(L-R): Mathieu Ferragut, Peter De Coensel, Pierre Masclet; Credit: Indosuez

On Thursday 5 June 2025, Indosuez Wealth Management, Crédit Agricole Group’s Wealth Management Subsidiary, has announced that it is putting a new business-focused organisation in place to better meet the needs of its clients, and to reflect its change in size and its ambitions following he acquisition of Degroof Petercam.

Until now, the bank has been structured by geographical area, with five regional divisions, Belgium, France, Switzerland (Asia and the Middle East), Monaco and the rest of Europe from Luxembourg, with each division under the direct supervision of the Chief Executive Officer, Jacques Prost.

This set up has now been strengthened with the addition of three new business line divisions, all under the supervision of the Chief Executive Officer: Advisory, Financing and Coverage (AFC), Investment Management (IM), and Fund Technology & Banking Services (FTBS).

Three appointments were announced:

• Mathieu Ferragut has been appointed Deputy Chief Executive Officer of Indosuez Wealth Management in charge of Advisory, Financing and Coverage (AFC). He will remain on as Chief Executive Officer of CFM Indosuez, Indosuez’s subsidiary in Monaco, for a transitional period until a successor is appointed. This division includes Coverage (front office) as well as Wealth Management and Corporate Finance, Structuring, Insurance, Global Markets, Financing, Real Estate, Advisory, Marketing & Business Development and Business Support.

• Peter De Coensel has been appointed Head of the Investment Management division. He will remain on as Chief Executive Officer of DPAM (asset management entity of Indosuez Wealth Management). This division includes the Public Markets, Private Markets, Wealth Management Solutions and ESG activities.

• Pierre Masclet has been appointed Deputy Chief Executive Officer in charge of the Fund, Technology & Banking Services (FTBS) division. Until the appointment of a new Chief Executive Officer of Azqore, he will combine the two functions for the transitional period. The Fund, Technology & Banking Services division comprises the IT, Organisation & Process, Operations, Fund Solutions, Digital (including WDX), Data/Artificial Intelligence and Security (CISO) teams of the Indosuez Group entities.

The support functions, i.e. Finance, Strategy/Legal/Transformation, Human Resources and Communication, as well as the control functions, i.e., Compliance, Risk and Permanent Control, and General Inspection, will remain under the supervision of the Chief Executive Officer.

The General Management is structured around these three new divisions, the five regions and the support and control functions.

Jacques Prost, Chief Executive Officer of Indosuez Wealth Management, stated: “This evolution in governance and organisation comes in tandem with the change in Indosuez Wealth Management’s size and its new continuum of services that includes Advisory, Financing, Investment Solutions, Fund Servicing, Technology and Banking Solutions. By pooling our expertise around three business lines, our objective is to better serve our clients, wealthy individuals and families, entrepreneurs and professional investors, by supporting them locally with all their private and professional needs. This development also lays the foundations for our future growth and the ambitions of our new 2026/2028 Medium-Term Plan, which will be announced at the end of the year. I am delighted to be able to rely on these three experienced managers who have played a major role in the Group over the past several years. More recently, they have worked on setting up these divisions and have facilitated the ongoing integration of Degroof Petercam within Indosuez. They will now be keen to implement the strategy and an operational roadmap for each of the business lines. Their skills and experience are an asset that will underpin the continued development of our Group.”