The Compagnie Monégasque de Banque (CMB), a subsidiary for the International Private Banking of Mediobanca Group, a renowned Italian investment bank, will create a new asset management company in London, to meet the needs of high net worth clients in the British capital, and more particularly to satisfy Residents Non Dom (RND) customers in the UK.
Werner Peyer, CEO: "CMB has been thinking about this project for some time with Mediobanca. We believe that the sharing of CMB and Mediobanca skills will allow us to create a wealth management company in London which will be a destination for European and other nationals based in London - a customer base that we know already perfectly in Monaco.
