Mr Justin Highman, Deputy Director General of the Monaco Economic Board, and Mr Hervé Ordioni, Chairman of the Commission for the Promotion of the Monegasque Financial Centre and Managing Director of Banque Edmond de Rothschild in Monaco, opened the Summit on 1 July. They respectively presented the country's economic assets and the advantages of the financial centre, highlighting the strong growth in the number of family offices in the Principality.
Mr Ordioni presented the creation of a joint commission: "Monaco Finance Impact". This new working group, made up of representatives of the Monegasque Association of Financial Activities and the State, has the task of examining the future of the Principality's banking and financial centre with regard to the sustainable development commitments made by the Sovereign.
The first objective is to take stock of the SRI/ESG offer of the Monegasque financial centre in terms of mutual funds and portfolio management. Then, on the basis of this inventory, to progressively improve the offer in line with the government's ambition: to make Monaco a leading country in sustainable finance.
Bankers, fund managers and private managers are already integrating a "sustainable" approach into their decision-making processes for themselves and their clients. All the players in the financial sector have become aware of their share of responsibility in resolving global challenges and in implementing the changes that are essential in the fight against global warming.
The Global Ritossa Family Office Investment Summit is one of the most exclusive events organised on the theme of family wealth. It features the world's most powerful family offices. Held for the fifth time in Monaco, the Summit is a bridge between European families and their counterparts from the Middle East, the United States, Asia and Latin America, to meet, network, and exchange information and ideas with a common goal: to improve the world of tomorrow through their investments.
