For Indosuez Wealth Management, 2024 will be remembered for the strategic acquisition of Belgian bank Degroof Petercam. This merger has enabled us to change scale: we are now ranked among the top ten private banks in Europe. We are broadening our offering by providing our customers with a comprehensive continuum of services encompassing Advisory, Financing, Investment Solutions, Fund Solutions as well as technology and banking solutions. By joining forces with Crédit Agricole CIB, the new corporate finance teams will enhance the Crédit Agricole Group's support for small and medium-sized businesses. We operate in sixteen territories, mainly in Europe, but also in Asia-Pacific and the Middle East. Net new money reached a record level thanks to the very good sales momentum of all our entities, particularly in Asia. In France, fundraising was sustained thanks to excellent cooperation with the Regional Banks. Our customers have already benefited from our enhanced value proposition. The collaboration between the Indosuez and Degroof Petercam teams has resulted in some initial commercial successes, which have highlighted the power of our combined expertise. For example, the Private Markets offering on unlisted assets, which represents more than ten billion euros in assets on our books, is now available to Degroof Petercam customers. In terms of financing, we saw a sharp increase in lending activity this year. Our range of structured products has beaten all records because it is perfectly adapted to the market environment and investors' expectations. Finally, the success of property club deals, a real asset favoured by our customers seeking to diversify their assets, has demonstrated its relevance. We are continuing to develop our social project, in particular through investment offers that increasingly incorporate ESG (Environmental, Social and Governance) criteria. In this area, the merger with Degroof Petercam, recognised for its expertise in Responsible Finance, will enable us to accelerate and strengthen this area, which is at the heart of our strategy. The integration of Degroof Petercam's 1,500 employees will also serve as an opportunity to forge new links and develop an understanding of each other's culture, so that we can begin to work on defining our shared values. This rapprochement of teams and values is at the heart of the successful integration of the two banks. With a participation rate and score higher than in 2023, the results of the employee satisfaction survey confirm our commitment to this transforming project. Lastly, we are making progress with our digital transformation, making it easier for customers to contact us and receive information, and making the work of our employees more fluid, like our new customer relationship management tool, WDX, which has been rolled out to all our entities outside Asia. It is on the strength of these advances that we enter the year 2025. Thanks to the relevance of our business model and our diversification, even in the face of uncertainty and strong winds, the Indosuez group is well placed to strengthen its market share in its target geographical areas and win new customers. Message from the General Management of Indosuez Wealth Management Jacques Prost Chief Executive Officer CA Indosuez Pierre Fort Chairman CA Indosuez Annual Report 2024 15
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