People Moves

Credit Agricole (Suisse) Ramps Up in Hong Kong with Team Hire from Fortis PB

Andrew Deane 26 November 2007

Credit Agricole (Suisse) Ramps Up in Hong Kong with Team Hire from Fortis PB

Piera Au-Yeung ex-head of Fortis Private Bank in Hong Kong has left the Benelux financial services group and moved to Credit Agricole (Suisse) in Hong Kong, according to sources. She takes with her a team of around nine Fortis staff, six of the relationship managers. The relationship managers who have joined CA include Eugenia Woo, Polly Wong, Ajay Singh, Eddy Wong and Grace Li. Earlier this month Fortis launched a private banking unit in London to serve high net worth clients in the UK. Crédit Agricole (Suisse) was formed in 2005 when the Crédit Lyonnais (Suisse) and the Crédit Agricole Indosuez (Suisse) merged together as a wholly owned subsidiary of Calyon. It had around SFr52 billion ($44 billion) assets under management and more than 1,100 employees at the end of 2006. Last month the firm appointed Christophe Gancel, former chief executive of BGP Indosuez, as chief executive.

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