CFM Indosuez Wealth Management has sold a fraction of its business in the Principality of Monaco, namely clients resident in African countries, to Compagnie Monégasque de Banque (CMB). This agreement is in line with CFM Indosuez Wealth Management’s proactive approach to limit client relations to residents of countries participating in AEOI (Automatic Exchange of Information). It is also in line with Indosuez Wealth Management group’s strategy to refocus its positions with clients in its key markets.
AEOI entered into force in Monaco on 1 January 2017.
