CFM INDOSUEZ Wealth Management - 2020 Annual Report

38 €2,830 million compared with €1,426 million in 2019, but remained limited to 0.89% of equity and 2.4% of NBI given the circumstances of a sharp increase in transaction volumes and market volatility linked to the Covid-19 pandemic. Theprimary operational risks identifiedandprovisions recognised over the year, for a total of €1,787,000, concern: · An execution error in Q1 2020 relating to the non- cancellation of a limit order on a security. · The recognition of an additional provision in Q4 for a fraud file · A payment on 28/12 in the context of the signature of a settlement agreement relating to an investment proposal submitted. · The recognition on 31/12/2020 of a provision following a sale of structured products. A communicationwas sent to directors on 20/01/2021 to alert them that the tolerance threshold of the operational risk indicator (provisions included) had been surpassed at 31/12/2020 by €382,000, the net cost at the end of the year amounting to€2,830million (of which two provisions in 2020 for a remaining €869,000 at 31/12) for a tolerance threshold of €2,448 million. COMPOSITION OF THE BOARD OF DIRECTORS The Board acknowledged the resignation of Bertrand Corbeau effective 01 January 2021 and proposed at the meeting of 12 March to appoint Catherine Galvez as a newmember. The appointment of Ms Galvez for a period of three yearswill be proposed for ratification at the next General Meeting. The appointments of Directors Andrée Samat, Jean- Marie Sander, Bastien Charpentier, Jean Delamalle, Hervé Husson, Pierre Masclet, and François Veverka will end at the General Meeting of 11 May 2021. In accordance with the Articles of Association, we propose the reappointment, subject to individual approval, of Jean-Marie Sander and Jean Delamalle for a period of one year and the reappointments of Bastien Charpentier, Hervé Husson, Pierre Masclet and François Veverka for a period of three years. Andrée Samat’s term as Director will not be renewed. These reappointments will be proposed for ratification at the next General Meeting. TRANSACTIONS PERFORMED BY DIRECTORS OR RELATED PARTIES WITH CFM INDOSUEZ WEALTH MANAGEMENT In accordance with the provisions of Article 24 of lawno. 408 of 20January 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 in 2020, and report on agreements previously authorised in principle that were signed in the company ’s interest during 2020, as well as on past agreements and commitments consisting in term loans to financial institutions within Crédit Agricole SA Group: - Cash Management outsourcing agreement with CA Wealth (Switzerland). - CFM IndosuezWealth carried out banking andmarket transactions with CA-CIB and other Group entities including CA IndosuezWealth (Group) and CA Indosuez (Suisse) 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”. R E PORT OF THE BOARD OF D I R ECTOR S AT THE ORD I NARY GENE R AL ME E T I NG OF 1 1 MAY 2 0 2 1