On June 23, 2025, CFM Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, announced it had signed an agreement to take over the wealth management (“Wealth Management”) client base of BNP Paribas’s Monaco branch. This deal marks a significant milestone in the Principality’s banking landscape.

BNP Paribas has chosen to reorganize its activities in Monaco by refocusing on commercial, private, and corporate banking with a single platform. Wealth management thus becomes a non-strategic area locally for the group, leaving room for a player with deep historical roots in Monaco.
Subject to regulatory approvals, the transaction is expected to close during the first half of 2026. Indosuez has indicated that the impact of this acquisition on its solvency ratios will be limited.

Present in Monaco since 1922, CFM Indosuez is strengthening its position as the leading wealth manager in the market through this deal.

Key highlights:

• A strong local presence with nearly 400 employees.
• A dedicated service for a demanding international clientele, with expertise in wealth structuring, asset management, and bespoke investment solutions.
• Integration into Indosuez’s global network and the Crédit Agricole Group, ensuring multijurisdictional support capabilities.

The deal is part of a broader trend of consolidation in the European wealth management market, particularly in high-net-worth financial centres such as Monaco, Luxembourg, and Geneva.

The Principality, whose economy remains closely tied to the UHNW (Ultra High Net Worth) client segment, is thus seeing a new balance of power emerge:

• The rise of players backed by strong international banking groups.
• A strategic repositioning of traditional banks in response to regulatory, technological, and competitive pressures.
• An increasingly sophisticated offering for major fortunes: luxury real estate, private equity, cross-border structuring, philanthropy.

To ensure a smooth transition for the affected clients, BNP Paribas and CFM Indosuez have agreed on a commercial partnership to maintain service quality and support transitions seamlessly.

With this acquisition, CFM Indosuez is significantly strengthening its footprint in Monaco and establishing itself as a key player in European wealth management. It represents not only a local paradigm shift but also reflects broader sector trends: consolidation, specialization, and the search for global synergies serving the wealthiest clients. Finally, with the completion of this acquisition, positive signs for the financial centre can be seen. Indeed, the Crédit Agricole Group demonstrates its strong confidence in Monaco’s resilience, with, one hopes, an eventual exit from the FATF’s so-called grey list.