Crédit Agricole CIB has announced Dominique Honoré will lead its newly launched global trade and commodities product line, with Vincent Gancel appointed as deputy head. 

The product line sits within Crédit Agricole’s international trade and transaction banking business, bringing together its trade finance, commodity finance and receivables and supply chain finance activities within a single unit. 

Paris-based Honoré takes up the role of global head of global trade and commodities, having previously headed several business lines since joining the bank in 2015. She was most recently head of its global products and structuring team, and has held senior roles spanning trade finance, supply chain finance and cash management. 

Honoré previously spent nearly nine years as head of trade and supply chain finance at Royal Bank of Scotland in Paris, and before that served in trade-related roles at UniCredit, ANZ Investment Bank and Crédit Lyonnais. 

She reports to Yves-Marie Gayet, Crédit Agricole’s global head of international trade and transaction banking. 

Gancel, also based in Paris, will continue as head of commodities alongside his role as deputy to Honoré. Joining the bank in 2000, Gancel was appointed global head of commodity finance in 2015 and also became co-head of corporate and investment banking at CA Indosuez Switzerland in 2022. 

Honoré says the freshly launched product line “will integrate all the needs of our corporate and financial institution clients in terms of trade finance and working capital solutions”. 

“Given the current economic and political instability, challenges around energy transition and new technologies, we need to remain extremely agile and close to our markets,” she says. 

Gancel adds the unit will provide a combined sectoral and geographical approach to trade and working capital, complemented by advisory services. 

“While retaining the expertise of our current business lines, we aim to adopt a more transversal approach, proactively assessing sectorial and market trends to consistently deliver the most appropriate and value-added solutions to our clients,” he says.  

“This transversal approach will enable us to operate with greater efficiency and agility in developing innovative products, while also accelerating our digitalisation journey.”