Indosuez Wealth Management Expands Swiss Presence With Acquisition of Banque Thaler

Indosuez Wealth Management Expands Swiss Presence With Acquisition of Banque Thaler

(IN BRIEF) Indosuez Wealth Management, part of the Crédit Agricole Group, has agreed to acquire Banque Thaler, a Swiss bank celebrated for its service excellence and wealth management expertise. This acquisition reinforces Indosuez’s strategy to expand its footprint in Switzerland—a key hub for global wealth management since 1876. Banque Thaler, established in 1982, will now provide its clients with enhanced services through the Crédit Agricole Group’s strong financial foundation, global network, and comprehensive range of financial services. Senior executives from both organizations have expressed enthusiasm about the benefits this deal will bring, including an increase in assets under management to nearly €220 billion. The transaction is pending regulatory approval and is expected to conclude in the second half of 2025, with minimal effect on the CET1 ratio of Crédit Agricole S.A.

(PRESS RELEASE) GENEVA/ PARIS/ BRUSSELS, 4-Apr-2025 — /EuropaWire/ — Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, has announced that its Swiss entity has entered into an agreement to acquire 100% of Banque Thaler, a respected Swiss bank known for its excellence in service and longstanding expertise in wealth management.

This strategic acquisition aligns perfectly with Indosuez Wealth Management’s growth plans, reinforcing its strong presence in Switzerland—a country that has served as a global wealth management hub since 1876. Established in 1982, Banque Thaler has built a reputation for superior service and deep knowledge in managing wealth.

The deal is set to broaden the range of products and services available to both Banque Thaler’s and Indosuez’s clients. Notably, clients of Banque Thaler will now benefit from the robust financial stability, expansive international network, and comprehensive capabilities in financing, corporate finance, fund servicing, and asset management that are hallmarks of the Crédit Agricole Group.

Jacques Prost, Chief Executive Officer of Indosuez Wealth Management, stated, “This acquisition not only fortifies our standing in Switzerland but also highlights our commitment to delivering highly tailored solutions for our clients. It is a decisive move in a sector that is currently undergoing significant consolidation, positioning us as a leading wealth management provider in Europe.” Marc-André Poirier, Chief Executive Officer of Indosuez in Switzerland, added, “We are very pleased to welcome Banque Thaler to our group. Following a record revenue year in 2024, this acquisition will boost our assets under management to nearly €50 billion. We are eager to collaborate with Banque Thaler’s team to ensure success for both clients and employees.”

Dirk Eelbode, Chief Executive Officer of Banque Thaler, commented, “Joining forces with Indosuez Wealth Management in Switzerland is an ideal match. The enhanced resources and strong financial backing of a major banking group will not only maintain but elevate the quality of our services, ultimately benefiting our clients. Furthermore, the shared entrepreneurial spirit between our organizations presents a tremendous opportunity for our employees as we embark on an ambitious growth journey, reinforcing our goal to remain Switzerland’s premier wealth management provider.”

The transaction is subject to approval by the relevant supervisory authorities and is anticipated to close in the second half of 2025. Once completed, the acquisition will bring Indosuez Wealth Management’s total assets under management to nearly €220 billion, with only a limited impact on Crédit Agricole S.A.’s CET1 ratio.