Calyon will change its name to Credit Agricole Corporate and Investment Bank, effective Feb. 6.
The name change brings all the Credit Agricole business lines under one banner, and is intended to strengthen international recognition of the Crédit Agricole brand, the Paris-based bank announced today.
“This brand change, which comes 18 months after implementation of our new strategy focusing on serving clients and the real economy, is a major new milestone in our development. It confirms the Credit Agricole Group’s dedication in the area of corporate finance and investment banking, which is to committed partnership alongside our clients -- large corporates and financial institutions — to help them achieve their plans both in France and abroad,” Patrick Valroff, chief executive of Crédit Agricole Corporate and Investment Bank, said in a statement.
The newly named bank is comprised of four areas: coverage and investment banking, equity brokerage and derivatives, fixed income markets, and structured finance. Crwdit Agricole also has a large retail banking arm.