The name change provides an opportunity for Credit Agricole CIB to ratify the strategic decisions it made in September 2008 aimed at focusing on its traditional expertise to meet its clients’ requirements and serve the real economy.
Patrick Valroff, CEO of Credit Agricole Corporate and Investment Bank, said: “This brand change, which comes 18 months after implementation of our new strategy focusing on serving clients and the real economy, is a major new milestone in our development. It confirms the Credit Agricole Group’s dedication in the area of corporate finance and investment banking, which is to committed partnership alongside our clients – large corporates and financial institutions – to help them achieve their plans both in France and abroad.
“In 2010, under our new banner, we will continue to improve our offer and our distribution capabilities, so that we can go further in fulfilling our role as a global banking partner.”
Calyon is the corporate and investment banking arm of the Credit Agricole. With about 13,000 professionals comprised in more than 50 countries, Calyon specialises in the businesses of capital markets and investment and corporate banking.
