Crédit Agricole Corporate and Investment Bank
 | |
| Company type | Limited-liability company |
|---|---|
| Industry | Finance and Insurance |
| Founded | May 1, 2004 |
| Headquarters | Paris, France |
Key people | Jean-Paul Chifflet (Chairman) Jean-Yves Hocher (CEO) Pierre Cambefort, Deputy CEO Régis Monfront, Deputy CEO Francis Canterini, Deputy General Manager |
| Products | Financial Services |
Number of employees | 9,500 |
| Parent | Crédit Agricole |
| Website | www.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
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.
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.
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).[4]
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.[5]
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. [6]
