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{{Infobox company
{{Infobox company
| name = Crédit Agricole CIB
| name = Crédit Agricole CIB
| logo = [[File:CréditAgricoleCIB logo.svg|Crédit Agricole Corporate and Investment Bank official logo]]
| logo = File:CréditAgricoleCIB logo.svg
| type = Limited-liability company
| type = Limited-liability company
| industry = [[Finance and Insurance]]
| 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> Paul de Leusse, Deputy CEO<br>Régis Monfront, Deputy CEO<br> Jacques Prost, Deputy CEO
| key_people = [[Philippe Brassac]] ([[Chairman]])<br> Xavier Musca ([[Chief Executive Officer|CEO]])<br> Jean-François Balaÿ, Deputy CEO<br>Olivier Bélorgey, Deputy CEO<br> Pierre Gay, Deputy CEO
| products = [[Financial services]]
| num_employees = 9,500
| num_employees = 8,940
| share_capital = EUR 7,254,575,271
| parent = [[Crédit Agricole]]
| parent = [[Crédit Agricole]]
| industry = [[Finance and Insurance]]
| products = [[Financial Services]]
| homepage = {{URL|http://www.ca-cib.com}}
| homepage = {{URL|http://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<ref>Activity report 2012 - http://interactif.ca-cib.com/fr/rai-2012/</ref> 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 [[Crédit Agricole Indosuez]] then [[Calyon]]) is [[Crédit Agricole]]'s corporate and [[investment banking]] entity. With a staff of 8,940 employees<ref name=":0">Activity report 2021 - [https://www.ca-cib.com/activity-report/en/] {{Webarchive|url=https://web.archive.org/web/20130818004939/http://interactif.ca-cib.com/fr/rai-2012/ |date=2013-08-18 }}</ref> (excluding private banking)<ref name=":0" /> in 32 countries,<ref>{{Cite web |url=http://www.ca-cib.com/global-presence.htm |title=Credit Agricole CIB:International network |access-date=2010-02-08 |archive-url=https://web.archive.org/web/20100211051424/http://www.ca-cib.com/global-presence.htm |archive-date=2010-02-11 |url-status=dead }}</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.


==History==
==History==
[[File:Edificio Crédit Agricole IndoSuez, Madrid, 2017-12-22, Triplecaña 05.jpg|thumb|Office of Crédit Agricole CIB in Madrid, known as {{ill|Edificio Crédit Agricole IndoSuez|es}}]]
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.


The division was rebranded Credit Agricole Corporate & Investment Bank (CACIB) in Feb 2010.
[[Crédit Agricole Indosuez]] (CAI) was created in 1996 with the purchase of [[Banque Indosuez]] by Crédit Agricole. [[Calyon]] was created in May 2004 by the transfer to CAI of assets from [[Crédit Lyonnais]]' Corporate and Investment Banking division. The division was rebranded Crédit Agricole Corporate & Investment Bank (CACIB) in February 2010.


In September 2022, Xavier Musca has been appointed CEO of CACIB, in replacement of Jacques Ripoll<ref>{{Cite web|url=https://www.ca-cib.com/pressroom/news/changes-governance-xavier-musca-succeed-jacques-ripoll-chief-executive-officer|title=Xavier Musca has been appointed CEO of CACIB|website=www.ca-cib.com }}</ref>
==The bank's commitments==


==Business Lines==
===CSR (Corporate Social Responsibility)===
Its activities are arranged into eight major divisions: Client Coverage & International Network, Debt Optimization & Distribution, Global Investment Bank, Global Markets Division, Structured Finance, International Trade & Transaction Banking, Sustainable Banking and niche activities (Islamic Banking and RMB offer).
Crédit Agricole CIB is committed as far as Corporate Social Responsibility (CSR) is concerned.
One example is FReD,<ref>FRED - http://www.credit-agricole.com/en/Committed-and-responsible/FReD-an-original-CSR-approach</ref> 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.


