27 Jean-Yves Hocher Chairman of the Board of Directors CA Indosuez (Switzerland) SA Jean-François Deroche Chief Executive Officer CA Indosuez (Switzerland) SA until 30 November 2022 Marc-André Poirier Chief Executive Officer CA Indosuez (Switzerland) SA from 1 December 2022 / Message from the General Management CA Indosuez (Switzerland) SA / 2020 was the year of the crisis, and 2021 that of the recovery. 2022 will remain, in the memory of many investors, the year of uncertainties. As from the first quarter, the Ukraine war abruptly entered the picture, fully disrupting the economic and financial landscape of 2022, by accentuating the energy crisis already underway since the summer of 2021, and causing a sharp acceleration in inflationary pressure, with the rise in interest rates as corollary. Against the backdrop of these unprecedented market conditions, our employees in the private banking and corporate and investment banking divisions mobilised their efforts to best protect our customers' assets in a medium and long-term view and support our corporate clients in a very volatile market. The resiliency of CA Indosuez (Switzerland) SA's business model helped offset the negative impact arising from this new paradigm. The bank ended the year in positive territory and posted an increase in net income. In order to better meet these major challenges, and in agreement with our shareholder and Board of Directors, CA Indosuez (Switzerland) SA's executive governance has evolved. It is now structured around a Management Committee made up of five people directly supervising the Bank's business lines and control and support functions, taking full charge of major strategic and operational decisions, under the supervision of our Board of Directors and our shareholder. The Executive Committee will continue to work with General Management by contributing to proposals, thought processes and specific work affecting the Bank's activities. Fully operational as from 2023, this new organisation should support the development strategy of the Bank, which is a platform for the Indosuez group outside the European Union and spearheads into the markets that will deliver the strongest growth in the years to come. It also strengthens the representation of Corporate and Investment Banking in order to implement the new ambition of CA CIB's business lines in Europe to develop their corporate clientèle, particularly by harnessing our International Trade & Transaction Banking platform. It therefore ensures proper management of the activities while leading our necessary transformation with a concern for excellence in prudential and regulatory matters. As part of our Societal Project, our CSR approach was further reinforced, adding momentum to sustainable development at CA Indosuez (Switzerland) SA. 2023 will enable us to reinforce the engagement themes with our clients for the energy transformation and launch a proactive and coordinated reduction in the carbon footprint. Benefiting from the support of one of the most solid banking groups in the world, the CA Indosuez (Switzerland) SA teams are well placed to successfully pursue the transformations initiated in recent years and achieve new future successes. The bank is embarking on a new chapter, with the launch of our new three-year "Ambitions 2025" plan, under the direction of Marc-André Poirier, the new Chief Executive Officer of CA Indosuez (Switzerland) SA from 1 December 2022.
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