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.
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