Credit Agricole shifts focus to financial institutions

Frederic Laine will move from a fixed-income role to head a new financial institutions group.

Credit Agricole’s investment banking arm has reshuffled some of its senior management in Hong Kong as part of a push to win new clients among financial institutions.

Frederic Laine, previously head of fixed-income markets for Asia ex-Japan, will assume the new title of head of the financial institutions group, international client coverage, for Asia ex-Japan. In a statement sent to the media yesterday, Credit Agricole said that financial institutions are now a key and strategic client segment for its investment banking division.

Laine, who will continue to be based in Hong Kong, will report globally to Eric Chevre, head of international client coverage, and locally to Patrice Couvegnes, senior regional officer for Asia.

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