The private bank of Crédit Agricole Group will welcome its new chief executive officer for Asia on 1 July.
Indosuez Wealth Management, has announced the appointment of Omar Shokur as Chief Executive Officer Asia and Singapore branch manager.
Shokur, who will be based in Singapore to pursue the firm's development strategy in Asia, will commence his duties on 1 July 2019, subject to approval from relevant authorities. He will report to Jean-Francois Deroche, CEO, Indosuez (Switzerland).
Led Teams In Switzerland And Asia
Omar is part of Indosuez's executive committee. He has led the firm's Markets, Investment & Structuring teams in Switzerland and Asia since 2017. He joined Crédit Agricole Private Banking Services (now Aqzore) in 2001 to lead its strategic and operational projects. In 2007, he joined Crédit Agricole CIB in London, later moving to the firm's Capital Markets division in Geneva, and headed the Financial Intermediaries department there from 2010.
The firm's current Asia CEO, Pierre Masclet (pictured below), will take up the role of Deputy Chief Executive Officer of Indosuez Wealth Management Group from 1 July.
Pierre Masclet, incoming Deputy Chief Executive Officer, Indosuez Wealth Management group
Competitive Market
«Omar has a large set of skills in business development, investments products and management that will allow us to strengthen our expansion in the region leveraging the solid relationship we have built with our clientele,» Deroche said about the appointment.
Indosuez acquired Crédit Industriel et Commercial (CIC) bank's private wealth business in Hong Kong and Singapore at the end of 2017, and has since boosted its ranks of wealth managers and offerings for high net worth clients.
According to its website, Indosuez's Singapore office has more than 120 professionals who deal exclusively with Wealth Management for international and regional clients. As of end-2018, Indosuez has 122.8 billion euro ($137.6 billion) in assets under management.
