For the first time, the AMAF (Association Monégasque des Activités Financières) took part in IPEM (Cannes 28-30 January), one of the largest international events dedicated to Private Equity. The initiative was spearheaded by Nicolas FEIT, Chairman of the Commission for the Promotion of the Monegasque financial centre and Managing Director of Société Générale Private Banking Monaco.
This first participation underlined the growth of the Monaco financial centre as well as its increasing attractiveness for investors and General Partners (GPs) looking for a stable fiscal, legal and economic environment.
With €168 billion in assets under management, growth of 15% in three years, and the arrival of more than 20 new financial players since 2020, Monaco is establishing itself as a fast-growing financial centre.
‘ Our objective was to present Monaco to IPEM not only as a financial centre of excellence, but also as a strategic destination for private equity investors. The Principality attracts an ultra-sophisticated clientele, with a growing number of family offices choosing to set up some or all of their operations here, ’ explains Nicolas FEIT.
The AMAF’s presentation at IPEM took the form of a round table, bringing together several experts from Monaco’s financial sector, around Nicolas FEIT, including:
Topics covered included:
“We put forward the idea that Monaco is a strategic destination for GPs wishing to set up in a stable environment, benefiting from a sophisticated client base and favourable regulation,” emphasised Nicolas FEIT.
The speech attracted an audience of family offices and institutional investors. Promising exchanges took place, notably with players in the Middle East, Belgium and London, but follow-up and consolidation work remains to be done.
“This was a first step, laying the foundations. To really capitalise on this presence, we need to structure our communications, organise targeted meetings and raise our profile at the event ’, adds Nicolas FEIT.
One of the great successes of this year’s event was the diversity of the contacts made:
The objective for the coming years is to :
By gradually establishing itself as a key destination for private equity, Monaco will play an increasingly central role in international asset management.