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GROUPE INDOSUEZ WEALTH MANAGEMENT

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Groupe Indosuez Wealth Management : Indosuez Wealth Management appoints New Head of North Asia Market & Strategic Partnerships for Singapore Branch

07/13/2021 | 05:49am EST

Singapore, 13 July 2021 - Indosuez Wealth Management in Asia ('Indosuez'), the global wealth management brand of Crédit Agricole Group, has appointed Alfred Lowas Head of North Asia Market and Strategic Partnerships for the bank's Singapore branch, starting 1 September 2021.

Based in Singapore, with strong experience in wealth management and client advisory, Alfred brings extensive knowledge of the regional wealth management industry as well as the North Asia market from his experience as Team Leader for other global wealth managers.

Commenting on Alfred's appointment, Omar Shokur, Chief Executive Officer, Asia and Branch Manager, Singapore, Indosuez, shared: 'As a boutique bank in Asia with the backing of one of the world's largest financial groups, we are one of a kind in the region. Clients not only receive personalised investment advice and efficient service but also the assurance and stability that comes with banking with the wealth management brand of the Crédit Agricole group.' Alfred's strong knowledge of the wealth management industry in Asia will help us to capitalise on our strengths to increase our footprint in Asia.
North Asia, in particular, is one of the world's fastest wealth creation region and is an important growth market for Indosuez. Underlining our strong commitment to North Asia, we have been investing resources and deepening our talent pool to better serve our clients.

'Alfred's dual role as Head of North Asia Market and Strategic Partnerships will allow us to further strengthen the front line teams as well as exploring new business opportunities for the Bank in Asia.'

Alfred joins Indosuez after holding senior management and advisory roles covering North Asia clients at HSBC Private Bank, Credit Suisse Private Bank, UBS Wealth Management and Citigroup Private Bank. Before banking, Alfred has held various functions with the Ministry of Trade and Industry in Singapore

For further Information, please contact:

Indosuez Wealth Management
Leanne Sim leanne.sim@ca-indosuez.sg +65 9876 1688
Adrian Wong adrian.wong@ca-indosuez.hk +852 3765 6726

PR agency - Ruder Finn Asia
Ng Rui Sin ngrs@RuderFinnAsia.com +65 9117 7993
Vanessa Teo teov@RuderFinnAsia.com +65 9641 1558
RFSingapore_indosuez@RuderFinnAsia.com

ABOUT INDOSUEZ WEALTH MANAGEMENT
Indosuez Wealth Management is the global wealth management brand of Crédit Agricole group, ranked 10th in the world in terms of total assets (The Banker - July 2020, based on results at the end of 2019).
Shaped by more than 145 years of experience supporting families and entrepreneurs around the world, Indosuez Wealth Management offers a tailor-made approach that allows our clients to build, manage, protect and pass on their wealth according to their goals and ambitions. Its teams take a comprehensive view and provide expert advice and exceptional service, offering a wide range of services for the management of both personal and business assets.
Renowned for its international reach combined with a human scale, Indosuez Wealth Management has 3,060 employees in 13 locations around the world, in Europe (Belgium, France, Italy, Luxembourg, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (United Arab Emirates) and the Americas (Brazil, Miami and Uruguay).
With 128 billion euros in assets under management (as at 31/12/2020), Indosuez Wealth Management is one of the global leaders in wealth management.
www.ca-indosuez.com

ABOUT INDOSUEZ WEALTH MANAGEMENT IN ASIA
Indosuez Wealth Management has a solid foundation in Asia as a pioneering bank with more than a century old heritage, when Banque de l'Indochine opened its historic offices in Hong Kong SAR and Singapore. From these two locations, branches of CA Indosuez (Switzerland) SA, almost 350 highly specialised wealth managers combine their knowledge of the region with the vast opportunities provided by the global network of Indosuez Wealth Management and the Credit Agricole group.

Disclaimer

CFM Indosuez Wealth published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 09:48:03 UTC.


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Financials
Sales 2020 116 M 131 M 131 M
Net income 2020 21,8 M 24,6 M 24,6 M
Net cash 2020 455 M 513 M 513 M
P/E ratio 2020 24,6x
Yield 2020 2,17%
Capitalization 516 M 582 M 582 M
EV / Sales 2019 2,74x
EV / Sales 2020 0,69x
Nbr of Employees 389
Free-Float 29,9%
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Mathieu Ferragut Chief Executive Officer
Vincent Thomas Director-Finance, IT, Operations & Organization
Jean-Marie Sander Chairman
Michel Cresp Director
Jean Delamalle Director