, CEO Taipei Branch & currently Head of International Trade & Transaction Banking APAC.
“ Credit Agricole $240 Billion Indosuez Wealth Management to Buy $3.7 Billion Switzerland Wealth Management Bank Banque Thaler, Founded in 1982 & Became Independent in 1999 “
Jacques Prost, CEO of Indosuez Wealth Management: “This acquisition strengthens our position in Switzerland and illustrates our determination to provide our clients with solutions that are increasingly tailored to their needs. Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is now a major stakeholder in wealth management in Europe.” Marc-André Poirier, Chief Executive Officer of Indosuez in Switzerland, adds: “We are delighted to welcome Banque Thaler. Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion1. We will work with Banque Thaler’s teams to make this acquisition a success for both clients and employees.”
Dirk Eelbode, CEO of Banque Thaler: “Indosuez Wealth Management in Switzerland is the ideal partner for Banque Thaler. What our management can offer will not only be maintained but enhanced thanks to the substantial resources made available by a major banking group with exceptional financial strength. This can only benefit our clients. At Indosuez we also find the entrepreneurial spirit that characterises Banque Thaler, and this is a great opportunity for all our employees to join an ambitious growth project. These are all positives that will contribute to our continued goal of being the leading player in Switzerland for our clients.”
Banque Thaler – Banque Thaler is a Swiss wealth management bank that became independent in 1999 and is mainly owned by its directors. Throughout its existence, it has stood out for its focus on a targeted client base and on its discretionary management services. Serving families and entrepreneurs, its management is based on dynamic asset allocation by integrating solid expertise in selecting alternative funds and private equity. The bank has offices in Geneva and Zurich.
Indosuez Wealth Management – Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024). For over 150 years, Indosuez Wealth Management has been helping major private clients, families, entrepreneurs and professional investors to manage their private and professional assets. The bank offers a customised approach enabling each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and products including Advisory & Financing, Investment Solutions, Fund Servicing & Technology and Banking Solutions. Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office). With €215 billion in client assets at the end of December 2024, Indosuez Wealth Management is one of Europe’s leading wealth management companies.
Indosuez Wealth Management Appoints 23-Year Credit Agricole Veteran Laurent Proutiere as CEO Asia & Singapore Branch Manager in 2025 March Succeeding Omar Shokur, Laurent Proutiere Held Senior Leadership Roles at Credit Agricole Including as Head of Corporate Planning APAC, Head of Investor Initiatives APAC, CEO Taipei Branch & Currently Head of International Trade & Transaction Banking APAC, Indosuez is Subsidiary of Credit Agricole
6th December 2024 – Indosuez Wealth Management has appointed 23-year Credit Agricole veteran Laurent Proutiere as CEO Asia & Singapore Branch Manager (1st March 2025), succeeding Omar Shokur. Laurent Proutiere had held senior leadership roles at Credit Agricole including as Head of Corporate Planning APAC, Head of Investor Initiatives APAC, CEO Taipei Branch & currently Head of International Trade & Transaction Banking APAC. Indosuez is a subsidiary of Credit Agricole. Announcement (4/12/24): “Indosuez Wealth Management, the wealth management brand of Crédit Agricole Group, announced today the appointment of Laurent Proutière as Chief Executive Officer Asia and Singapore Branch Manager, effective 1 March 2025. Based in Singapore, Laurent will drive the firm’s strategic growth and development strategy across Asia, further reinforcing the bank’s presence in the region. He will report to Isabelle Jacob-Nebout, Head of Wealth Management, CA Indosuez (Switzerland) SA, and succeeds Omar Shokur who will pursue professional opportunities outside of the Crédit Agricole Group after more than two decades with the Group … … Laurent’s extensive experience in the rapidly growing financial markets of Asia including Hong Kong, Singapore, Taiwan and Japan reflects Indosuez’s continued focus on strengthening its presence in Asia and delivering exceptional, tailored wealth management solutions to their clients.”
CA Indosuez (Switzerland) Head of Wealth Management, Isabelle Jacob-Nebout: “We are delighted to welcome Laurent into this role. Laurent brings close to 30 years of experience in financial services including the past two decades at Crédit Agricole Corporate & Investment Bank, predominantly in Asia. He has a deep understanding of the dynamic region and is well-positioned to continue building on Indosuez’s growth in these key markets. We are confident that his leadership will further solidify our position as a trusted partner to our clients in Asia … … I would like to thank Omar for his leadership in the past few years. He steered Indosuez through the unprecedented challenges of the Covid-19 pandemic, ensuring the continuity of our business and the safety of our clients and teams while laying the foundation for growth that continues to benefit the firm today.”
Laurent Proutier: “I am honoured to take on this role and look forward to working closely together with our bankers and colleagues across Asia to further build upon the successes we’ve achieved. With Indosuez’ unique position as a boutique bank within the world’s 9th largest banking group, I am excited to work with my new team to continue to deliver the bespoke, personalised service we are known for, always putting our clients at the heart of everything we do.”
Laurent Proutier Profile – Laurent brings close to 30 years of experience gained in Europe and Asia across the financial services industry, of which more than 20 years were in Crédit Agricole Corporate & Investment Bank (CIB). His most recent role before being appointed Asia CEO of Indosuez was Head of International Trade and Transaction Banking for Asia-Pacific at Crédit Agricole CIB. Prior to that, he was Chief Executive Officer for Crédit Agricole CIB Taipei Branch. Laurent began his career in 1998 working for the Equity Brokerage Division of Société Générale in Japan before joining Crédit Agricole Group in 2002. He joined the Credit Derivatives teams in London in 2007, and later the Asia Loan Syndication team in Hong Kong in 2012.
Indosuez Wealth Management – Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024). For more than 150 years, Indosuez Wealth Management has supported major private clients, families, entrepreneurs and professional investors in managing their private and professional assets. The bank offers a tailor-made approach that enables each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and offerings including Advisory, Financing, Investment Solutions, Fund servicing, Technology and Banking Solutions. Indosuez Wealth Management has nearly 4,500 employees in 16 locations around the world: In Europe (Germany, Belgium, Spain, France, Italy, Luxembourg, the Netherlands, Portugal, Monaco and Switzerland), Asia Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office). With approximately €200 billion in client assets, the Indosuez Group is one of the European leaders in wealth management.
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