BFCM carries the group’s subsidiaries and coordinates their activities: theses subsidiaries operate in retail banking, specialized financial services (such as consumer finance, factoring, equipment and real estate leasing), insurance, asset management, corporate banking, private equity payment processing and information technology.
Banque Fédérative du Crédit Mutuel
BFCM and its subsidiaries support and diversify the activities of the Crédit Mutuel local banks.
BFCM is 98.1% owned by the regional entities of the mutual banking group (mainly the Caisse Fédérale de Crédit Mutuel). It is at the heart of the Crédit Mutuel Alliance Fédérale organization through several key business activities:
BFCM also serves as the refinancing facility for Crédit Mutuel Alliance Fédérale and thus acts on the financial markets as an issuer of financial instruments in the short-term and medium long-term
BFCM acts as custodian mainly for Undertakings for Collective Investment (UCI) of Crédit Mutuel Alliance Fédérale’s management companies.
|Chairman of the Board of Directors||Nicolas Théry|
|Chief Executive Officer and effective manager||Daniel Baal|
|Chief Operating Officer and effective manager||Eric Charpentier|
|Deputy Chief Executive Officer and effective manager||Alexandre Saada|
The Federal banks of CMMABN and CMO hold the remaining 1.8%.