Indosuez mulls private wealth acquisitions

Credit Agricole’s Asian wealth management arm considers adding to a recent flurry of consolidation in the region.
Credit Agricole rebranded its private bank as Indosuez Wealth Management last year
Credit Agricole rebranded its private bank as Indosuez Wealth Management last year

Asian private banks have been on a buying spree over the last few years, swallowing up their rivals as tough conditions make some smaller firms look for the door. Prominent deals include ABN Amro Private Banking being bought by LGT, ANZ selling its wealth arm to DBS and OCBC buying Barclays' Asian wealth business.

Indosuez Wealth Management, the rebranded private banking arm of Credit Agricole, is now looking to add to that trend.

The division’s relatively small size might make Indosuez an obvious target for a bigger firm it has $9.5 billion in assets under management in Asia Pacific. But Indosuez...

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