Despite a highly favourable environment for family offices in Monaco, the complexity of their needs have also increased dramatically, and Private Banks can be partners of choice to help Single and Multi-Family offices tackle this increasingly complex framework. In this article, our CEO Werner Peyer delves into the topic and explains how Private Banks can support family offices in Monaco: http://www.cmb.mc/uploads/downloads/10-article-family-office-magazine-winter-edition.pdf
On Friday 4 January, CMB, represented by Mr Etienne Franzi, President of CMB, and Mr Werner Peyer, CEO, has expressed once again, pen in hand, its support for the actions and events of the Grimaldi Forum, for the year 2019, to the great satisfaction of its President Henri Fissore and of Sylvie Biancheri, Managing Director.
But beyond this commitment to the Principality's congress and cultural centre, Mr Franzi pointed out that "CMB's active sponsorship policy confirms its desire to contribute to Monaco's cultural influence. We are very committed to associating ourselves with partnerships which enhance the Principality and our bank," he said.
Amandine Maillot, winner of the 2016 "Next Generation" competition organised on the occasion of the 40th anniversary of CMB, is now being recognised for her work by her peers.
A former student of the Ecole Supérieure d'Arts Plastiques de Monaco, this young woman from Nice returns to her hometown to present a selection of works created during a research program that took her to China and Limoges.
"We are happy for Amandine" says Werner Peyer, CMB’s CEO, "and proud to have detected her talent two years ago".
The Compagnie Monégasque de Banque has wished to encourage and support the Monaco Impis, which have participated in the prestigious Seven Rugby Tournament in Dubai.
The Impis, which means warriors in the Zulu language, were born in 2017 upon an idea of Mr. Gareth Wittstock, brother of H.S.H. Princess Charlene.
The team participated for the second year in a row in the competition. A strong performance which stopped before the final, yet this experience has allowed the players to prepare for the European Championship next spring.
The CMB team excelled this year again at the No Finish Line 2018.
The 222 participants walked or ran 9245 kilometers, or 6724 laps, thereby renewing their commitment to this great cause.
The CMB has been an active participant in the NFL since 2010.
For more information: http://childrenandfuture.com/
On November 12th at the CREM’s offices, the CMB received representatives of Mediobanca and Russell Investments to discuss the launch of the Mediobanca Private Markets Fund I.
This new fund, distributed exclusively to Mediobanca group’s private clients, aims to offer a global and diversified exposure to so-called "private" markets: private equity, private debt, venture capital, real assets and infrastructure.
This asset class, traditionally reserved to institutional investors, has the advantage of being uncorrelated with the more traditional investments as the bond and equity markets.
With the launch of this fund, Mediobanca wants to offer its customers easy access to this investment opportunity, through a partnership with Russell Investments. This US-based management company, created in 1936 and with $300 billion in assets under management, is notably recognized and awarded for its multi-manager solutions.
For further information please contact your Private Banker.
Positive start to FY19 despite uncertainty and market volatility. During the three months under review the Mediobanca Group delivered further improvement in terms of its performance in revenues, which rose 6.6%, from €598.4m to €637.7m, with all items growing. Mediobanca continues on its growth roadmap, with a focus on high-margin, specialized growing, businesses.
Further information : https://www.mediobanca.com/en/media-relations/press-releases/bod-mediobanca-quarterly-financial-statements-for-three-months-ended-30-9-18-approved.html
Perhaps have you been intrigued by the "stroller", an imposing statue placed at the top of the steps in front of the Costa’s agency ?
The vernissage on October 18th marks the kickoff of the exhibition Daphné Du Barry. A selection of works by the famous sculptor, who is looked upon as one of the best representatives of classical figurative art in Europe, will be exhibited until spring 2019.
On Tuesday, October 9th, the CMB launched the Academy First Investment in partnership with the International School of Monaco.
Entirely taught in English, the ten sessions will enable a group of high school students to understand the functioning of financial markets. In practice, they will manage throughout the program a virtual portfolio taking into account their risk profile and their objectives.
The training courses are led by CMB experts and were developed in the wake of the Women and Finance Academy and of the Philanthropy Academy.
