Articles
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- Category: Training
On March 27, 2018, the Compagnie Monégasque de Banque rewarded the second class of "Académie Femmes et Finance" and awarded its diploma to each of the twenty participants.
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- Category: Legal Environment
Today, the Organisation for Economic Co-operation and Development's Global Forum on Transparency and Exchange of Information for Tax Purposes ("The Global Forum") published the ratings assigned to several States, including Monaco. This publication is part of the OECD's new Peer Review procedure to assess jurisdictions' conformity with the international standard on the exchange of information on request, and, in particular, the new regulations implemented in 2016.
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Marketing Project Manager at Crédit Agricole SA, Grégory Chenue coordinates the Group's work on Blockchain and Bitcoin projects. Monaco Press Club interviewed this specialist in all payment methods and "mobile" assets on his favourite topics.
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Meet Thierry Crovetto, President and Founder of TC Stratégie Financière, who brought the 2016 law on the creation of Multi Family Office (MFO) activities to Monaco.
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- Category: Interviews
With 125.3 billion Swiss francs in assets under management, Union Bancaire Privée (UBP) is one of the largest private banks in Switzerland, and also one of the country's best-capitalised banks. UBP specialises in wealth management for private and institutional clients, and has 1,697 employees across more than 20 locations around the world. We interviewed Michel Longhini during his visit to Monaco to meet Thierry Garde, the new head of UBP’s local branch.
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Sergio Bindi is the managing director of Compagnie de Gestion Privée Monégasque (CGM). The company he founded seventeen years ago has just joined the AZIMUT Group.
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- Category: Products and Services
After completing his PhD in mathematics, Tommaso Mingazzini began his career with Deloitte in Milan. He now works in the management company GFG (Groupe Financier de Gestion), Monaco SAM as Risk Manager. At the latest event staged by the Monegasque Association of Financial Activities (AMAF), he had the opportunity to present the AAA (Active Asset Allocation) allocation model. Designed by GFGLAB, the quantitative department of GFG, the model makes it possible to invest systematically in the financial markets with the goal of maximising the risk-return ratio.
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Marc Sallé de Chou came to Monaco in September to head Crédit du Nord Monaco after a long career in the Group. We asked him about his first impressions of the financial centre.
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- Category: Interviews
Cumulating Caisse Nationale and Caisse Locale functions was the Monegasque feature chosen by Mr. Jean-Jacques Campana, Director of Caisses Sociales de Monaco, at our last interview: "It provides a good view of the problems at field level and enables fitting proposals to be made". Responsibility for the Caisses is enormous: 51,000 employees, 4,100 self-employed workers as well as 33,000 retirees and 23,000 eligible parties have to be managed. Developing the work resources and methods is thus essential.
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The Egmont Group organised a training session on strategic analysis from 23 to 27 October 2017 in Kuala Lumpur, Malaysia.
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On 11 October, an event was held in Munich, Germany, to promote "Destination Monaco." This event was organised by Monaco Tourist and Convention Authority (DTC), and brought together more than a hundred tourism professionals from the Bavarian capital.
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- Category: Living in Monaco
At a press briefing today, the Minister of State and Jean Castellini, Minister of Finance and Economy, gave an overview of the 2018 preliminary Budget (PB).
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On Tuesday, in the presence of the authorities, the Minister of State, Serge Telle, received employees who had been awarded the Monegasque Professional Certification. This certification was instigated by the Prince's Government on the initiative of the Monegasque Association for Financial Activities (AMAF).
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Banks are currently facing a transformation unlike any their sector has ever seen. This phenomenon is rooted in the democratization of the internet, which occurred at the start of the 2000s and picked up pace in 2007 with the arrival of the first smartphone. The banking system needs to reinvent itself to integrate the new business paradigm which is emerging.
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- Category: Living in Monaco
Financial activities are one of the five pillars of Monaco's economy, with almost 116 billion euros in deposits and securities as at 31 March 2017. The sector is thus in good health, providing the state with increasing revenues which, in tandem with a sensible spending policy, has led to a balanced budget, and even a surplus.
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- Category: Legal Environment
Within the framework of Monaco's commitments to the OECD and the European Union, its banks have started making preparations to collect and submit information relating to the accounts of some of their clients, using an internationally accepted standard. At the last "Rendez-Vous Gordon S. Blair", Gilbert Delacour, associate and Managing Director, delivered a progress report on the implementation of the automatic exchange of information in Monaco and related practical requirements for banks.