===Client Coverage & International Network===
===Patronage===
Coverage dedicated to large French corporate and international clients.{{citation needed|date=January 2018}}


===Debt Optimization & Distribution===
Since 2009 Crédit Agricole CIB has been a patron of the musée du quai Branly<ref>Musée du Quai Branly - http://www.quaibranly.fr/en/support-the-museum-privatise/patronage/corporate-patrons/credit-agricole-cib.html</ref> and since 2010 of the Théâtre du Châtelet.
Debt Optimisation and Distribution business line, covering corporates and financial institutions, is dedicated to the origination, structuring and arrangement of syndicated and bilateral medium-term and long-term loans. It is also in charge of underwriting and of primary and secondary distribution of syndicated loans to banks and non-bank institutional investors.{{citation needed|date=January 2018}}
For several years, Crédit Agricole CIB has participated in the Financial Community Telethon,<ref>Téléthon - http://www.telethondelacommunautefinanciere.com/Credit-Agricole-CIB-chef-de-file_a24.html</ref> an event which takes place in December as part of the National Telethon.


===Global Investment Bank===
==Business Lines==
In France and throughout the world, Global Investment Banking helps the Bank's clients by advising them on issues related to "top-half of the balance sheet" (i.e. equity) transactions and structuring and executing specialised financing (Telecom Finance and Structured Financial Solutions).
Its activities are arranged into two major divisions, Capital Markets & Investment Banking Division and Financing Division.

===Global Markets Division===
Global Markets handles all sales and trading activities on the primary and secondary markets (rates, credit, foreign exchange, fixed-income, securitisation and treasury) for products designed for corporates, financial institutions and large issuers. These trading and sales entities are supported by research departments.


===Structured Finance===
===Structured Finance===
The Structured Finance business consists in originating, structuring, and financing operations involving large-scale investments in France and abroad, often backed by collateral security (e.g. aircraft, ships, corporate real estate, or commodities), as well as complex and structured loans.
Air transportation and rail, shipping, real estate, natural resources, infrastructure and power, energy, acquisition finance, transactional commodity finance, tax based leases.


===Investment Banking===
===International Trade & Transaction Banking===
In France and worldwide, Crédit Agricole CIB advises clients on top-half of the balance sheet transactions and specialised financing.


===Fixed Income===
===Sustainable Banking===
Crédit Agricole CIB advises its clients on operations integrating social and environmental considerations.<ref>{{Cite web|url=https://www.ca-cib.com/our-solutions/sustainable-banking|title=Our solutions: sustainable banking|website=Crédit agricole CIB|access-date=28 January 2018}}</ref>
* Sales and trading activities on the primary and secondary markets (foreign exchange, credit, government rates, securitisation and treasury).
* '''''Debt Optimisation and Distribution strategy.''''' An approach 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.
* Won awards for primary issuance in the Euro-denominated bond markets. Ranked 5 in 2011 and ranked 4 in 2012 for Dealogic all-Euro bond issuance (across all asset classes).


=== Niche Activities: Islamic banking and RMB offer ===
===Commercial Banking and Trade===
Crédit Agricole CIB developed sharia compliant products<ref>{{Cite web|url=https://www.ca-cib.com/our-solutions/islamic-banking|title=Our solutions: Islamic banking|access-date=28 January 2018}}</ref> and services and a full range of [[Renminbi]] services.<ref>{{Cite web|url=https://www.ca-cib.com/our-solutions/rmb-offer|title=Our solutions: RMB offer|access-date=28 January 2018}}</ref>
Commercial banking services non-financial companies and financial institutions: non-structured financings, guarantees and sureties, export and trade finance, cash management and liability management.


===Historical Lines===
===Historical Lines===
In 2011, Crédit Agricole CIB announced the closing of equity derivatives and commodities.
In 2011, Crédit Agricole CIB announced the closing of equity derivatives and commodities.

==Notable Events==

===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>

===Financial Crisis (needs expansion)===

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 [[Financial crisis of 2007–2010|credit crisis]].
<ref>[http://news.bbc.co.uk/2/hi/business/7278702.stm BBC (in english)]</ref>

===Rebranding===

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>

==Corporate Governance==

===Executive committee===
<ref>http://www.ca-cib.com/group-overview/corporate-governance.htm</ref>
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

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 has 100 members, including Executive Committee members.


