Crédit Agricole Corporate and Investment Bank: Difference between revisions

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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> Paul de Leusse, Deputy CEO<br>Régis Monfront, Deputy CEO<br> Jacques Prost, Deputy CEO |
num_employees = 9,500|<br>
num_employees = 9,500|<br>
Share_capital = EUR 7,254,575,271|
Share_capital = EUR 7,254,575,271|
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Jean-Yves HOCHER, Chief Executive Officer
Jean-Yves HOCHER, Chief Executive Officer


Pierre CAMBEFORT, Deputy Chief Executive Officer
Paul de Leusse, Deputy Chief Executive Officer


Francis CANTERINI, Deputy General Manager
Régis MONFRONT, Deputy Chief Executive Officer

Jacques PROST, Deputy Chief Executive Officer


Régis MONFRONT, Deputy Chief Executive Officer
Régis MONFRONT, Deputy Chief Executive Officer
Line 30: Line 32:
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
Régis MONFRONT (Interim), Global Investment Banking


Jacques PROST, Structured Finance
Jacques de VILLAINES, Structured Finance


Thomas GADENNE, Fixed Income Markets
Thomas GADENNE, Fixed Income Markets
Line 40: Line 42:
Daniel PUYO, Risk and Permanent Control
Daniel PUYO, Risk and Permanent Control


Paul de LEUSSE, Finance
Frédéric MERON, Finance


Frédéric COUDREAU, Global Operations
Frédéric COUDREAU, Global Operations

Revision as of 15:06, 3 September 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)
Paul de Leusse, Deputy CEO
Régis Monfront, Deputy CEO
Jacques Prost, Deputy CEO
ProductsFinancial Services
Number of employees
9,500
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 9500 employees[1] in 32 countries,[2] 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

[3] Jean-Yves HOCHER, Chief Executive Officer

Paul de Leusse, Deputy Chief Executive Officer

Régis MONFRONT, Deputy Chief Executive Officer

Jacques PROST, Deputy Chief Executive Officer

Régis MONFRONT, Deputy Chief Executive Officer

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

Régis MONFRONT (Interim), Global Investment Banking

Jacques de VILLAINES, Structured Finance

Thomas GADENNE, Fixed Income Markets

Jean-François BALAY, Debt Optimisation and Distribution

Daniel PUYO, Risk and Permanent Control

Frédéric MERON, 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.

Business Lines

Structured finance

Air transportation and rail, shipping, real estate, natural resources, infrastructure and power, energy, acquisition finance, transactional commodity finance, tax based leases.

Investment banking

In France and worldwide, Crédit Agricole CIB advises clients on top-half of the balance sheet transactions and specialised financing.

Fixed income

Sales and trading activities on the primary and secondary markets (rates, credit, foreign exchange, fixed-income, securitisation and treasury). In 2011, Crédit Agricole CIB announced the closing of equity derivatives and commodities. Debt Optimisation and Distribution

Created in 2012 with the new Distribute-to-originate model, Debt Optimisation and Distribution originates, structures and arranges syndicated and bilateral medium-term and long-term loans, for corporates and financial institutions.

Commercial Banking and Trade

Commercial banking services non-financial companies and financial institutions: non-structured financings, guarantees and sureties, export and trade finance, cash management and liability management.

The bank’s commitments

CSR (Corporate Social Responsibility)

Crédit Agricole CIB is committed as far as Corporate Social Responsibility (CSR) is concerned. One example is FReD,[4] a Crédit Agricole S.A program to enhance CSR: action plans cover environmental aspects (recycling, biodiversity…), employee-related projects (background and gender equality, handicap) and customer-related issues (fight against fraud, protection of personal data …). These plans are monitored by progress indicators.

Patronage

Since 2009 Crédit Agricole CIB has been a patron of the musée du quai Branly[5] and since 2010 of the Théâtre du Châtelet. For several years, Crédit Agricole CIB has participated in the Financial Community Telethon,[6] an event which takes place in December as part of the National Telethon.

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.

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.[7]

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. [8]

As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB).[9]

Operations

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

See also

References

  1. ^ Activity report 2012 - http://interactif.ca-cib.com/fr/rai-2012/
  2. ^ Credit Agricole CIB:International network
  3. ^ http://www.ca-cib.com/group-overview/corporate-governance.htm
  4. ^ FRED - http://www.credit-agricole.com/en/Committed-and-responsible/FReD-an-original-CSR-approach
  5. ^ Musée du Quai Branly - http://www.quaibranly.fr/en/support-the-museum-privatise/patronage/corporate-patrons/credit-agricole-cib.html
  6. ^ Téléthon - http://www.telethondelacommunautefinanciere.com/Credit-Agricole-CIB-chef-de-file_a24.html
  7. ^ LeMonde.fr (in french)
  8. ^ BBC (in english)
  9. ^ Bank website (via "News")
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