Indosuez’s Asia arm “still a target” despite CIC deal

Indosuez Wealth Management is making a bold statement of intent in moving to buy the Asian private bank of Credit Industriel et Commercial (CIC) but would still remain short of the scale it needs in the region if it goes through, say industry observers. Hence Indosuez, part of French group Credit Agricole, is still seen as a likely acquisition target itself, amid the current industry trend for consolidation. Indosuez said on Friday that it had started exclusive discussions with ri…