CMB was founded in 1976 by a consortium of major banks and leading Monegasque investors. Its initial shareholders included banks such as Banca Commerciale Italiana, Commerzbank and Compagnie Financière Paribas. The Bank’s history, the location of its decision centre in Monaco and its strong involvement in the local economy have combined to position CMB as Monaco’s leading private bank, with its registered offices in Monte-Carlo.
Its capital is now 100% owned by Mediobanca SpA. As the Mediobanca group’s main international private banking arm, CMB operates with a strong level of autonomy, enabling it to keep its decision making close to its clients and thereby ensuring an exceptional level of responsiveness.
CMB’s primary mission is the provision of top-quality private banking services underpinned by the Group’s values of focusing on client needs, developing skills and innovation, respecting diversity and acting at all times with absolute integrity.
As of 31 December 2015, CMB employed 209 people.
Thanks to a highly qualified and experienced staff, CMB has been, since its creation, an innovator in Monaco’s financial centre.
CMB’s distinguishes itself by innovating and by providing the highest standard of services. Among these services we can note;
CMB’s responsiveness in real estate financing (where it is the leader in Monaco),
Its structuring of a real estate fund (under Jersey law) that invests exclusively in property within the Principality and
The first ever fund of hedge funds (under Monegasque law) to be launched in Monaco, built on a universe of managed accounts and with weekly liquidity, in line with acknowledged best practice for funds of hedge funds.
Investment services cover a wide range, from ranging from order execution on international markets to sophisticated asset management including discretionary management to customised portfolio management services based on criteria chosen by the client.
It also offers a comprehensive range of Monegasque investment funds, and 4 Luxembourg listed UCITS funds.
In 2016 CMB celebrates its 40th anniversary. After four decades that have enabled the bank to confirm its solidity and reliability, CMB is now, more than ever, a key-player in the banking sector in Monaco. Fully dedicated to its customers, its main goal is to generate value for generations.
Download CMB Brochure (last updated in June 2015)