Mr Didier LINOTTE, President of the Supreme Court of Monaco and his Vice-President Mr Didier RIBES, Mr Robert GELLI, Secretary of State for Justice-Director of Judicial Services, and Mr Michel HUNAULT, Director of the Service d'Information et de Contrôle sur les Circuits Financiers met on 29th June for a first informal and symbolic meeting, in the particular context of the Principality's National Risk Assessment (NRA) aimed at MONEYVAL. Their common objective: to combat money laundering while ensuring that the fundamental rights of those subject to the law are respected.


On Monday 17th May, the Monegasque Government extended its public concession agreement in force since 2011 in the cable television and telecommunications sectors to the national operator Monaco Telecom. This extension is for a period of 20 years, thus underlining the climate of trust established between the two partners with a view to offering the Principality a high level of equipment and services for the general public and businesses, and guaranteeing a high added value in terms of attractiveness.

From left to right - Frédéric Genta - Etienne Franzi - Martin Péronnet - Christophe Pierre ©Direction de la Communication-Michael Alesi

CMB Monaco opts for the dematerialization of pay slips and chooses, with Actis, a 100% Monegasque solution for this essential HR process.

Pictet Asset Services, the asset servicing business line of the Pictet Group, is opening a booking centre for external asset managers in Monaco in April 2021, with a local presence of dedicated client relationship managers. The team will join Pictet’s banking branch in Monaco, which opened in February 2020.

Alain Ucari, Head of Pictet Wealth Management in Monaco, comments: “With a domestic market estimated at EUR 110 billion in bankable assets, Monaco has become a popular international financial centre for wealth management over the years. We are delighted to welcome Pictet Asset Services and join forces with them to further develop Pictet’s presence in the Principality.


Mr Jean Castellini, Government Counsellor-Minister of Finance and Economy, participated in a high-level meeting organised by the Coalition of Finance Ministers for Climate Action on Tuesday 6 April 2021, on the sidelines of the spring meetings of the World Bank and the International Monetary Fund.


2019 11 22 rotschild

Gérald Mathieu will relocate to Monaco as CEO, Barclays Monaco and continue to lead Barclays Private Bank, Europe & Middle East

Gérald Mathieu has been appointed CEO, Barclays Monaco. He will relocate to the Barclays' Monaco office and will continue to lead Barclays Private Bank, Europe & Middle East.

As CEO, Barclays Monaco, Gérald will work closely with Olivier Franceschelli, Head of Private Banking, Monaco, in positioning the business for growth in the Principality. Barclays Private Bank, which has been present in Monaco for nearly a century, is the longest-serving foreign bank in the Principality and brings a full range of advisory and discretionary products and services to Family Offices and Ultra High Net Worth Clients in the region.

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.