Israeli-based Harel Investment House has signed a partnership agreement with Geneva-based Credit Agricole (Suisse), according to a Reuters r...

Israeli-based Harel Investment House has signed a partnership agreement with Geneva-based Credit Agricole (Suisse), according to a Reuters report. Under the agreement, Harel's Israeli clients can invest a minimum of $250,000 in international markets, managed by Credit Agricole in Switzerland. Harel Investment House manages around $2.5 billion of client assets. It is part of the Harel Insurance Group, controlled by the Hamburger family, and is Israel's third-largest insurance group with a 17 per cent market share. Previous press reports had indicated that Geneva-based Union Bancaire Privee would help to manage funds for Harel Investment House. Credit Agricole (Suisse) has 1,190 employees and client assets of SFr51 billion.