The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Crédit Agricole CIB’s Australia launch shows the allure of an in-vogue market

The firm has joined Barclays and Jefferies, as well as start-ups Jarden Australia and Barrenjoey, in bolstering its presence in Australia. What’s the appeal of this heavily banked market?


Today’s news (January 4) that Crédit Agricole CIB has opened as a licensed bank in Australia is the latest example of global banks and local entrepreneurs seeing opportunity in this well-trodden market.

Crédit Agricole is not a new name in town: it has operated in Australia since 1982, with a niche in structured finance alongside a presence in infrastructure, real estate and energy and the hedging needs that go with them.

But the new set-up as a bank suggests a different strategy. Corporate lending and investor solutions will be added to the mix, while an onshore presence will be developed in the telecom, health and renewables sectors in particular.

“The new set-up… serves as a platform for future growth of [our] Australian client base – primarily local financial institutions and large corporates, and this will enable the bank to deliver more comprehensive services to clients,” Crédit Agricole says.

The French bank also hopes that it will be able to conduct cross-border business between Australia and its global network, with a particular focus on global multinationals in Japan and Singapore that are active in Australia.

Attractive market

The news follows a decision by Barclays to become a foundation investor in Barrenjoey Capital Partners, a new full-service financial services firm in Australia, in September.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree