Crédit Agricole Corporate and Investment Bank
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| Limited-liability company | |
| Industry | Finance and Insurance |
| Founded | May 1, 2004 |
| Headquarters | Paris, France |
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Key people
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Jean-Paul Chifflet (Chairman) Jean-Yves Hocher (CEO) Paul de Leusse, Deputy CEO Régis Monfront, Deputy CEO Jacques Prost, Deputy CEO |
| Products | Financial Services |
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Number of employees
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9,500 |
| Parent | Crédit Agricole |
| Website | www |
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 in 32 countries, 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.
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.
Crédit Agricole CIB is committed as far as Corporate Social Responsibility (CSR) is concerned. One example is FReD, 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.
Since 2009 Crédit Agricole CIB has been a patron of the musée du quai Branly and since 2010 of the Théâtre du Châtelet. For several years, Crédit Agricole CIB has participated in the Financial Community Telethon, an event which takes place in December as part of the National Telethon.
Its activities are arranged into two major divisions, Capital Markets & Investment Banking Division and Financing Division.
Air transportation and rail, shipping, real estate, natural resources, infrastructure and power, energy, acquisition finance, transactional commodity finance, tax based leases.
In France and worldwide, Crédit Agricole CIB advises clients on top-half of the balance sheet transactions and specialised financing.
Commercial banking services non-financial companies and financial institutions: non-structured financings, guarantees and sureties, export and trade finance, cash management and liability management.
In 2011, Crédit Agricole CIB announced the closing of equity derivatives and commodities.
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.
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.
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Wikipedia