De Leusse succeeds retiring Gancel at Crédit Agricole’s Indosuez private bank

Paul de Leusse has been named to succeed Christophe Gancel as chief executive officer of Indosuez Wealth Management, the recently-rebranded private banking arm of Switzerland’s  Crédit Agricole.

De Leusse, pictured, who first joined the Crédit Agricole group in 2009 as director of group strategy and most recently has been deputy CEO of  Crédit Agricole CIB, the bank’s corporate and investment banking arm, has also joined Credit Agricole’s executive committee, the company said in a statement.

De Leusse is filling a post that was made vacant by the recent retirement of Gancel, Crédit Agricole added. Gancel had been CEO since November, 2011.

As reported, Crédit Agricole Private Bank s re-branded earlier this year as Indosuez Wealth Management, reviving a historic name in what the company described at the time as a major transformation aimed at tapping into new markets in Asia and across the globe.

Paris-based Crédit Agricole had originally dropped the Indosuez name from use after its 2004 merger with Crédit Lyonais and Indosuez. Eleven years on, however, the regional connotations of “Indosuez” are seen more likely to appeal to the new generations of wealthy individuals in countries around the world, the bank said.

The Indosuez name dates back  to Banque de l’Indochine, which was founded in 1875 in Paris, to operate in French Indochina, the rest of Asia, and the Pacific.

Today, Indosuez Wealth Management has 30 offices in 14 countries, serving high-net-worth and ultra-high-net-worth clients worldwide, and manages client assets that totalled €110bn (US$119.58bn, £83.60bn) at the end of December, Crédit Agricole said.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

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