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Three questions to Paul de Leusse, Managing Director of Indosuez Wealth Management

 

Paul de Leusse sits on the Grameen Crédit Agricole Foundation Board of Directors 

What is your vision for the mission of the Grameen Crédit Agricole Foundation?

The Grameen Crédit Agricole Foundation contributes to the improvement of the living conditions of the poorest populations within the framework of a controlled and responsible economic development. In this respect, it combines the vision of development embodied by Professor Yunus with the humanist vision and expertise of the Crédit Agricole Group.

What are the reasons which led you to join the Board of Directors of the Grameen Crédit Agricole Foundation?

There are several reasons: first of all, the curiosity to learn more about the action of the Foundation, often unknown within Crédit Agricole, combined with the desire to understand how the Foundation can reconcile our work as bankers with a societal commitment. Then, as a member of the Board, I discovered an organisation of great professionalism, to which I hope to make a modest contribution. This motivated me to pursue this commitment.

In your opinion, is there any coherence, and if so, which one, between the action of the Grameen Crédit Agricole Foundation and the private banking business of Crédit Agricole?

There are several elements of coherence: of course philanthropy, at the heart of the Grameen Crédit Agricole Foundation, but also increasingly present in the asset management business. Indosuez Wealth Management has created a consulting business for our clients willing to launch a foundation. There is also another thing in common, less obvious, about the very practice of banking: the Foundation, like Indosuez Wealth Management, is led to work in countries far from the traditional bases of Crédit Agricole, where compliance standards are sometimes different from ours. As such, we must be vigilant to ensure that we work in compliance with the requirements of the Group.