Credit Agricole sizing up opportunity for growth in Asia, says deputy CEO

Paris

CREDIT Agricole SA, France's second-largest bank, is considering expanding its presence in Asia to tap the region's "huge potential" for growth, deputy chief executive officer Xavier Musca said.

The lender has opened a representative office in Indonesia and is increasing its asset-management footprint through the purchase of Pioneer Investments by Amundi SA, the investment firm controlled by Credit Agricole, Mr Musca said in a Bloomberg Television interview from Singapore.