Credit Agricole Sticks To Forex Strategy Under New Global FX Chief Herlaut

BANKS

Caisse Nationale de Credit Agricole (CNCA) is pushing ahead with its strategy in foreign exchange despite the uncertainty surrounding the intended merger with Banque Indosuez (FXW, May 6), officials say. The bank announced the appointment of Francis Herlaut as Credit Agricole's new global head of foreign exchange, replacing Bassim Snaije, who has transferred to New York.

Snaije takes over as head of treasury in the US from Jean-Claude Gelhaar, whose rotation in the US had expired, says

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