Arcosa(US:ACA) Globenewswire·2025-09-01 06:00Core Insights - Indosuez Wealth Management has completed the acquisition of Banque Thaler, now holding 100% of its capital [1][2] - The acquisition aligns with Indosuez's growth strategy and strengthens its position in the Swiss market, where it has been operating since 1876 [2][4] - Clients of Banque Thaler will gain access to a broader range of products and services, enhancing their wealth management experience [3] Company Overview - Indosuez Wealth Management is the wealth management division of Crédit Agricole Group, which is the world's 10th largest bank by balance sheet [5] - The bank has over 4,300 employees across 15 territories, managing €215 billion in client assets as of December 2024, making it one of Europe's leading wealth management firms [7] - The Swiss platform focuses on wealth management, transactional commodity financing, and commercial banking, with a strong presence in Geneva, Lugano, and Zurich [9][10] Strategic Implications - The legal merger of Indosuez and Banque Thaler is expected to be completed by the end of 2025, marking a significant step in the bank's growth strategy [2] - The acquisition is seen as a way to enhance client relationships through agile local teams and a comprehensive service offering [4] - The impact on Crédit Agricole S.A.'s CET1 ratio from this acquisition is expected to be limited [4]