Crédit Agricole Corporate and Investment Bank: Difference between revisions

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{{Infobox company |
{{Infobox company |
company_name = Crédit Agricole CIB|
name = Crédit Agricole CIB|
company_logo = [[Image:Crédit Agricole CIB rgb.png|Crédit Agricole Corporate and Investment Bank official logo]] |
logo = [[Image:Crédit Agricole CIB rgb.png|Crédit Agricole Corporate and Investment Bank official logo]] |
company_type = Limited-liability company|
type = Limited-liability company|
company_slogan = ''"It's time for green banking"''|
company_slogan = ''"It's time for green banking"''|
foundation = May 1, 2004 |
foundation = May 1, 2004 |
location = [[Paris, France]]|
location = [[Paris, France]]|
key_people = [[Jean-Paul Chifflet]] ([[Chairman]])<br /> Jean-Yves Hocher ([[Chief Executive Officer|CEO]])<br /> Pierre Cambefort, Deputy CEO<br />Régis Monfront, Deputy CEO<br /> Francis Canterini, Deputy General Manager |
key_people = [[Jean-Paul Chifflet]] ([[Chairman]])<br> Jean-Yves Hocher ([[Chief Executive Officer|CEO]])<br> Pierre Cambefort, Deputy CEO<br>Régis Monfront, Deputy CEO<br> Francis Canterini, Deputy General Manager |
num_employees = 12,000|<br />
num_employees = 12,000|<br>
Share_capital = EUR 7,254,575,271|
Share_capital = EUR 7,254,575,271|
parent = [[Crédit Agricole]]|
parent = [[Crédit Agricole]]|
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'''Crédit Agricole Corporate and Investment Bank''' (Crédit Agricole CIB, formerly Calyon) is [[Crédit Agricole]]'s corporate and [[investment banking]] entity. With a staff of 12,000 employees in 32 countries,<ref>[http://www.ca-cib.com/global-presence.htm Credit Agricole CIB:International network]</ref> Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities. Clients are primarily corporates, governments, and banks, with a small footprint in the investor segment.
'''Crédit Agricole Corporate and Investment Bank''' (Crédit Agricole CIB, formerly Calyon) is [[Crédit Agricole]]'s corporate and [[investment banking]] entity. With a staff of 12,000 employees in 32 countries,<ref>[http://www.ca-cib.com/global-presence.htm Credit Agricole CIB:International network]</ref> Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities. Clients are primarily corporates, governments, and banks, with a small footprint in the investor segment.


==Corporate governance==
⚫
==CORPORATE GOVERNANCE<ref>http://www.ca-cib.com/group-overview/corporate-governance.htm</ref>==


===Executive committee===
===Executive committee===
⚫
<ref>http://www.ca-cib.com/group-overview/corporate-governance.htm</ref>
⚫
Jean-Yves HOCHER, Chief Executive Officer


Jean-Yves HOCHER, Chief Executive Officer<br />
Pierre CAMBEFORT, Deputy Chief Executive Officer


⚫
Francis CANTERINI, Deputy General Manager
⚫
Pierre CAMBEFORT, Deputy Chief Executive Officer<br />

⚫
Francis CANTERINI, Deputy General Manager<br />


Régis MONFRONT, Deputy Chief Executive Officer
Régis MONFRONT, Deputy Chief Executive Officer
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Thierry SIMON, Client Coverage, International network, Commercial Banking and Trade
Thierry SIMON, Client Coverage, International network, Commercial Banking and Trade


Alix CAUDRILLIER, Global Investment Banking<br />
Alix CAUDRILLIER, Global Investment Banking


Jacques PROST, Structured Finance<br />
Jacques PROST, Structured Finance


Thomas GADENNE, Fixed Income Markets
Thomas GADENNE, Fixed Income Markets
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Jean-François BALAY, Debt Optimisation and Distribution
Jean-François BALAY, Debt Optimisation and Distribution


Daniel PUYO, Risk and Permanent Control<br />
Daniel PUYO, Risk and Permanent Control


Paul de LEUSSE, Finance<br />
Paul de LEUSSE, Finance


Frédéric COUDREAU, Global Operations<br />
Frédéric COUDREAU, Global Operations


Pierre DULON, Global IT<br />
Pierre DULON, Global IT


Ivana BONNET, Human Resources<br />
Ivana BONNET, Human Resources


Catherine DUVAUD, Compliance<br />
Catherine DUVAUD, Compliance


Bertrand HUGONET, Corporate Secretary
Bertrand HUGONET, Corporate Secretary
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The Management Committee gathers a hundred members including the Executive Committee members.
The Management Committee gathers a hundred members including the Executive Committee members.


