Articles
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- Category: Products and Services
TNP, a leading performance consulting firm, continues its international growth and sets up in Monaco. At its head, Christian MAGALHAES, director, expert in financial services and Benoît RANINI, president & co-founder of TNP. We met them.
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- Category: Products and Services
H.S.H. the Sovereign Prince's commitment to sustainable development underpins the actions of His Government. Sustainable Finance was already a reality in the Principality in the 2000s. Mr. Jean Castellini, Government Counsellor - Minister of Finance and Economy, wishes to position the Monegasque financial place as an international model of green finance.
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- Category: Interviews
In November 2020, Nicolas Feit was appointed Chief Executive Officer of Société Générale Private Banking Monaco. Drawing on his experience in private banking since 2004 and his knowledge of the Monegasque financial centre, his mission is to pursue the growth strategy of private banking in Monaco and the development of synergies with retail banking as well as with private banking operations in Switzerland and Luxembourg.
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- Category: Training
Alexandre Rousseau, the Chief Executive of Société Générale Private Banking in Monaco during the first wave of the covid pandemic, is also Vice-President of the AMAF and chairs the Commission for Social Affairs.
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The Compagnie Monégasque de Banque, recently renamed CMB Monaco, is poised for a new transformation, while innovation has always been a flagship of the institution, generating new products and services for its customers every year since its creation in 1976. Francesco Grosoli, CEO of CMB Monaco, details the bank's strategy for the coming years and the repositioning of the brand around the concept of "banking ahead".
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- Category: Products and Services
Since its creation in 2014, the Monaco branch of Union Bancaire Privée (UBP) has steadily strengthened and is now a major player in the Principality’s financial centre. Responsibility is one of UBP’s core values and the Bank puts sustainability and future generations at the heart of its development model. We met with Sérène El Masri, UBP Monaco’s Site Manager.
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- Category: Legal Environment
Mme Agnès LEPAULMIER is Secretary General of the CCIN (Commission de Contrôle des Informations Nominatives - the Monaco authority responsible for protecting personal data). We met with her because the CCIN has many work meetings with the AMAF, covering a wide range of issues.
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- Category: Legal Environment
The Commission for the Control of Financial Activities (CCAF) is responsible for overseeing the financial activities of the Monaco financial industry. Composed of at least seven members, chosen for their expertise and appointed by sovereign ordinance for five years, it also includes the Chairman of the Monaco Association for Financial Activities (AMAF) and the Chairman of the Monaco Order of Accountants (OECM). We met with the Secretary General of the Commission, Ms Magali VERCESI.
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- Category: Living in Monaco
Jean Castellini, Minister of Finance and Economy speaks about the management of the COVID-19 crisis in Monaco, which can be seen as a successful stress-test. Based on solid foundations, the Principality continues to build its future.
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Mr Michel Hunault, Honorary French Member of Parliament and Member of the Council of Europe has been a rapporteur for anti-money laundering and corruption legislation in France, transposing European Conventions and Directives. A lecturer at the Institut d'Études Politiques de Paris he coordinated the collective publication “Fighting corruption, money laundering, and tax fraud - ethical requirements in financial movements”. Since August 2019, he has been Director of the SICCFIN (Service d’Information et de Contrôle sur les Circuits Financiers - Financial Network Information Service) in Monaco. He has been a constant champion of the SICCFIN since the French parliamentary investigation commission of which he was Vice-President.
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Barclays Private Bank has conducted a study on the transfer of Fortune in Family Offices. Could you tell us more about the terms of this study (how many people were interviewed, profile of the people, etc...) and above all why did you carry out this type of study?
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- Category: Legal Environment
Last November, at the initiative of Mr. Michel HUNAULT, Director of SICCFIN (Service d'Information et de Contrôle sur les Circuits Financiers), a progress report on the National Risk Assessment (ENR) was organised, bringing together more than a hundred people. This extremely rare attendance during a pandemic* underlines the constructive links between SICCFIN and the representatives of the various professions, associations and foundations in Monaco and the strategic importance of this ENR.
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- Category: Living in Monaco
The coronavirus crisis is an unprecedented disaster for humanity, an external shock to the global economy the likes of which we have never seen before. If somebody had told us, around the turn of the year, that the global economy would be shut down in order to contain the spread of a virus that had originated in an animal market in central China and that it would cause the most severe recession since the 1940s, we would most likely have shaken our heads in disbelief. Generally, we think that the coronavirus crisis is accelerating existing structural trends rather than creating new ones. We have taken a more detailed look at economics, politics, globalisation, society, inequality, healthcare, digitalisation and investing, to examine how the COVID-19 pandemic will affect these areas.
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- Category: Legal Environment
Alain UCARI manages the Pictet Group’s banking arm, which was recently established in Monaco. He is also Secretary of the Monaco Association of Financial Activities (AMAF) and Chairman of the AMAF’s Anti-Money Laundering and Professional Certification Committees. We asked him some questions about his work.
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Antony Stent-Torriani, Deputy Administrator for Monaco Asset Management, is Vice-President of the AMAF and in charge of the Association’s Commission des Activités de Gestion (Asset Management Activities Commission).
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- Category: Products and Services
Hervé Ordioni, Chief Executive of the Banque Edmond de Rothschild in Monaco, is President of the “Promoting the Monaco Financial Sector” Commission within the AMAF (Association Monégasque des Activités Financières - Monegasque Association of Financial Activities).
