Latest news with #JacquesProst
Yahoo
10 hours ago
- Business
- Yahoo
Indosuez gains BNP Paribas wealth management clients in Monaco
The local BNP Paribas Group Wealth Management clientele will be acquired by Indosuez Wealth Management, a division of Crédit Agricole Group, as part of an agreement to increase its presence in Monaco. CFM Indosuez, the group's long-established Monegasque entity, has struck a deal to take over BNP Paribas' Wealth Management client base in the Principality. The move will bolster Indosuez's already strong presence in the local market, where company has been operating since 1922. In addition to acquiring the clients, Indosuez will form a strategic collaboration with BNP Paribas to provide long-term support to the latter's Wealth Management clients in Monaco. The transaction, subject to regulatory approval, is likely to close in the first half of 2026. Moreover, the acquisition forms part of Indosuez's wider strategy to strengthen its presence among ultra-high net worth (UHNW) clients in Europe, particularly in a sector seeing increasing consolidation. Jacques Prost, Chief Executive Officer of Indosuez Wealth Management stated: 'This acquisition would strengthen our position in Monaco with ultra-high net worth clients (UHNW). Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is a major player in wealth management in Europe.' For BNP Paribas clients in Monaco, the transition means continuity and improved services. CFM Indosuez will provide them with access to a wide range of banking and advising services. These include corporate finance, fund servicing and management, as well as global financing capabilities supported by Crédit Agricole. Mathieu Ferragut, CEO of CFM Indosuez Wealth Management and Deputy CEO of Indosuez Wealth Management added: 'We are delighted to welcome the Wealth Management clients of BNP Paribas Group's Monaco subsidiary. This strengthens our position as Monaco's leading bank and number one employer. We will work together to make this acquisition a success for both clients and employees.' BNP Paribas has defined the arrangement as part of a strategic restructuring of its Monaco business, with the goal of focusing on a single platform. While the group will leave the Wealth Management sector in the Principality, it will maintain a local presence through corporate, private, and retail banking services. Françoise Puzenat, Head of Monaco at BNP Paribas shared: 'We are delighted with the agreement reached with CFM Indosuez, a recognised player in the market and with all the assets needed to ensure the best possible continuity of service for our clients and the employees who join them. The sale of the Wealth Management business in Monaco is part of our strategic decision to refocus our local activities on a single platform. BNP Paribas will continue to develop its domestic commercial banking business line in Monaco, which includes corporate banking, private banking and retail banking.' The financial impact of the deal on Crédit Agricole S.A.'s Common Equity Tier 1 (CET1) capital ratio is expected to be minimal. "Indosuez gains BNP Paribas wealth management clients in Monaco" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
04-04-2025
- Business
- Yahoo
Indosuez to acquire Banque Thaler in major Swiss market push
Indosuez Wealth Management has expanded its roots in Switzerland with the planned acquisition of Banque Thaler, a Geneva-based institution noted for its wealth management expertise. The transaction represents a big step forward in Indosuez's expansion strategy, particularly in a market that is rapidly consolidating. Indosuez Wealth Management, a Crédit Agricole Group subsidiary, has inked a deal through its Swiss business to buy Banque Thaler's whole share capital. The transaction, which requires regulatory approval, is expected to close in the second half of 2025. Banque Thaler, founded in 1982, has a reputation for individualised client service and extensive wealth management capabilities. Indosuez, which has been in Switzerland since 1876, sees the acquisition as a chance to improve its service offering while also expanding its position in the global wealth management capital. Jacques Prost, CEO of Indosuez Wealth Management stated: '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, added: 'We are delighted to welcome Banque Thaler. Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion . We will work with Banque Thaler's teams to make this acquisition a success for both clients and employees.' The combined offering will allow clients of Banque Thaler access to Indosuez's global capabilities, including corporate finance, asset management, fund servicing, and specialised financing solutions. The deal will also allow both institutions to benefit from shared resources and a larger pool of expertise. From Banque Thaler's perspective, the partnership promises to bring long-term advantages for both clients and staff. Dirk Eelbode, CEO of Banque Thaler shared: '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.' Once completed, the acquisition will bring Indosuez Wealth Management's total assets under management close to €220bn ($221bn), cementing its place among the wealth management firms in Europe. "Indosuez to acquire Banque Thaler in major Swiss market push" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Indosuez Wealth Management plans to acquire Banque Thaler
Press release Geneva / Paris / Brussels, 4 April 2025 Indosuez Wealth Management plans to acquire Banque Thaler 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. For Jacques Prost, Chief Executive Officer 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, Chief Executive Officer 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.' 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. The impact on Crédit Agricole S.A.'s CET1 ratio would be limited. **** Indosuez Wealth Management contacts Indosuez Wealth Management: Jenny Sensiau I I +33 7 86 22 15 24 Indosuez Wealth Management: Melinda Raverdy | | +41 79 258 7829 About 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. Find out more at About Indosuez in Switzerland Indosuez Wealth Management is one of Switzerland's leading financial institutions, and is now one of the country's top three foreign banks. The bank in Switzerland handles wealth management, transactional commodity financing and commercial banking. Its roots date back to 1876, when it was established in Geneva. Its teams include more than 800 specialists based in Geneva, Lugano and Zurich, as well as in Asia (Hong Kong and Singapore) and in the Middle East (Abu Dhabi and Dubai). They combine their knowledge of the local environment with the extensive expertise and scope for action of the global network of Indosuez, Crédit Agricole CIB and the Crédit Agricole Group. The Swiss platform is in charge of developing Indosuez Wealth Management's activities in Switzerland, the Middle East and Asia. Find out more at and at About Banque ThalerBanque 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. 1 For CA Indosuez (Switzerland) SA - Pro forma to date Attachment EN 04 04 2025 Indosuez Wealth Management plans to acquire Banque ThalerSign in to access your portfolio
