Crédit Agricole Corporate and Investment Bank: Difference between revisions

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Update of the key figures and offers of the bank
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| location = [[Paris, France]]
| location = [[Paris, France]]
| key_people = [[Philippe Brassac]] ([[Chairman]])<br> Jean-Yves Hocher ([[Chief Executive Officer|CEO]])<br> François Marion, Deputy CEO<br>Régis Monfront, Deputy CEO<br> Jacques Prost, Deputy CEO
| key_people = [[Philippe Brassac]] ([[Chairman]])<br> Jean-Yves Hocher ([[Chief Executive Officer|CEO]])<br> François Marion, Deputy CEO<br>Régis Monfront, Deputy CEO<br> Jacques Prost, Deputy CEO
| num_employees = 9,500
| num_employees = 7,395
| share_capital = EUR 7,254,575,271
| share_capital = EUR 7,254,575,271
| parent = [[Crédit Agricole]]
| parent = [[Crédit Agricole]]
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}}
}}
{{ad|date=January 2018}}
{{ad|date=January 2018}}
'''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 Calyon) is [[Crédit Agricole]]'s corporate and [[investment banking]] entity. With a staff of 7 395 employees<ref name=":0">Activity report 2016 - [http://interactif.ca-cib.com/fr/rai-2012/ https://www.ca-cib.com/sites/default/files/2017-06/CACIB-HIGHLIGHTS_EN_2016.pdf]
</ref> (excluding private banking)<ref name=":0" /> 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.


==History==
==History==
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The division was rebranded Credit Agricole Corporate & Investment Bank (CACIB) in Feb 2010.
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,<ref>FRED - {{cite web |url=http://www.credit-agricole.com/en/Committed-and-responsible/FReD-an-original-CSR-approach |title=Archived copy |accessdate=2013-08-02 |deadurl=yes |archiveurl=https://web.archive.org/web/20130510053307/http://www.credit-agricole.com/en/Committed-and-responsible/FReD-an-original-CSR-approach |archivedate=2013-05-10 |df= }}</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.

===Patronage===

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.
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.


==Business Lines==
==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.
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===
===Client Coverage & International Network===
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Through a worldwide network, the International Trade and Transaction Banking department provides a wide range of [[solution]]s to Corporate and Financial Institutions clients for their working capital and international trade needs
Through a worldwide network, the International Trade and Transaction Banking department provides a wide range of [[solution]]s to Corporate and Financial Institutions clients for their working capital and international trade needs


=== '''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|last=|first=|date=|website=Crédit agricole CIB|archive-url=|archive-date=|dead-url=|access-date=28 January 2018}}</ref>.    

=== Niche Activities: Islamic banking and RMB offer ===
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|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|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|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=28 January 2018}}</ref>.


===Historical Lines===
===Historical Lines===

Revision as of 16:35, 28 January 2018

Crédit Agricole CIB
Company typeLimited-liability company
IndustryFinance and Insurance
FoundedMay 1, 2004
HeadquartersParis, France
Key people
Philippe Brassac (Chairman)
Jean-Yves Hocher (CEO)
François Marion, Deputy CEO
Régis Monfront, Deputy CEO
Jacques Prost, Deputy CEO
ProductsFinancial Services
Number of employees
7,395
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 7 395 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

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.

Business Lines

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

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

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.[citation needed]

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 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, 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

Sustainable Banking

Crédit Agricole CIB advises its clients on operations integrating social and environmental considerations[3].    

Niche Activities: Islamic banking and RMB offer

Crédit Agricole CIB developed sharia compliant products[4] and services and a full range of Renminbi services[5].

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

  1. ^ a b Activity report 2016 - https://www.ca-cib.com/sites/default/files/2017-06/CACIB-HIGHLIGHTS_EN_2016.pdf
  2. ^ Credit Agricole CIB:International network
  3. ^ "Our solutions: sustainable banking". Crédit agricole CIB. Retrieved 28 January 2018. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  4. ^ "Our solutions: Islamic banking". Retrieved 28 January 2018. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  5. ^ "Our solutions: RMB offer". Retrieved 28 January 2018. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  6. ^ LeMonde.fr (in french)
  7. ^ BBC (in english)
  8. ^ Bank website (via "News")
  9. ^ http://www.ca-cib.com/group-overview/corporate-governance.htm
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