Crédit Agricole poaches ECM veteran from CIMB

French bank hires Chris Marschall from CIMB to lead its equity capital markets business in Asia Pacific.
Marschall (left) represented CIMB at FinanceAsia's Platinium Awards in 2016.
Marschall (left) represented CIMB at FinanceAsia's Platinium Awards in 2016.

Former CIMB banker Chris Marschall has joined Crédit Agricole as head of Asia-Pacific equity capital markets for its corporate and investment banking franchise, the French bank said in a memo on Wednesday seen by FinanceAsia.

In his new role, Marschall will lead Crédit Agricole Corporate and Investment Bank’s (CACIB) cash equities and equity capital markets business, part of the bank’s global investment banking division.

He will be based in Hong Kong and will report to Aurelien Lasjunies and Keisuke Kasagi, co-heads of Asia Pacific global investment banking, as well as Olivier Jacquet, global head of ECM in Paris.

Prior to the move, Marschall was a managing director and head of North Asia ECM at CIMB, a position that he has held for the last five years. The veteran investment banker was transferred from Royal Bank of Scotland (RBS) after CIMB bought the European lender’s cash equities business in 2012.

Before that, he was a managing director in Royal Bank of Scotland’s ECM franchise from 2008, based out of Hong Kong and London. Before that, he was a banker with ABN Amro for 11 years.

Marschall was among the last batch of former RBS bankers left at CIMB’s equities division. He is the most high-profile departure after Matthew Kirkby, the Malaysian bank’s former co-head of Asia-Pacific investment banking, who left in 2015.

Given Marschall’s experience in originating and executing ECM transactions, the appointment could help Credit Agricole strengthen its equity dealmaking prowess in the region, and complement its relatively strong franchise in loan syndication and project financing.

“The addition of ECM capabilities in the region will broaden Crédit Agricole CIB’s strategic dialogue and traction with issuers and provide additional valuable cross-selling opportunities for Crédit Agricole CIB’s clients,” the French bank said in the memo.

Marschall is a graduate of the Ivey Business School HBA programme at Western University in Canada, and became a chartered financial analyst in 1998.

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