Building on the success of previous editions, CMB launches the 3rd Women and Finance Academy for an English-speaking female audience.
On Tuesday October 2nd, Werner Peyer, CMB’s CEO, and Marie-Hélène Parisi, Director of the Academy, welcomed the students for their first course at Le Méridien in Monaco.
An additional module, "Banking and Technology: the new fashion" adds to the nine already taught since the launch of the Academy.
The training cycles are led by CMB’s experts, and the team has been strengthened this year by the addition of new talents.
Interviewed by the magazine "The European", Werner Peyer, CMB’s CEO reaffirmed the Bank’s values and exposed its vision for the years to come.
"The European" rewarded the CMB with two awards in 2018: Monaco Banking Ambassador and Monaco's Best Customer Service.
To watch the full interview please click the link below:
CMB is the first bank in Monaco to have its own hive in the Odéon Tower’s gardens.
Thanks to "Terre de Monaco" know-how, the bank invests in the bees’ yellow gold and will harvest its own honey next year.
After having converted the head office’s terraces into a small organic vegetable garden, CMB continues its ongoing commitment to preserve the environment for future generations.
Additional information: https://www.terredemonaco.com
CMB, in partnership with Riviera Radio, launches “CMB Friday News”
This new program is to be broadcasted every second Friday at 7:37 am, 12:37 and 6:37 pm and will announce CMB’s latest news.
Listen to the podcasts on http://rivieraradio.mc/content/cmb-friday-news
Compagnie Monégasque de Banque CEO Werner Peyer was interviewed by Monaco Info after the installation of an organic vegetal garden on the terraces of the bank’s headquarters located at Avenue de la Costa.
To watch the interview please click the link below:
Since the 14th August, the terraces of the Bank's headquarters located at Avenue de la Costa, have been converted into a magical organic vegetable garden.
With squash, cabbage, broccoli being just some of the vegetables growing alongside herbs such as basil, sage, thyme, oregano to name a few. CMB has sown and planted with care, confident that the first harvest will give unique flavours to many dishes.
CMB has joined forces with the "Terre de Monaco" to organize a "green" space and thus participate in the Principality's commitment to preserving the environment for future generations. For further information: https://www.terredemonaco.com/
Mediobanca: healthy growth and sustainability at the heart of the MB business model. Twelve months results deliver best ever results by revenues and profit. Revenues up 10% to €2.4bn and net profit up 15% to €864m. Capital generation capability and asset quality remains high CET1 up 36 bps.
For further information : https://www.mediobanca.com/en/media-relations/press-releases/financial-statements-for-twelve-months-ended-30-june-2018-approved.html
Compagnie Monégasque de Banque CEO Werner Peyer was interviewed during World Finance Award ceremony.
To watch the interview please click the link below:
Grimaldi Forum, the official partner of CMB has launched its major summer exhibition “the golden treasures of the Pharaohs”
This remarkable exhibition brings together more than 150 masterpieces from the Cairo Museum discovered in the royal and princely tombs of Pharaonic Egypt and will be on show until 9th September 2018.
More info: http://www.grimaldiforum.com/en/events-schedule-monaco/l-or-des-pharaons#.W0hQr9UzaUk
The 6th Global Family Office Investment Summit took place in Monaco, June 27 - 29, 2018 with the support of Giuseppe Ambrosio, President of the Monaco Single and Multi-Family Office International Association.Werner Peyer, CEO of CMB collected the prestigious award accompanied by G. Ambrosio, A. Ritossa, CEO of the Ritossa Family Office and Nathalie Mamann, Senior Private Banker of CMB.The Summit attracted 400+ high-ranking Billionaires, Sheikhs, Royal Families and Business Leaders representing $2 trillion.
Last week-end, during the “1ère Rencontre des Sites historiques Grimaldi de Monaco” organised by Monaco Inter Expo (MIE), Mr Franzi, President of the CMB, received a limited edition collector trophy from HSH Prince Albert II. The marquisate of Les Baux, the County of Carladès and the city of Menton were the guest of this year’s event: dances, folklore, shows punctuated these two days which ended with a “Sound & Light Show” projected on the facades of the Prince's Palace. http://monacointerexpo.com/home-page/#siteshistoriques2018
CMB has been awarded “Best Private Bank in Monaco” by the international magazine “World finance” in its 2018 awards.
