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Article first published in Forbes Monaco March/April 2021 issue. A private banking culture aligned with the expectations of elites led by Francesco Grosoli. Every crisis is a sharp reminder that we must never be victims of the present,” insists Francesco Grosoli. The CEO of CMB Monaco since May 2019 draws a parallel between being a successful bank and buying shares in a company. “If…

CAE deputy chairman Philippe Martin.

Study Suggests Covid Crisis Has Generated An Increase In Wealth Inequality In France


According to a study published yesterday by the Economic Analysis Council (CAE), two-thirds of savings accumulated by the French since confinement are held by the wealthiest 20%. Researching the dynamics of both aggregate transactions and financial wealth and savings behavior during the Covid pandemic, the report concludes that while the wealthiest 20% of French households have “hoarded”…

Crisis, What Crisis?

Crisis, What Crisis?


For the CEO of Barclays Monaco it is business as usual — even during a health pandemic. Within a year of his appointment as CEO of Barclays Monaco, Jean-Christophe Gerard was faced with more than just managing assets. When Monaco announced the closure of all non-essential businesses on March 15, as part of its coronavirus lockdown strategy, Banking and Financial services had…

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Mathieu Ferragut and Jean-Christophe Maillot

Annual Report

A year ago Mathieu Ferragut stepped in as CEO at the only Monaco-based bank with local shareholders. Founded in 1922, CFM Indosuez has become the only Monaco-based bank with local shareholders. While Credit Agricoleowns 70% through its…


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Rainforest

Watchdog Report Links French Banks To Deforestation

A Global Witness report has shined light on some of France’s biggest lenders bankrolling businesses linked to deforestation in the Brazilian Amazon, as well as in the Congo Basin and Papua New Guinea. This despite France’s landmark…


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euros

Monaco Takes Money Laundering To Task

Set up in Monaco in 2009, the Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN) is a central national authority specialized in combating money laundering, terrorist financing and corruption. Director Michel…


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UBS

Food For Thought From UBS

Report On A Global Food Revolution Being Driven By The People And Its Opportunities For Impact Investing. BY 2050, TWO BILLION extra people are expected (1.05 billion in Africa alone) and with a 60% increase in global food demand. What…


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Jean-Christophe Gerard Confirmed As CEO Of Barclays Monaco 

Jean-Christophe Gerard Confirmed As CEO Of Barclays Monaco 

“We are one of the top private banks in the region and the leading investment solutions provider for (U)HNW clients in Monaco,” says Jean-Christophe Gerard, who after stepping in as interim Head of Barclays Private Bank EMEA in…


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Agnes Falco UBS Monaco

Local CEO Banks On Family And Health

Agnés Falco may have a career in banking and finance spanning 20 years but for this CEO at UBS Monaco, the bottom line comes down to quality of life, for her team and her clients. “When people come…


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What to expect from 2019

What to expect from 2019

Markets have stabilized and opportunities exist but could volatility become a recurring theme? Investors had a rough ride in the fourth quarter of 2018, with a 17% peakto- trough decline in global equities followed by a 7% rebound into theNew…


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Opera Gallery Monaco