- 3 min
CITIC Securities and Crédit Agricole Corporate & Investment Bank to create leading global brokerage platform and Asia Pacific investment bank
- A shared common vision through an equal partnership in global institutional brokerage, and Asia Pacific equity capital markets and investment banking
- Cooperation of the existing investment banking activities of CITICS and Crédit Agricole CIB
- Leverage Crédit Agricole CIB activities and client relationships globally and CITICS leadership in China
Pursuant to the signing of a memorandum of understanding in April 2010 and the subsequent opening of exclusive negotiations, CITIC Securities (“CITICS”) and Crédit Agricole Corporate & Investment Bank (“Crédit Agricole CIB”) announce today the signing of an agreement on certain key terms and the extension of the exclusivity period until June 30, 2011.