Crédit Agricole Corporate and Investment Bank: Difference between revisions
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Revision as of 12:41, 10 October 2017
Company type | Limited-liability company |
---|---|
Industry | Finance and Insurance |
Founded | May 1, 2004 |
Headquarters | Paris, France |
Key people | Philippe Brassac (Chairman) Jean-Yves Hocher (CEO) François Marion, Deputy CEO Régis Monfront, Deputy CEO Jacques Prost, Deputy CEO |
Products | Financial Services |
Number of employees | 9,500 |
Parent | Crédit Agricole |
Website | www |
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.
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.
The division was rebranded Credit Agricole Corporate & Investment Bank (CACIB) in Feb 2010.
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,[3] 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[4] and since 2010 of the Théâtre du Châtelet. For several years, Crédit Agricole CIB has participated in the Financial Community Telethon,[5] an event which takes place in December as part of the National Telethon.
Business Lines
Its activities are arranged into six major divisions: Client Coverage & International Network, Debt Optimization & Distribution, Global Investment Bank, Global Markets Division, Structured Finance and International Trade & Transaction Banking.
Client Coverage & International Network
Coverage dedicated to large French corporate and international clients.
Debt Optimization & Distribution
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.
Global Investment Bank
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
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 dedicated research departments.
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.
International Trade & Transaction Banking
Through a worldwide network of dedicated professionals, the International Trade and Transaction Banking department provides a wide range of solutions to Corporate and Financial Institutions clients for their working capital and international trade needs
Historical Lines
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 €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.[6]
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 credit crisis. [7]
Rebranding
As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB).[8]
Corporate Governance
Executive committee
[9] Jean-Yves HOCHER, Chief Executive Officer
François MARION, Deputy Chief Executive Officer
Régis MONFRONT, Deputy Chief Executive Officer
Jacques PROST, Deputy Chief Executive Officer
Hélène COMBE-GUILLEMET, Global Investment Banking
Jacques de VILLAINES, Structured Finance
Isabelle GIROLAMI, Global Markets Division
Jamie MABILAT, Debt Optimisation and Distribution
Jean-François BALAY, Risk and Permanent Control
Olivier BELORGEY, Finance
Frédéric COUDREAU, Global Operations
Pierre DULON, Global IT
Martine BOUTINET, Human Resources
Catherine DUVAUD, Compliance
Bertrand HUGONET, Corporate Secretary
Management Committee
The Management Committee has 100 members, including Executive Committee members.
See also
References
- ^ Activity report 2012 - http://interactif.ca-cib.com/fr/rai-2012/
- ^ Credit Agricole CIB:International network
- ^ FRED - "Archived copy". Archived from the original on 2013-05-10. Retrieved 2013-08-02.
{{cite web}}
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suggested) (help)CS1 maint: archived copy as title (link) - ^ Musée du Quai Branly - http://www.quaibranly.fr/en/support-the-museum-privatise/patronage/corporate-patrons/credit-agricole-cib.html
- ^ Téléthon - http://www.telethondelacommunautefinanciere.com/Credit-Agricole-CIB-chef-de-file_a24.html
- ^ LeMonde.fr (in french)
- ^ BBC (in english)
- ^ Bank website (via "News")
- ^ http://www.ca-cib.com/group-overview/corporate-governance.htm