Laurent Proutiere Appointed as Asia CEO and Singapore Branch Manager of Indosuez
New Leadership for Indosuez in Asia
Laurent Proutiere has been appointed as the Asia chief executive officer and Singapore branch manager of Indosuez, the wealth management brand of Credit Agricole Group, effective March 1, 2025, subject to regulatory approval.
New Role for Proutiere
Proutiere will succeed Omar Shokur, who will be pursuing professional opportunities outside of the Credit Agricole Group after more than two decades with the company. Proutiere will report to Isabelle Jacob-Nebout, head of wealth management at CA Indosuez (Switzerland).
Proutiere’s Background
Before his new appointment, Proutiere was the head of international trade and transaction banking for the Asia-Pacific at Credit Agricole Corporate & Investment Banking, a division where he spent over 20 years.
Indosuez’s Expansion in Asia
Indosuez’s announcement comes as wealth management firms and private banks are focusing on their expansion in Asia. The company manages around 200 billion euros (S$282.6 billion) in client assets and is headquartered in Paris.
Industry Trends
London-based Barclays recently announced plans to add Singapore as its second booking center for its private bank operations in the Asia-Pacific, shortly after announcing a major hiring spree in Asia to expand client assets over the next few years.
Conclusion
The appointment of Laurent Proutiere as Asia CEO and Singapore branch manager of Indosuez marks an important milestone in the company’s expansion plans in Asia. With his extensive experience in the region, Proutiere is well-positioned to lead Indosuez’s growth and success in Asia.
Frequently Asked Questions
Q: Who has been appointed as the new Asia CEO and Singapore branch manager of Indosuez?
A: Laurent Proutiere has been appointed as the new Asia CEO and Singapore branch manager of Indosuez.
Q: Who will succeed Proutiere?
A: Omar Shokur will succeed Proutiere as the Asia CEO and Singapore branch manager of Indosuez.
Q: What is Indosuez’s current client asset base?
A: Indosuez manages around 200 billion euros (S$282.6 billion) in client assets.
Q: What is the current strategy of wealth management firms and private banks in Asia?
A: Wealth management firms and private banks are focusing on their expansion in Asia, with many announcing plans to increase their presence in the region.
