The France-headquartered group is changing its divisional make-up a year after buying a Belgium-based firm, and has made a number of senior appointments.

Indosuez Wealth Management, which in June last year completed its acquisition of Belgian wealth and investment group Degroof Petercam, has added three new business divisions to its existing lines.

Until now, the French bank has been structured by geographical area, with five regional divisions – Belgium, France, Switzerland (Asia and the Middle East), Monaco and the rest of Europe from Luxembourg.

Each division comes under direct supervision of the CEO, Jacques Prost, Indosuez WM said in a statement yesterday.

The lender has now announced that it is adding three new business lines, supervised by the CEO: Advisory, Financing and Coverage (AFC); Investment Management (IM), and Fund Technology and Banking Services (FTBS).

Indosuez WM also made the following appointments: 

Mathieu Ferragut has been named deputy CEO of Indosuez Wealth Management in charge of AFC; he will remain CEO of CFM Indosuez, Indosuez’s subsidiary in Monaco, for a transitional period until a successor is appointed. This division includes coverage (front office) as well as wealth management and corporate finance, structuring, insurance, global markets, financing, real estate, advisory, marketing and business development and business support.

Peter De Coensel, who has been appointed IM head, is remaining as CEO of DPAM (the asset management entity of Indosuez Wealth Management). This division includes the public markets, private markets, wealth management solutions and ESG activities.

Pierre Masclet has been appointed deputy CEO in charge of the FTBS division. Until the appointment of a new CEO of Azqore, Masclet will combine the two functions for the transitional period. The FTBS division comprises the IT, organisation and process, operations, fund solutions, digital (including WDX), data/artificial intelligence and security (CISO) teams of the Indosuez Group entities.

The support functions, such as finance, strategy, legal, transformation, human resources, communication and control functions such as compliance and risk, will remain under the CEO’s supervision.

Indosuez WM intends to lay out its 2026/2027 medium-term plan at the end of 2026, it added.