Credit Agricole's private bank will remain sub-scale in Asia even if it buys CIC's Hong Kong and Singapore wealth business in a newly proposed deal, say industry observers.
Private equity firms take note: Credit Agricole's wealth arm sees rising appetite from its Asian clients for private markets exposure. The bank's Asia CEO also stresses a growing focus on digital services.
Credit Agricole is building out its Asian wealth business, amid tough times for private banks in the region. AsianInvestor spoke to Indosuez Wealth Management's global and Asia CEOs.