CFM INDOSUEZ Wealth Management - 2019 annual report

28 CFM Indosuez Wealth Management C O R P O R AT E G O V E R N A N C E 2 / Ownership Structure CFM Indosuez Wealth is 70.12% owned by Fininvest (a holding company almost wholly owned by Crédit Agricole SA), with the remaining 29.88% owned by various individuals and legal entities (none of whom own more than 10% of the shares). 2.1. operating structure CFM Indosuez Wealth SAM is a company incorporated under Monegasque law. Its corporate purpose is, in the Principality of Monaco and abroad, both for itself, for third parties and jointly, to perform any and all banking and financial transactions and, from a more general standpoint, any transactions liable to be carried out by credit institutions under Monegasque law, including insurance brokerage activities, in accordance with applicable laws and regulations. 2.2. scope of consol idat ion CFM Indosuez Wealth Group includes the following active companies: • CFM Indosuez Gestion • CFM Conseil en Investissement The management of these entities’ activities and their organisational structure are based on the strategy, policies, decisions and general authorisations, rules of operation and best practices set by Crédit Agricole Group and CFM Indosuez Wealth, in accordance with the applicable legal and regulatory requirements. 1 / Group structure and shareholders 1.1. group structure CFM Indosuez and its subsidiaries are part of Crédit Agricole Group. Unless otherwise specified, the information presented in this chapter refers to the situation at 31 December 2019. 39 Crédit Agricole regional banks Crédit Agricole SA CACIB CA Indosuez Wealth (Group) Fininvest (Holding company) Monaco Shareholders CFM Indosuez Wealth 100% 100% 100% 70.12% 29.88% CFM Indosuez Wealth Siège Social - Monaco CFM Indosuez Gestion SAM Monaco CFM Indosuez Conseil en Investissements SA SU France / Nouméa 99.3% 100%