Paris-headquartered Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, bolsters its presence in Switzerland.

Indosuez Wealth Management has just announced that its entity in Switzerland has signed an agreement to purchase the capital of Banque Thaler, a Swiss banking institution recognised for its long-term expertise in wealth management.

This acquisition is in line with Indosuez Wealth Management’s development strategy, strengthening its position in the Swiss market, the global hub for wealth management, where Indosuez has been present since 1876.

The completion of the transaction – which remains subject to the prior approval of the relevant supervisory authorities – is expected in the second half of 2025, the firm said in a statement. The acquisition would bring Indosuez Wealth Management’s total assets under management to nearly €220 billion ($242 billion).

Following this deal, Banque Thaler and Indosuez clients will have access to a broader range of products and expertise. In particular, Banque Thaler’s clients will be able to benefit from the group’s international network and its capabilities in financing, corporate finance, fund servicing and asset management.

“This acquisition strengthens our position in Switzerland and illustrates our determination to provide our clients with solutions that are increasingly tailored to their needs. Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is now a major stakeholder in wealth management in Europe,” Jacques Prost, chief executive officer of Indosuez Wealth Management, said.  

“Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion,” Marc-André Poirier, chief executive officer of Indosuez in Switzerland, continued.

“Indosuez Wealth Management in Switzerland is the ideal partner for Banque Thaler. What our management can offer will not only be maintained but enhanced thanks to the substantial resources made available by a major banking group with exceptional financial strength. This can only benefit our clients,” Dirk Eelbode, chief executive officer of Banque Thaler, added.

Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office).