By Pietro Lombardi

Credit Agricole SA is launching a new division for ultra-rich customers combining the services of its private bankers and senior investment bankers.

The French bank said Monday it is creating a new private investment banking division focused on ultra-high net worth individuals and family holdings across the world.

The bank's corporate-and-investment bank and its wealth-management brand Indosuez Wealth Management are joining forces to support the new division, which will be led by Silvia Calvello, who was named global head of private investment banking.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

(END) Dow Jones Newswires

November 09, 2020 04:14 ET (09:14 GMT)

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