Normand Allaire, head of European equity research at Crédit Agricole Asset Management, has left his position to join Crédit Agricole's private banking business.

Allaire, who has been with Crédit Agricole Asset Management since 1998, has transferred to Banque de Gestion Privée Indosuez, where he will be chief investment officer and be involved in the strategic running of the private client arm.