Crédit Agricole's private bank plans distressed debt fund
Geneva-based Crédit Agricole Suisse is setting up a leverage buyout debt fund, according to the firm’s head of marketing and investment. Regulatory and liquidity issues could compel banks to sell the debt for relatively high spreads.
Crédit Agricole Suisse, the private banking arm, of Crédit Agricole, is preparing to launch a leverage buyout (LBO) debt fund for its clients.
Frederic Lamotte, head of marketing and investments for the bank told asiamoney.com that it is working in partnership with an asset manager to set up
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