Indosuez Wealth Management reaffirms its ambition in Italy
Milan, November 20th 2019 - Indosuez Wealth Management, the global Wealth Management brand of the Crédit Agricole group, announces the creation of CA Indosuez Wealth (Italy) S.p.A. as the final step of the acquisition of Banca Leonardo, which began in 2018.
CA Indosuez Wealth (Italy) S.p.A., headed by Chief Executive Officer Marco Migliore and Chairman Ariberto Fassati, will operate under the "Indosuez Wealth Management" international brand, confirming Indosuez's strategic ambition to invest in the Italian market in line Crédit Agricole group’s strategy.
Indosuez Wealth Management currently has 3,150 employees in 14 countries and 130 billion euro of Assets under Management as of 30 June 2019, making it a global leader in Wealth Management.
Indosuez offers families and entrepreneurs around the world a complete and innovative range of services thanks to the international offering, financial solidity and deep experience of the Crédit Agricole group in retail banking, investment banking, asset management and insurance.
In Italy, a particularly important market for Crédit Agricole, Indosuez's strategy is aligned with the Group's vision: to develop a deep-rooted and sustainably expanding presence together with the Crédit Agricole Italia Banking Group, which calls on a widespread network of approximately 200 Bankers in Italy.
In line with its global strategy, Indosuez's ambition in Italy is to become the reference wealth management brand for its clients.
Jacques Prost, Chief Executive Officer of Indosuez Wealth Management group: "Our ambition is to consolidate our position among the best wealth managers in Italy, one of the largest wealth management markets in Europe. The objective is to provide our clients with an international offer, enhanced by the strengthening of our credit offer - and innovative, with a particular focus on ESG investments. The wide range of services, combined with the development of synergies with Crédit Agricole group entities, allows us to meet all the needs of our clients and to achieve diversified and sustainable growth.”
Giampiero Maioli, Senior Country Officer of Crédit Agricole in Italy: "This is an important step in strengthening our presence in Italy and emphasizing our role as Universal Bank in our country where we are present with all banking, financial and insurance services through 14 companies. Italy is fundamental for Crédit Agricole: it is our second domestic market, and here the Group has invested heavily in recent years to offer clients excellent services and a unique international approach, typical of a bank present in 47 countries around the world.”
Marco Migliore, Chief Executive Officer of CA Indosuez Wealth (Italy) S.p.A.: "Our commitment is to provide Italian families, entrepreneurs and UHNW clients with an asset management service that is tailored to both local and international needs. We benefit from strong local roots and a widespread presence across the territory. This, combined with Indosuez's international experience and the strength of Crédit Agricole, allows us to cover all asset classes with a global approach supported by dedicated experts based in Italy."
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About Indosuez Wealth Management
Indosuez Wealth Management is the global Wealth Management brand of Crédit Agricole group, the world’s 12th largest bank by Tier 1 capital (source: The Banker, July 2019).
Shaped by more than 140 years of experience helping families and entrepreneurs around the globe, Indosuez Wealth Management offers a tailored approach that enables each of its 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 combination of a human scale and a truly international reach, Indosuez Wealth Management has 3,150 employees in 14 countries around the world, in Europe (France, Belgium, Spain, Italy, Luxembourg, Monaco and Switzerland), Asia-Pacific (Hong Kong, Singapore and New Caledonia), the Middle East (Abu Dhabi, Dubai and Lebanon) and the Americas (Brazil, Uruguay and Miami).
With €130 billion in assets under management (at 30/06/2019), the Indosuez Wealth Management group is one of the global leaders in Wealth Management.
About Crédit Agricole in Italy
Crédit Agricole is present in Italy, its second domestic market, with over 15,000 employees and more than 4 million clients for 69 billion in financing for the economy. The close collaboration between the companies present in retail banking, consumer credit, corporate and investment banking, asset management and insurance sector guarantees Crédit Agricole to operate in the peninsula with a wide and integrated offer, to the benefit of all economic actors.
Crédit Agricole Italia is present in Italy with approximately 1100 points of sale, more than 10,000 employees and over 2 million clients.