A long-standing presence
A long history
The multitude of stories that have shaped our Brazilian business lie deep in our history.
It all began here in 1947, when our forerunner, Banque de l’Indochine, acquired a stake in Crédit Foncier du Brésil et de l’Amérique du Sud.
Then, the following year, a new local bank, Banco Francês e Brasileiro SA, became part of Crédit Lyonnais, which turned it into the No. 2 foreign bank in Brazil. It focused on a domestic market of wealthy individuals and major corporate clients, reinventing the modern private banking model in Brazil under the BFB Personnalité brand.
After selling its Brazilian unit to Banco Itaú in 1995, Credit Lyonnais came back to the country 4 years later with an Asset Management partnership, CL Asset Management Brazil, to develop a range of investment funds aimed at high-end Brazilian clients.
In 2001, Crédit Lyonnais consolidated its local operations with the acquisition of Banco AGF Braseg, which it focused on merchant banking and wealth management.
In 1996, our story began a new chapterone when Banque Indosuez joined Crédit Agricole, followed by Crédit Lyonnais in 2003.
Starting in 2004, our Brazilian businesses joined Calyon, Crédit Agricole group’s Corporate and Investment Banking division, which was renamed Crédit Agricole CIB in 2010.
Over time, Crédit Agricole group combined its Wealth Management teams all over the world to create Indosuez Wealth Management.
With offices in São Paulo and Rio de Janeiro, our clients can enjoy our full service Wealth Management experience - continuing our long history in Brazil.