In a press release, Indosuez Wealth Management, the Crédit Agricole Fortune Management subsidiary indicated the conclusion of an agreement in order to acquire Thaler bank specializing in wealth management, allowing it to bring the total assets under management to nearly 220 billion euros. Back up saving Receiving Indosuez Wealth Management banks, a wealth management subsidiary of the Crédit Agricole group, announced an agreement on Friday to acquire Thaler bank, Swiss banking establishment, specializing in wealth management. By “reinforcing its positioning on the Swiss market, the world center for wealth management”, this acquisition “is fully part of the development strategy of Indosuez Wealth Management”, underlines the group in a press release. Indosuez Wealth Management is the world of wealth management brand of the Crédit Agricole group, 9th bank in the world by the balance sheet (The Banker 2024). Read also: Crédit Agricole more profitable than expected, watches “what will happen in Italy” The amount of the transaction is not specified with this rapprochement, the customers of Banque Thaler, founded in 1982 and mainly owned by its leaders, and Indosuez, present in Switzerland since 1876, “will be able to access a range of enriched products and expertise”, according to the text. “This acquisition strengthens our position in Switzerland and illustrates our desire to provide our customers with solutions that are ever more suited to their needs. Indosuez is continuing its growth strategy in a sector in full consolidation and is now established as a major player in wealth management in Europe, “said Indosuez Wealth Management, Jacques Prost, quoted in the press release. Read also: Private Bank: Principle, interest and cost This acquisition would bear the total assets under management of Indosuez Wealth Management to nearly 220 billion euros. The finalization of the transaction remains subject to the prior approval of the supervisory authorities concerned, and should be carried out during the second half of 2025. Receive our latest news each morning, the information to be retained on the financial markets. (tagstotranslate) Banks
