CFM INDOSUEZ Wealth Management - 2019 annual report

board of directors The Board of Directors asks shareholders to approve the appointment as director of Pierre Masclet, who was co-opted by the Board of Directors at its meeting on 12 December 2019 to replace Jacques Prost for the remainder of his term of office, i.e. until the end of the Annual General Meeting called in 2021 to approve the financial statements for 2020. In accordance with the articles of association, we propose the appointment of Eric Vial, Chairman of the Crédit Agricole des Savoie regional bank, who was co-opted by the Board of Directors on 12 March 2020 to replace Yves Barsalou, who passed away in September 2019, on the CFM Indosuez Wealth Board of Directors. The Board recommends that Eric Vial be appointed for a period of three years, until the Ordinary Annual General Meeting called in 2024 to approve the financial statements for 2023. Michel Cresp’s term as director is due to expire and will not be renewed. In accordance with the articles of association, we propose the appointment of Bertrand Corbeau, Deputy Chief Executive Officer of Crédit Agricole SA, who was co-opted by the Board of Directors on 12 March 2020 to replace Michel Cresp on the CFM Indosuez Wealth Board of Directors. The Board recommends that Bertrand Corbeau be appointed for a period of three years, until the Ordinary Annual General Meeting called in 2024 to approve the financial statements for 2023. transactions performed by directors or related parties with cfm indosuez wealth management In accordance with the provisions of Article 24 of law no. 408 of 20 January 1945, we hereby report on transactions covered in Article 23 of the Sovereign Ordinance of 5 March 1895 conducted between CFM Indosuez Wealth and another Group entity or director, and report on agreements previously authorised in principle that were signed in the company’s interest during 2019, as well as on past agreements and commitments consisting in term loans to financial institutions within Crédit Agricole SA Group: - Signing of two new intragroup outsourcing agreements for trading desk activities with CA Indosuez Wealth Europe and the Global Custody activity, with CACEIS Nyon. - Cash Management outsourcing agreement with CA Indosuez (Switzerland). - CFM Indosuez Wealth carried out banking and market transactions with CA CIB and other Group entities including CA Indosuez Wealth (Group) and CA Indosuez (Switzerland) SA. The services rendered by these entities and the associated terms of remuneration are recognised in invoices for “Head office expenses”, “Cross-border” services, “Investment intelligence”, and “Commercial content management”. - CFM Indosuez Wealth continued to apply the outsourcing agreement covering IT services (S2i) and back office services with Azqore (formerly CAPBS). - CFM Indosuez Wealth continued to provide operational support to CFM Indosuez Gestion and CFM Indosuez Conseil en Investissement SASU. - CFM Indosuez Wealth used the services of insurance broker Ascoma JH for the management of some its insurance policies. We ask you to acknowledge that you have been notified of these transactions, in accordance with the provisions of Article 23 of the Sovereign Ordinance of 5 March 1895, and to ratify them as necessary. We also ask you to renew the terms of office of your directors and grant your company the same authorisation for 2020. This is the report submitted for your approval further to the observations made by the Statutory Auditors. 39 2019 Activity Report