CMB’s “boutique bank” approach and its very good knowledge of the local environment in private banking have been noted by the experts of “World Finance”. The Bank distinguished by its comprehension of the needs of its clientele by offering tailor-made services. http://www.globenewswire.com/news-release/2018/06/27/1530125/0/en/World-Finance-Banking-Awards-2018-reveals-industry-s-leading-players.html
14th – 17th June 2018, Susan Feaster, Chairman of the « Monaco Us Celebrity Golf Cup » organized the first edition of this tournament at the Mont Agel Golf Club.
American celebrities challenged European celebrities and all the benefits from this event will go to a non-profit organization “The Ryder Cup European Development Trust” aimed at developing youth golf.
CMB, through its CEO, Werner Peyer is proud to have been associated to this exceptional event.
« codesport » magazine published an article « parlons sport / let’s talk sports » in its June-July 2018 edition regarding the conference organized last April 19th by Rosemont Monaco, addressing the topic of how to plan ahead for retirement being a professional athlete.
Nathalie Mamann, private banker, Mireille Lefebvre, head of wealth planning joined by the “Compagnie monégasque de Gestion” team seized the opportunity to explain their approach on the preparation of the “what’s next ” for retiring sportspeople and CMB’s expertise within that specific field.
The annual report 2017 is now available in the "Publications" tab.
On Monday the 4th of June, Werner Peyer, CEO of CMB and Laurence Aubert, Deputy Director, welcomed artist Natalie Vassil, for a temporary exhibition of her artwork currently on show at CMB’s front desk.
For further information please visit www.natalievassil.com
Compagnie Monégasque de Banque has been named for the second consecutive year “Best Customer Service Private Bank” and “Banking Ambassador” in Monaco by the international magazine The European in its 2018 awards, in collaboration with the Thomson Reuters Group.
“Today we are once again being recognized for the exceptional quality of our Customer Service and as The Private Bank to uphold the values of the Principality” states Werner Peyer, CEO of CMB.
On 14th May 2018, CMB organised an evening event for Monaco’s Club Allemand International with special guest Franck Bethmann, journalist from the German TV channel ZDF TV.
By interviewing famous figures known for their expertise, F. Bethmann shares in his latest book, « Über Geld reden: Prominente im Gespräch », their vision on Finance and the values they attach to money.
Franck Bethmann comments live on the Frankfurt Stock Exchange on a daily basis and gives his analysis of the upwards and downwards trends of German listed companies.
Mediobanca: healthy growth and sustainability at the heart of the MB business model. Nine-months results deliver best ever results by revenues and profit. Revenues up 9% to €1.8bn and net profit up 11% to €682m. Capital generation capability and asset quality remains high CET1 up 100 bps. For further information: https://www.mediobanca.com/en/media-relations/press-releases/financial-statements-for-nine-months-ended-31-3-18-approved.html
On the occasion of the Annual General Meeting held on April 26, 2018, Messrs. Etienne Franzi and Werner Peyer were reappointed respectively as Chairman and CEO of CMB for a period of three years.
The Italian group Mediobanca S.p.A., 100% shareholder of CMB has played the continuity card by renewing its confidence in the duo that makes CMB the best private bank in Monaco. Since the recognition of the prestigious prize awarded in 2014 by "Euromoney", the Bank has added to its list of other awards, "Best Private Bank", "Best Private Bank Customer Service" and " Banking Ambassador " of Monaco.
The cash desk service of the Costa Agency will remain open at lunch time as from April 16th, 2018.
The following cash transactions will be available between 12.30pm to 2pm: bank vault access, cash withdrawals, currency exchanges, cheque deposits, credit cards and cheque books withdrawals.
