CNCA & Indosuez Combine FX Units in NY With London & Paris Scheduled to Follow

- By FX Markets Staff
- @FXMarkets_
- 12 May 1997

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The New York foreign exchange operations of Caisse Nationale de Credit Agricole (CNCA) and Banque Indosuez combined their forex operations on May 1, officials confirm. Effective May 21, the new institution will be called Credit Agricole Indosuez, says Indo's current global head of FX Nathalie Rachou.

Following the general assemblies' meeting on May 21, both banks will officially merge their market activities from July 1, says Rachou. Appointments, such as a new global head of FX and respective

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