Crédit Agricole Corporate and Investment Bank

Crédit Agricole CIB

Type	Limited-liability company
Industry	Finance and Insurance
Founded	May 1, 2004
Headquarters	Paris, France
Key people	Jean-Paul Chifflet (Chairman) Jean-Yves Hocher (CEO) Paul de Leusse, Deputy CEO Régis Monfront, Deputy CEO Jacques Prost, Deputy CEO
Products	Financial Services
Number of employees	9,500
Parent	Crédit Agricole
Website	www.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 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 two major divisions, Capital Markets & Investment Banking Division and Financing Division.

Structured Finance

Air transportation and rail, shipping, real estate, natural resources, infrastructure and power, energy, acquisition finance, transactional commodity finance, tax based leases.

Investment Banking

In France and worldwide, Crédit Agricole CIB advises clients on top-half of the balance sheet transactions and specialised financing.

Fixed Income

• Sales and trading activities on the primary and secondary markets (foreign exchange, credit, government rates, securitisation and treasury).
• Debt Optimisation and Distribution strategy. An approach created in 2012 with the new Distribute-to-Originate model, Debt Optimisation and Distribution originates, structures and arranges syndicated and bilateral medium-term and long-term loans for corporates and financial institutions.
• Won awards for primary issuance in the Euro-denominated bond markets. Ranked 5 in 2011 and ranked 4 in 2012 for Dealogic all-Euro bond issuance (across all asset classes).

Commercial Banking and Trade

Commercial banking services non-financial companies and financial institutions: non-structured financings, guarantees and sureties, export and trade finance, cash management and liability management.

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

Paul de LEUSSE, Deputy Chief Executive Officer

Régis MONFRONT, Deputy Chief Executive Officer

Jacques PROST, Deputy Chief Executive Officer

Thierry SIMON, Client Coverage, International network, Commercial Banking and Trade

Régis MONFRONT (Interim), Global Investment Banking

Jacques de VILLAINES, Structured Finance

Thomas GADENNE, Fixed Income Markets

Jean-François BALAY, Debt Optimisation and Distribution

Daniel PUYO, Risk and Permanent Control

Frédéric MERON, Finance

Frédéric COUDREAU, Global Operations

Pierre DULON, Global IT

Ivana BONNET, Human Resources

Catherine DUVAUD, Compliance

Bertrand HUGONET, Corporate Secretary

Management Committee

The Management Committee has 100 members, including Executive Committee members.

See also

• Calyon Financial
• Crédit Agricole
• Crédit Lyonnais

References