On April 5th, 2018 Patrice Cellario, Government Advisor - Minister of the Interior, Mr Etienne Franzi, Chairman of the CMB, and, for OPMC, Jean-Charles Curau, Director of Cultural Affairs of Monaco signed the renewal of the partnership of CMB with the Monte-Carlo Philharmonic Orchestra for the 6th consecutive year. The contract was signed in the Auditorium Rainier III in presence of both CEOs, Werner Peyer for CMB and Sylvain Charnay for OPMC.
"The active policy of patronage of CMB confirms its will to contribute to the image of Monaco" says the Chairman of the bank, Etienne Franzi. "We are very keen to associate ourselves with partners who value the image of CMB and the Principality" he adds.
On March 27, 2018, Marie-Hélène Parisi, Head of the “Academy Women & Finance” celebrated the second graduation where all participants were awarded a diploma.
The training program makes CMB a pioneer in this field. "It is the first Private Bank to offer such a structured academic program to its clients," explains Werner Peyer, CEO of the bank.
The nine modules completed by the participants in the course of one year enabled them to take on a leading role in managing the family wealth.
CMB will continue to further investigate educational needs and launched its new Academy Philanthropy at the end of 2017.
Ratings agency Moody’s has assigned Mediobanca S.p.A. a Baa1, rating one notch higher than the Italian Sovereign debt ratings.
The ratings reflect the Bank’s high capital levels, comfortably above the regulatory limits, the effective business model as well as the asset and liability structure, scrupulous risk management and undisputed asset quality. For further information: www.mediobanca.com
The Academy of Philanthropy’s fifth session took place on Tuesday March 13th at the Méridien Hotel of Monaco. On this occasion, participants discovered the topic “Partners: Family / Governance and Networks”.
Mr. Frédéric Cottalorda from Auriga’s consultancy office based in Monaco, shared his legal and fiscal expertise concerning philanthropic vehicles. The family of the Dr. Michel-Yves Mourou, representing the ILLIS association shared their testimonies based on the Philanthropic mindset developed within their family.
For further information please visit: https://www.illis-monaco.org/
The S2i platform chosen by CMB, joins forces with Capgemini, a leader in technology, to support the development of a core banking operations platform for private banks worldwide.
Since June 2017, CMB has implemented S2i in order to improve operational efficiency and client services in portfolio management, trading order entry functions and credits, amongst others.
“CMB has chosen the S2i platform to improve security and the quality of service for our clients. It also supports risk management, compliance, and ensures that the bank remains on the cutting edge of technology for the development of its e-banking services” said Stephan Sieder, COO of CMB.
In honor of International Women’s Day, all women entering to a CMB agency on March 8th will be offered a rose.
CMB is already engaged with a women audience thanks to the Academy for Women and Finance, that aims to share with our participants the skills and knowledge required for a successful Wealth Management.
“Exclusively dedicated to women, the Academy Women and Finance knows a great success since its creation in 2016; underlining CMB’s commitment and dedication towards its feminine clientele.” said Werner Peyer, CEO.
Marie-Hélène Parisi welcomed the participants of the eighth session of the Academy for Women and Finance, on Tuesday February 8th, at the Meridien Hotel in Monaco.
The topic of this session, “Act today for your family’s future” was introduced by Mireille Lefebvre, manager of the Wealth Planning service at CMB, and Frédéric Cottalorda ,of the legal consultancy office, “Auriga” in Monaco. Their focus: how to transfer a family’s legacy.
“One often confuses the estimate versus the real value of a heritage” explains Werner Peyer, CEO of the CMB, “there is however, an actual difference between these two notions. It is at this juncture that the assistance of an expert in Wealth Planning is duly justified”.
Compagnie Monégasque de Banque (CMB) and Monaco Inter Expo (MIE) have signed a five-year partnership in order to promote the radiance of the Principality of Monaco on a local and international scale. Monaco Inter Expo presents the Principality of Monaco during large-scale promotional events, exhibitions, fairs and conferences.
Sirs Etienne Franzi, President of CMB and Albert Croesi, CEO of Monaco Inter Expo have sealed their agreement on February 15th 2018, in attendance of Gilles Tonelli, Minister of Foreign Affairs and Cooperation, Richard Milanesio, Adviser at the Sovereign Prince’s Cabinet, Mireille Pettiti, President of Monaco Inter Expo and Werner Peyer, CEO of CMB.
