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Crédit Agricole expands wealth management with Banque Thaler acquisition in Switzerland
Crédit Agricole, through Indosuez Wealth Management, is set to acquire Banque Thaler, enhancing its wealth management presence in Switzerland. With Banque Thaler's assets under management at 3 billion Swiss francs, this acquisition will increase Indosuez's total assets to nearly 220 billion euros. The move aligns with Indosuez's growth strategy in a consolidating market, as highlighted by CEO Jacques Prost.
credit agricole's indosuez wealth management to acquire banque thaler
Credit Agricole's Indosuez Wealth Management is set to acquire Switzerland's Banque Thaler, enhancing its footprint in the wealth management sector. This acquisition will increase total assets under management to nearly 220 billion euros, with about 50 billion euros in Switzerland. The deal, pending regulatory approval, is expected to close in the second half of the year.
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