Crédit Agricole Assurances and AXA Investment Managers - Real Assets secure acquisition of European Locomotive Leasing

This transaction is part of the climate strategy of Crédit Agricole, which contributes via its investments to the energy transition and a low-carbon economy.  

Crédit Agricole S.A. unwinds 35% of the “Switch” guarantee mechanism

Amundi appoints Jeanne Duvoux as CEO of Amundi Luxembourg

Amundi announces the appointment of Jeanne Duvoux as CEO of Amundi Luxembourg.  

Crédit Agricole launches the first Master’s course dedicated to business customer advisers, in partnership with ESCP Business School

Crédit Agricole is the first bank in France to offer its employees a five-year post-secondary course dedicated to the business customer advisory profession.

Eurozone outperforms North America in ESG investing, new research from Amundi finds

ESG investing continues to be a source of outperformance in Eurozone, while squeezing returns in North America since 2018 In Europe, the Social pillar now has the strongest impact, indicating that Environmental and Governance factors are not the only concerns for investors ESG is no longer about exclusion, and has now been fully integrated in stock picking processes

Philippe Brassac : A responsible energy transition to save the planet

Each and every one of us must take responsibility and do all we can – at our own level and within our means – to save the planet from environmental disaster. We also need a radical transformation of the global economy so it can create growth, which is essential to job creation, while using less energy, and using energy with an ever lower carbon footprint. The success of this transformation will require solidarity and an effort from us all. Starting with banks, which have a key role to play. French banks are already committed in this area. Read, like, comment and share the whole article on LinkedIn

Crédit Agricole S.A and Santander announce the closing of the strategic combination of CACEIS and Santander Securities Services and the creation of a major global player

Crédit Agricole S.A. and Santander are pleased to announce that they have closed the previously announced combination of CACEIS and Santander Securities Services (“S3”). 

Appointments

Jean-Paul Mazoyer, currently CEO of the Crédit Agricole Pyrénées Gascogne Regional Bank, will be appointed on 1st May 2020 as Deputy CEO of Crédit Agricole SA in charge of Digital Transformation and IT for the Crédit Agricole Group. He will be replacing Serge Magdeleine, who will become CEO of the Crédit Agricole Alpes Provence Regional Bank on the same date.

Approval from the Chinese regulator for establishing an asset management joint-venture between Amundi and BOC Wealth Management

Amundi, the largest European asset management company1, and BOC Wealth Management, the subsidiary of Bank of China, have received the approval from China Banking and Insurance Regulatory Commission to start the establishment of an asset management joint-venture.

ENGIE, Crédit Agricole Assurances and Mirova win bid to acquire 1.7 GW hydroelectric portfolio from EDP in Portugal

ENGIE, together with its consortium partners Crédit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, announces it has won a competitive process conducted by EDP for the acquisition of Portugal’s second largest hydroelectric portfolio, for an enterprise value and consideration of EUR 2.2 billion.

Appointment

Martine Boutinet has been appointed Group Chief Compliance Officer, reporting to Philippe Brassac, Chief Executive Officer of Crédit Agricole S.A. She is taking over from Stéphane Priami, who has been appointed Crédit Agricole SA’s Deputy CEO in charge of the Specialised Financial Services business line. Martine Boutinet will be joining the Executive Committee,   This appointment will be effective from 1 January 2020.

Goodwill impairment charge of about €600 million recognised against LCL, no impact on solvency ratios or the dividend. MTP targets confirmed for Crédit Agricole S.A. and LCL.

Crédit Agricole S.A.‘s Board of Directors decided today to book an impairment charge against the goodwill recognised on LCL for about €600 million. This impairment charge, not deductible, will be booked in the consolidated financial statements in the fourth quarter 2019 and will have a direct impact on the net income Group share.