The Board of Directors of CMB, chaired by Mr Etienne Franzi, has today appointed Mr Francesco Grosoli as Chief Executive Officer of the Bank, starting from 15 May 2019.
Mr Grosoli, aged 52, is an Italian citizen with consolidated international experience in private banking in outstanding institutions such as Barclays, HSBC and BSI. Mr Grosoli is well acquainted with the banking sector in Monaco, where he has lived since 1975, and has held a series of significant roles such as Head of HSBC Private Banking until 2007. In Barclays he has held positions of increasing responsibility, having most recently served as CEO of Barclays Private Bank EMEA and Monaco.
The appointment of Mr Grosoli is intended to promote significant growth by CMB and increased co-operation with the Mediobanca CIB division and AM platform as part of the increasing importance of Wealth Management activities within the Group as a whole.
CMB’s Board of Directors would like to place on record its thanks to CEO Werner Peyer for his work since 2010. Mr Peyer will continue to work for CMB as a non-executive Vice President.
