Our history in France
The heritage of Companies of Excellence
Our Bank’s history began in France and has many roots there. It has been the inheritor of French Companies of Excellence since the founding of the Compagnie Universelle du Canal Maritime de Suez in 1858 and the Banque de l’Indochine in 1875.
The next part of the story confirmed our attachment to France. In 1926, one of our ancestors, Banque Meyer, a boutique wealth management firm, was founded there. It was renamed Banque de Gestion Privée (BGP) in 1968, before going on to join Crédit Agricole group in 1991.
Other foundations were laid in 1959 with the creation of Banque de Suez after the nationalisation of the Suez Canal, and in 1975, when Banque Indosuez was born of the merger of Banque de l’Indochine and Banque de Suez et de l’Union des Mines.
Within Crédit Agricole group
After Banque Indosuez joined Crédit Agricole group in 1996, the gradual amalgamation of specialised teams led to the creation of the global Wealth Management business, which is now Indosuez Wealth Management.
In France, we achieved the following:
- in 1999, the merger of the wealth management activities of Banque Indosuez and BGP, leading to the creation of Banque de Gestion Privée Indosuez (BGPI);
- in 2001, the acquisition of Haussmann Patrimoine by BGPI;
- in 2003, the merger of BGPI and asset management specialist Crédit Agricole Indosuez Cheuvreux Gestions.
A leading player
In 2011, Crédit Agricole group consolidated all its Wealth Management activities around the world into a holding company of which Indosuez France became a subsidiary in 2012.
Today, we are the proud inheritors of all of the expertise and talent from these various institutions, which are brought together under a single brand, Indosuez, operating in a broad international network.