Nicolas Feit succeeds Alexandre Rousseau as Chief Executive Officer of Societe Generale Private Banking Monaco and Deputy Chief Executive Officer of Societe Generale in Monaco.

Barclays Private Bank has strengthened its team with the appointments of Olivier Franceschelli, who joins as Head of Private Banking in Monaco and Alan Werlau as Head of Investments for Barclays Bank Ireland PLC.
Mr Franceschelli will lead the Monaco business to drive Barclays’ ambitions in the principality by delivering tailored services and solutions to high net worth and ultra-high net worth clients in the region. He has extensive knowledge and experience of delivering success in the private banking sector and the Monégasque market, having previously held the position of co-Business Head at CFM Indosuez in Monaco, leading the bank’s Relationship Management teams.

2019 11 22 rotschild

Edmond de Rothschild (Monaco) has specialized in mandated management with always enviable performances; this service enables the client to entrust the management of his financial assets to the Bank by having previously defined the degree of risk that he is ready to take. This management is delegated to a team of specialists, the Portfolio Managers, placed under the responsibility of a local Chief Investment Officer, in coordination with the Group's research teams.

On November 14th, Societe Generale Monaco inaugurates its new Business Center, 18 quai Jean-Charles Rey, port of Fontvieille, in the presence of Jean Castellini, Government Counselor - Minister for Finance and the Economy. The bank is evolving its commercial system with a double relational promise: more proximity and expertise.

2019 11 13 castelini

At an institutional seminar on the financial markets around a hundred professionals from all over the world, Minister of Finance and Economy Jean Castellini today gave a presentation on the Principality and the unique features which make it an economically appealing country with an attractive financial sector. “The Monegasque economy is based on an exemplary model, where the security and stability of the environment are synonymous with confidence for residents and international investors who contribute to the growth and sustainability of the economic model and, ultimately, to balanced public finances.”

Crédit photo : Manuel Vitali


2019 10 su meet

In partnership with UNIDO (The United Nations Industrial Development Organization), FEMOZA (World Free & Special Economic Zones Federation) will be organizing the SU-MEET: World Free & Special Economic Zones Summit in Monaco, on 13th-15th November 2019.

2019 10 comite mixte

Minister of Finance and Economy Jean Castellini mid-october chaired a meeting of the Joint Committee on the Monetary Agreement between the European Union and Monaco, which was held in the Principality.

The European Union delegation comprised representatives from the French banking and financial sector authorities, the European Commission and the European Central Bank.

Discussions at the meeting focused on the 2020 programme for minting Monegasque coins, updates to European legislation on banking and financial regulation, the prevention of money laundering, fraud and counterfeiting of the means of payment listed in the annexes to the Monetary Agreement, and recent developments in draft European banking regulations. There was also an update on the provisions in place in the Principality to combat money laundering and terrorist financing, and on progress in concluding an association agreement with the European Union.

The meeting took place in the same atmosphere of constructive dialogue that has prevailed since the Monetary Agreement was signed in 2001.

2019 10 michel hunault siccfin

Michel Hunault, Director of the Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN), Monaco’s financial investigation unit, and Lia Umans, an external consultant, took part in the Financial Action Task Force (FATF) session at the OECD due to the Principality’s participation in MONEYVAL.

The session provides an opportunity for discussions with global institutions (IMF, World Bank, etc.), the Egmont Group and other financial investigation units.

The plenary sessions and mutual evaluations conducted between states allow for the sharing of best practices in applying the FATF recommendations on combatting money laundering and terrorist financing.

They also give the Principality a chance to confirm, through its participation, the country’s determination to apply the leading international standards on preventing such activities with a view to forthcoming international evaluations.