Crédit Agricole Corporate and Investment Bank Receives Official Designation as a Branch in Canada
May 17 2016 - 10:00AM
Business Wire
Credit Agricole CIB has obtained the
approval of the Minister of Finance in Canada and the OSFI to
establish a banking branch. The Canadian branch will provide
corporate and financial services for clients’ local and
international business goals
Crédit Agricole CIB, the Corporate and Investment Banking arm of
the Crédit Agricole Group, the world’s ninth largest bank by total
assets, announced that the Minister of Finance and Office of the
Superintendent of Financial Institutions in Canada (“OSFI”) has
approved the designation of Crédit Agricole CIB as a branch.
Since its opening in 2005 Crédit Agricole CIB had operated as a
representative office, serving as a liaison between clients and
other Credit Agricole CIB international offices and affiliates of
the Crédit Agricole Group.
“The establishment of a service branch in Canada is a very
welcome recognition of Crédit Agricole CIB’s growing profile and
increasingly important role throughout Canada, and especially one
that will greatly facilitate its ability to serve our expanding
roster of Canadian clients,” said Xavier Roux, Senior Country
Officer Canada. “The approval of the Minister of Finance and OSFI
will allow Credit Agricole CIB Canada to be of assistance in
contributing to the nation’s economic and financial growth, and we
are greatly appreciative.”
The Montreal-based Branch of Crédit Agricole CIB will continue
to function as part of Credit Agricole CIB Americas’ regional
network, headquartered in New York City. It will have access to
Credit Agricole CIB’s specialist units and global network, thus
providing clients broad capabilities in achieving their
international operating goals.
Credit Agricole CIB Canada Branch provides corporate finance and
structured finance services in areas such as transportation, export
and trade finance, real estate, energy and project finance, among
others, in addition to foreign exchange trading, and interest rate
and currency derivatives.
About Crédit Agricole Corporate and Investment Bank
Crédit Agricole CIB is the Corporate and Investment Banking arm
of the Crédit Agricole Group, the world’s 9th largest bank by total
assets (The Banker, July 2015). The Bank offers its clients a
comprehensive range of products and services structured around six
major divisions:
- Client Coverage & International
Network
- Global Investment Banking
- Structured Finance
- Global Markets
- Debt Optimization &
Distribution
- International Trade and Transaction
Banking.
The Bank provides support to clients in large international
markets through its network with a presence in major countries in
Europe, Americas, Asia Pacific and the Middle East North
Africa.
For more information, please visit its website at
www.ca-cib.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160517006052/en/
Media Inquiries:Crédit Agricole CIB AmericasMs. Mary
Guzman, +1 212 261-7129mary.guzman@ca-cib.comorAnreder &
CompanySteven S. Anreder / Michael Wichman,
+1-212-532-3232steven.anreder@anreder.com /
michael.wichman@anreder.com
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