The corporate and investment banking arm of French superbank Crédit Agricole, Crédit Agricole Corporate and Investment Bank (or Crédit Agricole CIB, formerly Calyon) possesses expertise in capital markets; mergers and acquisitions advice; equity, debt and derivatives sales and underwriting; foreign exchange; brokerage; and structured finance. It is active in about 60 countries. The company's Chevreaux affiliate provides equity brokerage and research services, primarily in Europe. Calyon changed its name to Crédit Agricole CIB in 2010 in an effort to unite the division with its parent and strengthen the brand.
The company has targeted Asia as a strategic growth market. The region is among the fastest-growing in the world, and contains much of the world's wealth. The company hopes to tap into that wealth by developing its distribution network and partnerships with other financial institutions. Structured finance and bonds are among the assets it is promoting in the region. Crédit Agricole CIB traces its roots in Asia to 1874, when it opened its first branch in Vietnam.
Further underscoring its focus on Asia, the company announced plans to join forces with China brokerage CITIC Securities in late 2010. If given regulatory and corporate approval, the partnership will be a capital markets and equity brokerage leader, especially in China.
In 2008 the company merged its US-based Calyon Financial subsidiary, which specialized in commodities and futures trading, with Société Géneralé's Fimat unit to form Newedge. Crédit Agricole CIB and Société Géneralé each own 50% of the combined firm.
Itself a product of a merger, Calyon was formed in 2004 when Crédit Agricole Indosuez combined with the investment banking division of Credit Lyonnais, which Crédit Agricole acquired in 2003. – less