==See also==
==See also==
{{Portal|Banks}}
* [[Calyon Financial]]
* [[Calyon Financial]]
* [[Crédit Agricole]]
* [[Crédit Agricole]]
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==References==
==References==
{{Reflist}}
{{Reflist}}
{{Credit Agricole Group}}

{{Major investment banks}}
{{Major investment banks}}
{{Authority control}}


{{DEFAULTSORT:Credit Agricole Corporate And Investment Bank}}
{{DEFAULTSORT:Credit Agricole Corporate And Investment Bank}}

Latest revision as of 12:45, 24 July 2023

Crédit Agricole CIB
Company typeLimited-liability company
IndustryFinance and Insurance
FoundedMay 1, 2004
HeadquartersParis, France
Key people
Philippe Brassac (Chairman)
Xavier Musca (CEO)
Jean-François Balaÿ, Deputy CEO
Olivier Bélorgey, Deputy CEO
Pierre Gay, Deputy CEO
ProductsFinancial services
Number of employees
8,940
ParentCrédit Agricole
Websitewww.ca-cib.com

Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB, formerly Crédit Agricole Indosuez then Calyon) is Crédit Agricole's corporate and investment banking entity. With a staff of 8,940 employees[1] (excluding private banking)[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.

History[edit]

Office of Crédit Agricole CIB in Madrid, known as Edificio Crédit Agricole IndoSuez [es]

Crédit Agricole Indosuez (CAI) was created in 1996 with the purchase of Banque Indosuez by Crédit Agricole. Calyon was created in May 2004 by the transfer to CAI of assets from Crédit Lyonnais' Corporate and Investment Banking division. The division was rebranded Crédit Agricole Corporate & Investment Bank (CACIB) in February 2010.

In September 2022, Xavier Musca has been appointed CEO of CACIB, in replacement of Jacques Ripoll[3]

Business Lines[edit]

Its activities are arranged into eight major divisions: Client Coverage & International Network, Debt Optimization & Distribution, Global Investment Bank, Global Markets Division, Structured Finance, International Trade & Transaction Banking, Sustainable Banking and niche activities (Islamic Banking and RMB offer).

Client Coverage & International Network[edit]

Coverage dedicated to large French corporate and international clients.[citation needed]

Debt Optimization & Distribution[edit]

Debt Optimisation and Distribution business line, covering corporates and financial institutions, is dedicated to the origination, structuring and arrangement of syndicated and bilateral medium-term and long-term loans. It is also in charge of underwriting and of primary and secondary distribution of syndicated loans to banks and non-bank institutional investors.[citation needed]

Global Investment Bank[edit]

In France and throughout the world, Global Investment Banking helps the Bank's clients by advising them on issues related to "top-half of the balance sheet" (i.e. equity) transactions and structuring and executing specialised financing (Telecom Finance and Structured Financial Solutions).

Global Markets Division[edit]

Global Markets handles all sales and trading activities on the primary and secondary markets (rates, credit, foreign exchange, fixed-income, securitisation and treasury) for products designed for corporates, financial institutions and large issuers. These trading and sales entities are supported by research departments.

Structured Finance[edit]

The Structured Finance business consists in originating, structuring, and financing operations involving large-scale investments in France and abroad, often backed by collateral security (e.g. aircraft, ships, corporate real estate, or commodities), as well as complex and structured loans.

International Trade & Transaction Banking[edit]

Sustainable Banking[edit]

Crédit Agricole CIB advises its clients on operations integrating social and environmental considerations.[4]

Niche Activities: Islamic banking and RMB offer[edit]

Crédit Agricole CIB developed sharia compliant products[5] and services and a full range of Renminbi services.[6]

Historical Lines[edit]

In 2011, Crédit Agricole CIB announced the closing of equity derivatives and commodities.

See also[edit]

References[edit]

  1. ^ a b Activity report 2021 - [1] Archived 2013-08-18 at the Wayback Machine
  2. ^ "Credit Agricole CIB:International network". Archived from the original on 2010-02-11. Retrieved 2010-02-08.
  3. ^ "Xavier Musca has been appointed CEO of CACIB". www.ca-cib.com.
  4. ^ "Our solutions: sustainable banking". Crédit agricole CIB. Retrieved 28 January 2018.
  5. ^ "Our solutions: Islamic banking". Retrieved 28 January 2018.
  6. ^ "Our solutions: RMB offer". Retrieved 28 January 2018.
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