Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has announced the appointment of Michaël Kofman as chief executive officer and Hong Kong branch manager, effective 1 September 2024. Michaël Kofman succeeds Olivier Livenais who has been in the role since early 2020.
Kofman will oversee Indosuez’s wealth management business for the Hong Kong branch, and will report to Omar Shokur, Indosuez’s chief executive officer Asia.
Shokur said, “[Kofman’s] extensive experience and proven leadership at Indosuez, particularly in driving growth, and credit as well as compliance initiatives, makes him ideal for leading our Hong Kong teams.”
Kofman’s appointment, subject to the approval of the Hong Kong Monetary Authority, will see him relocate from Geneva to Hong Kong.
He joined Crédit Agricole Group in 2002 and has close to 30 years’ experience in financial services. He has been with Indosuez, the wealth management brand of the Group, for over 13 years.
Prior to his current appointment, Kofman was based in Geneva as the head of structuring and financing of the wealth management business for Indosuez, covering the teams in Switzerland and Asia. He also held leadership positions in compliance and credit solutions.
Before Indosuez, Kofman spent eight years at Crédit Agricole Corporate and Investment Bank, where he was regional head of internal audit in Japan and prior to that, audit manager of group internal audit based in Paris.
“Hong Kong is a key wealth creation hub amidst a competitive business landscape that has tremendous potential. Together with my team, I am eager to contribute to our clients’ successes, reinforce our best-in-class wealth solutions and drive our sustainable expansion in this fast-growing region,” said Kofman.
