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CFM Indosuez Wealth Management signs referral agreement with HSBC Private Bank with a view to welcoming clients from HSBC’s client base in the Principality of Monaco.
CFM Indosuez Wealth Management has signed a referral agreement with HSBC Private Bank with a view to welcoming clients introduced to it from HSBC’s client base in the Principality of Monaco. This agreement is in line with Indosuez Wealth Management Group’s strategy to strengthen its positions with UHNWI clients in its key markets; it also reinforces CFM Indosuez Wealth Management’s leadership as the largest bank in the Principality of Monaco. The referral process will begin immediately. CFM Indosuez Wealth Management will work closely with HSBC to ensure the smoothest possible process for the clients.
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« An Introduction to the Yachting Industry », the new specialization of the International University of Monaco presented at the Monaco Yacht Club.
To mark the 26th edition of the Monaco Yacht Show, on the initiative of the « Yachting Monaco » Cluster, the International University of Monaco has welcome at the Yacht Club the 2016-2017 students of the MSc in Luxury Management, which this year integrated into its program a specialization in the field of Yachting: « An Introduction to the Yachting Industry».
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Monaco KBL Private Bankers (KBL mpb), member of KBL European Private Bankers group based in Luxembourg (KBL epb), held on September 6, 2016 an investment conference at the prestigious Monaco Yacht Club.
Managed by Jean Danckaert, CEO of KBL mpb, more than a hundred guests attended the event, gathering customers, business partners and financial partners. Marie-Hélène Royet, Chief Investment Officer, and Philippe Giordan, Head of Advisory at KBL mpb, presented the investment outlook for the end of 2016.
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For 25 years, ACI Monaco has been actress of associative action in the Principality.
Its remit is finance.
Its actions are focused on training, provided free and voluntarily by its members, friendliness, with monthly meetings and annual sport activities: golf tournament, aquatic day, etc.
Its values are affirmed around ethics with the release of the Model Code and training with the deployment of online portal ELAC.
Its strength lies in its constitution in association of individual people, the involvement of its members and goodwill of their employers and authorities.
Finally, its legitimacy is confirmed by the consideration that H.S.H. Prince Albert II testified on the occasion of its 20th anniversary, accepting the Presidency of Honor.
On the occasion of its 25th anniversary, a topic was chosen for the symposium: the BREXIT.
Jean-Pierre PETIT was chosen to lead this analysis with sometimes elusive outlines.
Let us trust him to be an assured guide!
Robert LAURE
ACI Monaco Chairman
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This year, our firm is celebrating its fortieth birthday.
From a modest start in 1976 with a dozen employees and a few hundred square metres to nearly 210 employees and
5,000 m² today, it has successfully combined internal and external growth since 1996 with the takeover of the Banca Commerciale Italiana, followed by ABN Amro in 2006 and Capitalia in 2008.
It is a solid and resourceful forty-year-old.
Solid in terms of its balance sheet, with over 700 million euros in equity as of 31 December 2015.
Solid too in terms of its results, which are still excellent despite the financial crisis that started in 2008 and is not yet completely over.
It demonstrated its resourcefulness by successfully handling the major changes that have affected Monaco's financial marketplace, by progressively adapting its sales policy and products.
This strengthened our commercial activities on our domestic market - the Principality now represents a little over 50% of our turnover - and expanded it internationally to new customer bases.
To support this expansion, innovative products were developed by our asset management specialists to meet the needs of these new customers, especially via Luxembourg, to take advantage of the "European passport".
Like Henri Bergson, we are well aware that "the future doesn't happen to us, we create it".
As befits a major institution in the financial marketplace, Compagnie Monégasque de Banque never ceased to support the main cultural and scientific stakeholders in the Principality, even going so far as to increase our support this year to celebrate our 40 years.
Etienne Franzi
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Chaired by Mr Anthony Stent Torriani, Chairman of Management Activities within the AMAF - CEO of Monaco Asset Management.
Before an audience of more than fifty members,
- Ms M. Vercesi - Secretary General of the CCAF, presented the management activities in the Principality for 2015.
- Mr Anthony Stent Torriani laid out the incredible success of Monaco's training and professional certification programme, which started in 2014. Currently providing its sixth training course, this initiative has certified 152 professionals working in the financial marketplace in just over two years of existence.
- Mr Robert Laure - CEO Compagnie monégasque de gestion; Chairman of ACI Monaco, discussed the skills offered in the Principality regarding collective fund management in Monaco and abroad, the implementation of the reform for a simplified prospectus, as well as the introduction of a "CACEIS-users club".
- Mr Patrick Churchill, CEO of Churchill Capital - Advisor to AMAF, focussed in particular on relationships with Anglo-American portfolio management companies, as well as the various Hedge Fund conferences organised over the last three years by active members of AMAF, which are more and more popular.
- Mr Jean Dastakian, Secretary General, highlighted the association's productive collaboration with SICCFIN and CCIN.
Last but not least, a date was set for the conference on Collective Management in Monaco that will be held in the second half of September 2016.
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KBL European Private Bankers (KBL epb), based in Luxembourg, announced on April 12 the signature of a preliminary agreement for the purchase of Insinger de Beaufort, a leading Private Bank in the Netherlands, to BNP Paribas Wealth Management.
The merged entity, whose assets under management exceed € 20 billion, will become one of the strongest 'pure play' private banks of the Netherlands.
With this acquisition, the third for the Group in 18 months - KBL confirms its long-term development strategy that targets organic, semi-organic and external growth.
KBL is installed since 1996 in Monaco. Its customers are international, from more than 50 nationalities: Anglo-Saxons, Germans, Italians, Spaniards ... They reside in the Principality or the French Riviera but also in their countries of origin, often with a second home in the area, and usually enjoy very high incomes.
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The second edition of the " Monaco Symposium on Luxury", organized by the International University of Monaco, brings together professors from the best universities in the world, as well as corporate executives in the fields of luxury. The first day, after the welcome speech of Mr Jean Castellini, Government Counsellor for Finance and the Economy, the latest trends and the new challenges in luxury industry will be discussed. The second day will be devoted to experiences demanded by luxury products consumers, who are increasingly demanding. The strategic line to be adopted by industry professionals, between Emotions, Tradition and Innovation, will conclude these two days of work.
