Crédit Agricole CIB (Crédit Agricole Corporate And Investment Bank) Is An Investment Bank Under The French Financial Institution Group Crédit Agricole (CA). The Bank Has Branches In 58 Countries And Regions Around The World And Employs 13,000 People.
History
Main Article: Banque Indosuez
After Banque Indosuez Was Acquired, It Carried Out Several Asset Restructurings With Crédit Agricole From 1997 To 2002. On April 30, 2004, Crédit Agricole Completed The Acquisition Of Crédit Lyonnais And Changed Its Name To Calyon. On February 6, 2010, Calyon Changed Its Name To Crédit Agricole Corporate And Investment Bank.
On July 21, 2012, CITIC Securities, Through Its Wholly-owned Subsidiary CITIC Securities International, Acquired The Entire Equity Of CLSA Asia-Pacific Markets From Crédit Agricole CIB For US $1.252 Billion (approximately HK $9.725 Billion), Becoming The First Mainland Brokerage To Successfully Acquire An Overseas Securities Bank. CITIC Securities Stated That It Will Pay US $303 Million To Acquire The 19.9% Equity Of CLSA First, And Then Acquire The Remaining 80.1% Equity Of CLSA For US $941.68 Million After Completing The Internal And External Approval Procedures Related To The Subsequent Transaction. However, This Part Of The Equity Acquisition May Be Subject To Shareholder Approval At The Extraordinary General Meeting.
On December 20, 2019, The China Banking And Insurance Regulatory Commission Approved Amundi Asset Management And ** BOC Wealth Management Co., Ltd. ** To Establish A Joint Venture Wealth Management Company In Shanghai. Amundi Invested 55% And BOC Wealth Management Invested 45%, Making It The First Foreign-controlled Wealth Management Company In Mainland China.
Business Areas
Investment Banking
Crédit Agricole CIB Grows Together With Domestic And Foreign Enterprises. It Mainly Engages In Financing Business And A Series Of Corporate Financing Businesses.
Market Bank
Crédit Agricole CIB Deals In Both Standard And Structured Market Products: Exchange Rate Products, Interest Rate Derivatives, Debt Products, As Well As Credit Markets, Raw Material Markets And Money Markets. In 2011 Crédit Agricole CIB Announced The Cessation Of Trading In Equity Derivatives And Raw Material Derivatives.
Structured Finance
This Type Of Business Is Designed To Initiate, Structure And Finance Large Export And Investment Transactions, Mainly Based On Security Collateral Such As Aircraft, Ships, Corporate Real Estate, Raw Materials, Etc., Or On Structured Credit.
Debt Optimization And Issuance
With The Establishment Of The New R & D-Issuance Model In 2012, The Debt Optimization And Issuance Business Was Launched. Mainly Serving The R & D, Structuring And Issuance Arrangements Of Medium And Long-term Syndicated Loans And Bilateral Loans To Enterprises And Financial Institution Groups.
Commercial And Trade Bank
A Commercial Banking Service For Enterprises And Financial Institution Groups: Unstructured Finance, Mortgage And Guarantee, Export And Transaction Financing, Funds And Resource Management.
Brokerage
Crédit Agricole CIB Provides Securities Brokerage Services For Equities And Listed Derivatives To Clients Through Its Cheuvreux (Europe/Middle East...), CLSA (Asia), Crédit Agricole Securities (USA) And Newedge (co-owned With Société Générale) Divisions. In November 2012, Crédit Agricole CIB Transferred Crédit Lyonnais To CITIC Securities. In April 2013, Kepler Completed The Acquisition Of Cheuvreux.
