Crédit Agricole Suisse has reported consolidated net profits of CHF 130.2 million for 2012, compared with CHF 158.1 million in 2011, amid tough conditions. The year was marked yet again by a deepening economic crisis, low interest rates and a strong Swiss franc. The bank’s performance helped maintain the Crédit Agricole Group’s solid position in Switzerland while strengthening its capital base, evidenced in a Core Tier 1 ratio of 13.2%.

Results for the fourth quarter and full year 2012 Crédit Agricole turns a page and is now in marching order to deliver a sustainable performance.

Hong Kong-based Head of Markets & Investment Solutions in Asia, Sen Sui, will be promoted to the role of Chief Executive, at Crédit Agricole Suisse, Singapore Branch as Roland Feser’s successor. Mr. Sui will begin transitioning to Singapore in January 2013 to take on his new role and ensure a smooth transition of leadership.

Pierre Masclet has been appointed Head of Markets & Investments Solutions and a member of the Crédit Agricole (Suisse) SA Executive Committee. His experience will allow him to consolidate the work begun by his predecessor, Frédéric Lamotte, and to continue to enhance the Bank’s wealth management products and services in order to ensure they meet our clients’ needs.

Frédéric Lamotte has been appointed Chief Investment Officer and member of the Executive Committee of the Crédit Agricole Private Banking holding company. There, he will work to meet the new challenges that arise within this entity, which encompasses the Crédit Agricole Group’s principal private banking entities.

Crédit Agricole (Suisse) SA is pleased to announce that Peter Chamlian has been appointed Chief Executive of its fully-owned subsidiary, Crédit Agricole Suisse (Lebanon), where he took up his duties on 13 September.

Crédit Agricole Group's net income Group share was 863 million euros in the second quarter of 2012, which is comparable (-2.1%) to the second quarter of 2011 and 7.2% higher than in the first quarter of 2012.

Crédit Agricole Private Banking Services marks 20 years of its S2i banking IT platform

Crédit Agricole Suisse’s consolidated net profits rose 11.5% to CHF 158.1 million in 2011 from CHF 141.8 million in 2010.

Crédit Agricole Group generated net income Group share of 804 million euros in the first quarter of 2012. Jean-Marie Sander, Chairman of Crédit Agricole S.A., said that this result reflects the solid momentum of the Group's business lines against a backdrop of controlled growth according to the adjustment plan targets.

Jean-Claude Favre was appointed Chief Operating Officer of Crédit Agricole Suisse and Head of Crédit Agricole Private Banking Services (CA-PBS) on 7 March 2012. He has a direct reporting line to Hervé Catala, CEO of Crédit Agricole Suisse, and a dotted reporting line to Jacques Bourachot. Under the new organisation, as COO of the Crédit Agricole Group’s private banking holding company, Mr Bourachot will be able to focus on the strategic aspects of his position. Michel Vuilleumier replaces Jean-Claude Favre as Chief Information Officer, a position he held since 2008.