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CDM Capital Accelerates Growth, Outpaces Its Development Plan – Insights from Crédit du Maroc
Khalid Aabid, head of the investment‑banking division at Crédit du Maroc, explains how CDM Capital has completely reshaped its business in the last three years. The overhaul includes new advisory, brokerage, mandate‑management and OPCI activities, tighter integration with the bank’s commercial platform and a strong focus on talent and technology. The bank now positions CDM Capital as a strategic pillar that should diversify earnings and deepen client relationships, signalling a bullish outlook for the group’s share price.
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Interview with Khalid Aabid, Head of Investment Banking at Crédit du Maroc
CDM Capital, the investment‑banking subsidiary of Crédit du Maroc, has been reshaping its business model over the past three years. The overhaul goes beyond updating legacy services; it adds new capabilities such as corporate advisory, equity brokerage, mandate‑based portfolio management and OPCI (real‑estate investment funds) management, all woven into the bank’s commercial network.
How the transformation was built
Each activity was rebuilt around three pillars: modern information‑technology platforms, a robust governance and risk framework, and a commercial strategy backed by skilled human resources. The bank now relies on a multidisciplinary team that combines deep sector knowledge with a transversal steering unit responsible for both commercial and operational matters.
All lines of business are linked together and, crucially, integrated with the bank’s core commercial engine. The real strength lies in their complementarity: the platform delivers end‑to‑end solutions for private firms, institutional investors, public entities and individual investors.
Strategic role within Crédit du Maroc
CDM Capital has become a strategic pillar alongside retail banking and corporate financing. For shareholders it diversifies earnings; for clients it deepens the bank’s proximity to businesses and investors, supporting everything from routine placements to complex financial structuring.
The ambition is to turn the platform into one of Morocco’s reference investment‑banking houses, maintaining a focus on innovation, expertise and service quality.
Recent operational milestones
- Modernised the trading floor and securities‑services operations.
- Revitalised the mutual‑fund (OPCVM) franchise.
- Founded a brokerage house that is now a recognised market player.
- Launched a high‑level corporate advisory and alternative‑investment boutique.
- Introduced a mandate‑management activity.
- Strengthened real‑estate expertise through the acquisition of Nema Capital, an OPCI manager.
Financial performance
CDM Capital now runs a profitable investment‑banking unit that is ahead of its development roadmap. While there is still work to do, the bank believes its model equips it to meet client needs and to capture the accelerating Moroccan economic momentum.
Success factors
Rapid execution required perfect alignment of all stakeholders. The backing of the Holmarcom group after it entered Crédit du Maroc’s capital, combined with strong management commitment, set a clear, shared development strategy. Rigorous yet agile implementation allowed swift adjustments to market feedback. Finally, the dedication of every employee – from investment bankers to support functions – turned the vision into reality.
“I salute the entire team; without them CDM Capital would not exist,” says Khalid Aabid.