==HISTORY==
==History==
Calyon was created in May 2004 by the transfer of assets from [[Crédit Lyonnais]]' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI), which had been created in 1996 with the purchase of Banque Indosuez by Crédit Agricole.
Calyon was created in May 2004 by the transfer of assets from [[Crédit Lyonnais]]' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI), which had been created in 1996 with the purchase of Banque Indosuez by Crédit Agricole.


As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB).<ref>[http://www.ca-cib.com Bank website (via "News")]</ref>
As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB).<ref>[http://www.ca-cib.com Bank website (via "News")]</ref>


==OPERATIONS==
==Operations==
Its activities are grouped into two major divisions: the Capital Markets & Investment Banking Division and the Financing Division.
Its activities are grouped into two major divisions: the Capital Markets & Investment Banking Division and the Financing Division.


==TRADING LOSSES==
==Trading Losses==
In September 2007, a Crédit Agricole CIB New York trader lost the firm [[Euro|€]]250M (US$320M). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from the firm's New York branch.<ref>[http://www.lemonde.fr/web/article/0,1-0@2-3234,36-956995@51-957103,0.html LeMonde.fr (in french)]</ref>
In September 2007, a Crédit Agricole CIB New York trader lost the firm [[Euro|€]]250M (US$320M). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from the firm's New York branch.<ref>[http://www.lemonde.fr/web/article/0,1-0@2-3234,36-956995@51-957103,0.html LeMonde.fr (in french)]</ref>


Revision as of 20:48, 9 June 2013

Crédit Agricole CIB
Company typeLimited-liability company
IndustryFinance and Insurance
FoundedMay 1, 2004
HeadquartersParis, France
Key people
Jean-Paul Chifflet (Chairman)
Jean-Yves Hocher (CEO)
Pierre Cambefort, Deputy CEO
Régis Monfront, Deputy CEO
Francis Canterini, Deputy General Manager
ProductsFinancial Services
Number of employees
12,000
ParentCrédit Agricole
Websitewww.ca-cib.com

Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB, formerly Calyon) is Crédit Agricole's corporate and investment banking entity. With a staff of 12,000 employees in 32 countries,[1] Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities. Clients are primarily corporates, governments, and banks, with a small footprint in the investor segment.

Corporate governance

Executive committee

[2] Jean-Yves HOCHER, Chief Executive Officer

Pierre CAMBEFORT, Deputy Chief Executive Officer

Francis CANTERINI, Deputy General Manager

Régis MONFRONT, Deputy Chief Executive Officer

Thierry SIMON, Client Coverage, International network, Commercial Banking and Trade

Alix CAUDRILLIER, Global Investment Banking

Jacques PROST, Structured Finance

Thomas GADENNE, Fixed Income Markets

Jean-François BALAY, Debt Optimisation and Distribution

Daniel PUYO, Risk and Permanent Control

Paul de LEUSSE, Finance

Frédéric COUDREAU, Global Operations

Pierre DULON, Global IT

Ivana BONNET, Human Resources

Catherine DUVAUD, Compliance

Bertrand HUGONET, Corporate Secretary

Management Committee

The Management Committee gathers a hundred members including the Executive Committee members.

History

Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI), which had been created in 1996 with the purchase of Banque Indosuez by Crédit Agricole.

As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB).[3]

Operations

Its activities are grouped into two major divisions: the Capital Markets & Investment Banking Division and the Financing Division.

Trading Losses

In September 2007, a Crédit Agricole CIB New York trader lost the firm €250M (US$320M). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from the firm's New York branch.[4]

Credit Agricole lost €857m ($1.1bn, £657m) in the fourth quarter of 2007, primarily as a result of the €3.3bn charge on losses attributed to the credit crisis. [5]

See also

References

  1. ^ Credit Agricole CIB:International network
  2. ^ http://www.ca-cib.com/group-overview/corporate-governance.htm
  3. ^ Bank website (via "News")
  4. ^ LeMonde.fr (in french)
  5. ^ BBC (in english)
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