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Created: 26 October 2015

Monaco Telecom is deploying for the first time on an European public network a new evolution of the 4th generation mobile network called 4G ++ (or Category 9 LTE-Advanced).
The operator confirms its commitment to offer the latest developments to its mobile network customers.
Monaco Telecom now dedicates three frequency bands to 4G, for a total of 60MHz spectrum (2x20MHz in 2.6 GHz and 1x20MHz in 800MHz), i.e. twice more than French and European operators.
In a dense urban environment such as Monaco, this spectral width allows everyone a maximum comfort despite the exponential increase in use. Indeed, every year the amount of data exchanged on Monaco Telecom’s network is doubled. Subscribers make 50% of their data use in 4G and use an average of 1.3 Giga of data per month.

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Created: 24 September 2015

On September 18, AMAF (Monegasque Association of Financial Activities) hosted a delegation of bankers from Macau, headed by their Chairman Mr Ip Sio Kai (besides Deputy General Manager of the Macau branch of the China Bank) and Mr Anselmo Teng,  Chairman of the Monetary Authorities. These high-level representatives wanted to present this market specialized in international trade finance, which is according to them an alternative solution to Hong Kong for business development in China. Macau has 29 banks for a total of $ 111.5 billion in deposits and $ 95.3 billion of credit. It was also an opportunity to strengthen ties between the two banking spaces of Macau and Monaco.The Monegasque financial center was presented to them by MM. Ordioni, President of the Commission for Promotion of Financial Place and Dastakian, Secretary General of the AMAF, with Ms Fabbretti, Head of the Budget and Treasury Department of Monaco.

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Created: 17 September 2015

Founded by MM. Christian Bousquet and Bernard Boisson, EXCOM has been established in the Principality for 24 years.

All the member firms of Grant Thornton International are one of the most powerful world organizations of the market, with more than 40,000 professionals in Audit and Council in 140 countries around the world, even if each member of the network remains independent  on the financial, legal and managerial levels.

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Created: 15 September 2015

• The main entity, the MONACO ECONOMIC BOARD, clarifies the organisation’s position as a business tool dedicated to member companies and Monaco’s dynamic economy. It reinforces its representative role by giving it a more modern statutory image in its dealings with international counterparts. The Board comprises members of the CDE’s current Steering Committee representing economic stakeholders across the spectrum in the Principality.
• Under the aegis of the main entity, the MONACO CHAMBER OF COMMERCE and MONACO INVEST have a functional role to play as two wholly separate agencies meeting different requirements that are more clearly defined by their names: the MONACO CHAMBER OF COMMERCE’s mission is to support companies in the Principality, without changing the status or mode of operation. The new name will facilitate its activities abroad where nearly all the organisations it deals with are Chambers of Commerce. The second agency, MONACO INVEST as its name suggests, has a mission to seek and support investors. Foreign business organisations wanting to set up in Monaco with the aim of developing binational investments will come under Monaco Invest.

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Created: 01 July 2015

60 players took part in the fifth edition of the Monaco Barclays Golf Trophy at the Monte Carlo Golf Club on Friday 26th June. Bankers and clients, greeted by Gérald Mathieu, Head of Private Banking, played the course in teams of four, in a competitive but informal setting. Players also enjoyed the valuable advice of the young and talented Luigi Zenere. Finally, for the second consecutive time, a charity raffle was held, with all proceeds going to the association Mission Enfance.

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Created: 26 June 2015

The Compagnie Monégasque de Banque (CMB), a branch of Mediobanca, obtained for its subsidiary « CMB Wealth Management LTD) the license from the Financial Conduct Authority in the UK, enabling it to offer wealth management and mortgage advisory services.

CMB Wealth Management Ltd, drawing on the expertise of Mediobanca and CMB, will cater for high-net-worth clients in the British capital, in particular those with UK resident non-domiciled status.

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Created: 17 June 2015

ACI Monaco is part of a world federation of associations gathering all the professionals of the financial markets. Since 1992, its aim is to develop and establish links between all the stakeholders of the Monegasque financial center. By providing courses about the different financial tools, it wishes to contribute to the development of the banking industry.

The subject of the 2015 colloquium will be:

« Smart ETFs? How is it possible to ask more of the passive management with Smart Beta ETFs? » announces the President Robert Laure.

The speakers will be:

• Jean-Pierre Petit, Economist, President of SOCOFI - Green Economic & Financial Research.
  « Macro-economic Presentation »
• Noël Amenc, Professor of Finance / Director of the EDHEC Risk Institute / CEO ERI Scientific Beta.
  « The new forms of ETFs and Smart Beta indices »
• Olivier Paquier, Head of SPDR ETFs Sales France, Monaco, Spain & Portugal.
  « How can a Smart Beta ETF help you meet your goals? »