Indosuez Wealth Management Group, the global wealth management brand of Crédit Agricole Group, has appointed Jacques Prost as its new chief executive officer, who will take over his position from June 18.

Prost is a member of Crédit Agricole’s management committee. Since 2013, he has supervised global markets and financing activities as deputy chief executive officer of Crédit Agricole Corporate and Investment Bank, said a statement from the bank.

He began his career in the corporate department of Crédit Lyonnais in London, UK, in 1986.

In 1988, Prost joined Banque Paribas, where he held a number of positions in the European real estate finance and project finance divisions. In 1996, he was appointed head of project finance at Paribas in Milan, Italy.

Prost has been part of the Crédit Agricole group since 2000 when he joined as head of structured finance for corporate and investment banking in Italy.

In 2008, he became head of the real estate and hotels division in Paris, France. In November 2011, he was appointed global head of structured finance, said the statement.

He is a graduate of Sciences Po Paris and holds a postgraduate degree in financial markets from Paris Dauphine University.

Prost’s experience in corporate and investment banking and his in-depth knowledge of Crédit Agricole Group are major assets to develop the wealth management global business line, one of the components of the group’s strategy as a universal customer-focused bank, it added.-TradeArabia News Service