In 1982, a young graduate, Brassac started his career in the
Gard branch of Crédit Agricole. He was quickly promoted as Head of Organisation, then as Head of Finance Banking and Marketing. In 1994, he was appointed Deputy Chief Executive of Crédit Agricole Alpes Maritimes. In 1999, he joined the Caisse nationale de Crédit Agricole as Director of Relations with Regional Bank. In 2001, Brassac became the Deputy Chief Executive Officer of the new Crédit Agricole Provence Côte d'Azur, a merger of the three caisses regionales: Caisse Regionale Alpes Maritimes, Caisse Regionale des Alpes de Haute-Provence and Caisse Regional du Var. In May 2015, Brassac was appointed CEO of
Crédit Agricole S.A. with the backing of the owners of the group's mutual banks. In June 2015, he announced the flotation of the asset management joint venture,
Amundi, of Credit Agricole and
Société Générale which could be worth €7bn. Brassac took several "bold moves" to develop a strategy to change Credit Agricole's organization following several complaints from analysts who considered the group's structure as "complex". Until now, Crédit Agricole SA (CASA) owned 25% stake in the regional mutual banks which then hold 56% stake of CASA. Since his appointment, Brassac has been developing a plan, called "Eureka", which aims at simplifying the structure of the group by letting the regional banks buy back their 25% stake for a total amount of €18bn. On 29 April 2021, Philippe Brassac predicted that
Bitcoin would be worth less than a dollar by April 2025; the actual closing price for April 2025 was 94'207 USD. ==Other activities==