Calyon Crédit Agricole CIB

Type	Subsidiary
Founded	May 1, 2004
Headquarters	Paris, France
Key people	Georges Pauget (Chairman) Patrick Valroff (CEO) Jérôme Grivet, Deputy CEO Alain Massiera, Deputy CEO
Industry	Finance and Insurance
Products	Financial Services
Employees	13 000
Parent	Crédit Agricole
Website	www.calyon.com

Calyon Crédit Agricole CIB is Crédit Agricole's corporate and investment banking entity. With a staff of 13,000 employees in 58 countries,^[1] Calyon is active in a broad range of capital markets, investment banking and financing activities.

Contents 1 History 2 Operations 3 Exceptional trading losses 4 Key Strengths 5 References 6 See also

[edit] History

Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI), which had been created in 1996 with the purchase of Banque Indosuez by Crédit Agricole.

[edit] Operations

Its activities are grouped into two major divisions - the Capital Markets & Investment Banking Division and the Financing Division.

[edit] Exceptional trading losses

In September 2007, a Calyon New York trader caused a loss of $350m (€250m). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from New York branch^[2]

Credit Agricole lost €857m ($1.3bn, £657m) in the fourth quarter of 2007, primarily as a result of the €3.3bn charge on losses related to the credit crisis. ^[3][4]

[edit] Key Strengths

Calyon is a leading player in the Interest Rate Derivatives arena. Its global footprint combined with a world-class derivatives platform have created a Structured Euro Medium Term Notes (EMTN) business that consistently ranks in the market Top 10.

[edit] References

[edit] See also

• Crédit Agricole
• Crédit Lyonnais