CA Indosuez (Switzerland) SA received the Fair-ON-Pay+ certification as fair employer
Geneva, 25 November 2020 - CA Indosuez (Switzerland) SA received the "Fair-ON-Pay+" certification, which attests to the respect for equal pay between women and men within our Bank, in accordance with the federal directives in force. With this certification, the bank joins the small group of Swiss private banks meeting the label’s requirements certified by SGS (Société Générale de Surveillance), following the revision of the Gender Equality Act (GEA) in July 2020.
This recognition comes along a series of actions carried out by the Bank to improve of gender diversity as part of Indosuez Group’s Crescendo 2022 corporate project. This includes the adoption of an Equal Opportunities Charter giving concrete expression to the Bank’s commitment to promoting diversity within the Group and preventing all forms of discrimination. In line with the Group's corporate project, compensation, regardless of hiring at the beginning or throughout the employee's career, is set based on objective criteria such as the levels of qualification and experience, the responsibilities entrusted, contribution to results, as well as the benchmarks of the local employment market and in line with the Group’s remuneration policy.
In order to ensure fair treatment over time, the salary structure and any differences between men and women in equal positions and skill levels are analysed annually, with the Group committing to enforce any amendments that may be necessary.
Commenting on the certification, Jean-François Deroche, CEO of CA Indosuez (Switzerland) SA, said: "With this important step forward, Indosuez confirms its commitment to the principle of fair remuneration, setting gender equality at the heart of its development. Indeed, as a leader of collective intelligence and a recognised source of performance, gender diversity is now the subject of a dedicated action plan within our bank".
Aline Kleinfercher, Head of Human Resources at CA Indosuez (Switzerland) SA, commented: "We are very proud to receive the Fair-ON-Pay+ certification. It is the culmination of significant work carried out in recent years to build a solid, competitive remuneration model that is focused on skills and performance while ensuring equal pay for equal work".
Among the initiatives of Indosuez’s global action plan is the “Springboard programme’’, a project dedicated to female employees at the beginning of their careers and to enable them to work on their positioning and leadership. Offering women and men the same development opportunities means implementing concrete measures to promote real equality in terms of orientation, training, recruitment, working conditions, career development, promotion and remuneration.
About the Fair-ON-Pay analysis
The HR consultancy firm Comp-On applied the Fair-ON-Pay analysis to CA Indosuez (Switzerland) SA, in accordance with the SGS (Société Générale de Surveillance) certification standard, and processed the remuneration data of 594 employees. As a reminder, the right to equal pay for work of equal value in enterprises has been enshrined in the Federal Constitution for more than 30 years. However, since July 2020, following the revision of the Gender Equality Act (GEA), companies with more than 100 employees in Switzerland must carry out an analysis of their situation in this respect, validate it externally and communicate the results.
Melinda Raverdy, Communication Executive
Indosuez Wealth Management
Laurence De Cecco, Senior Consultant
T +41 22 344 79 02
About CA Indosuez (Switzerland) SA
CA Indosuez (Switzerland) SA is one of the leading institutions in the Swiss financial industry and one of the country's top five foreign banks. In addition to wealth management activities, the bank in Switzerland is active in the areas of Transactional Commodity Finance and Commercial Banking. Its roots date back to 1876, when Crédit Lyonnais, one of the great ancestors of today's bank, set it up in Geneva. Its teams include more than 1,000 wealth management specialists based in Geneva, Lugano and Zurich as well as in Asia and the Middle East. They combine their knowledge of the local environment with the extensive expertise and scope of action of the Indosuez Wealth Management global network and the Crédit Agricole Group. The Swiss platform steers the development of wealth management activities in Switzerland, the Middle East and Asia, with a total of CHF 40.5 billion in client assets as of 31 December 2019.
About Indosuez Wealth Management
Indosuez Wealth Management is the global wealth management brand of Crédit Agricole group, ranked 12th in the world based on Tier 1 capital (source: The Banker, data as of end 2019, July 2020).
Shaped by more than 140 years of experience helping families and entrepreneurs around the globe, Indosuez Wealth Management offers a tailored approach that enables clients to manage, protect and pass on their wealth according to their specific needs. Its teams take a comprehensive view and provide expert advice and exceptional service, offering a wide range of services for the management of both personal and business assets.
Renowned for its international reach combined with a human scale, Indosuez Wealth Management has 3,160 employees in 13 locations around the world, in Europe (France, Belgium, Spain, Italy, Luxembourg, Monaco and Switzerland), Asia-Pacific (Hong Kong SAR, Singapore and New Caledonia), the Middle East (Abu Dhabi, Dubai) and the Americas (Brazil, Uruguay and Miami).
With EUR 132.1 billion in assets under management (as at 30/12/2019), Indosuez Wealth Management group is one of the global leaders in wealth management.