For further information please visit MIE Website: http://monacointerexpo.com/en/
Thanks to the CMB, the LTHM has been equipped with 16 iPad Air for its restaurant application.
The app allows the students to take orders in an innovative and more efficient way, ensuring an optimal service to the daily customers of the “Cordon d’Or” restaurant on site.
Patrice Cellario, Minister of the Interior accompanied with Isabelle Bonnal, National Education Director, Youth and Sports, and for CMB Etienne Franzi, Chairman and Werner Peyer, CEO, experienced this new way of taking client’s orders during lunch organized in this restaurant Wednesday 14th February.
Eighteen months from the launch of the Strategic Plan the Mediobanca Group confirms the validity of the direction undertaken with a net profit up 14% and a net interest income up 6% demonstrating its high capability in terms of growth, quality and sustainability of results.
For further information visit: https://www.mediobanca.com/en/media-relations/press-releases/financial-statements-for-six-months-ended-31-12-17-approved.html
The 4th session of the Academy of Philanthropy took place on Tuesday February 6th at the Meridien. The participants discovered a new topic “Asset Management”.
Florence Tournier, of the Sohn foundation and special guest of this edition, explained the support they are providing to research, technologies and programs fighting against pediatric cancer.
For further information visit www.sohnconference.org/monaco
CMB launches its brand new advertising campaign in front of the Hotel Hermitage of Monaco on an 80m² billboard. In the heart of the golden square, next to the bank’s headquarters, the artwork highlights CMB’s tailor made services, and proudly lays claim to our Monegasque identity.
With a gross performance of 6.4% in 2017, Monaco Corporate Bond achieved the best performance out of 55 funds from it’s category of Morningstar’s 4- and 5- star funds. Monaction High Dividend Yield had a similar success with a gross performance of 10.3% in 2017, putting it in 4th place out of a total of 35 funds.
Morningstar is an independent society which publishes data, results and analysis on a large range of investment products http://www.morningstar.com/company/
The second class of the Academy for Women & Finance attended to the seventh module of their formation at the Méridien, on Tuesday, January 23rd 2018.
Marie-Hélène Parisi, Director of the Academy, welcomed the 25 Academicians that were able to realize the importance of credits as part of a well structured asset strategy. Assisted by Laurent Roby, a subject matter expert at the CMB, the module “Credits, a useful instrument” is on the continuation of the previous topics such as the economy, financial markets, wealth management, and financial instruments, covered during the previous sessions.
“In view of the evident success of the Academy for Women and Finance and the Academy of Philanthropy, we are proud to have promoted the synergy between our academician’s desire to learn and our expert’s desire to share their knowledge” said Werner Peyer, CEO of the CMB.
January 17th CMB and the Grimaldi Forum renewed their partnership in presence of, for CMB Etienne Franzi, Chairman, and Werner Peyer CEO and for the Grimaldi Forum, Henri Fissore, Chairman and Sylvie Biancheri, Managing Director.
The signature took place during the press conference presenting the 2018 season. The Grimaldi Forum is playing in the big leagues of international events with high standing shows. http://www.grimaldiforum.com/fr
CMB is very proud to stand side by side with one of the most prestigious institutions to promote the image of the Principality.
The third session of the Philanthropy Academy took place on January 9th at the hotel Meridien in Monaco. “Academicians” had the opportunity to discover the necessary steps to drive a philanthropic project and choose between the different vehicles from the simple gift to the creation of its own Foundation.
Mister Francisco Diaz, Head of the Cuomo Foundation, shared experiences in their quest to provide education to the disadvantaged young. www.fondationcuomomonaco.org
The sentence of the day is inspired from an African proverb: “Alone you may go faster, together you go further”.
CMB launches the mandate ESG (Environmental, Social and Governance). The mandate invests in companies and countries that contribute to the development and the future of our Society and are committed to build a better word.
The ESG mandate relies on a selection of investment vehicles corresponding to ESG values, with a “Best in Class” approach.
For more information, visit: http://www.cmb.mc/uploads/downloads/2-11-mandat-esg-gb.pdf