On Saturday, November 5, HSH Prince Albert II attended the presentation of the new electric-bike station installed at the Palace Square.
Monaco’s environmentally friendly bike scheme, a joint initiative developed by the Government of Monaco and the Monaco Bus Company (CAM) launched in 2010, now has 82 bikes and 13 charging stations across the Principality, with three more stations to be opened by the end of the year.
Ms Marie-Pierre Gramaglia, Minister of Public Works, the Environment and Urban Development, Colonel Luc Fringant, Senior Commander of the Police Force, and Mr Roland De Rechniewski, CAM’s COO, also braved the rainy weather Saturday morning to be on hand for the launch.
Mr Werner Peyer has been Managing Director of the Compagnie Monégasque de Banque since 2010.
For eight years the magazines Private “Wealth Management” and “The Banker” in collaboration with Financial Times organise “The global Private Banking Awards”. The awards recognise the Best Private bank for each category and receive over 170 submissions from over 63 countries.
The financial institutions were judged by a prestigious, international and independent jury that consisted of 14 various well known consulting firms and experts in the financial sector, including Seb Dovey, Partner, Scorpio Partnership, based in London, UK, Julia Leong, Partner, PricewaterhouseCoopers, based in Singapore, and, based in Geneva, Switzerland, Shelby du Pasquier, Partner, Head of Banking and Finance Group, Lenz & Staehelin.
Private Banks were evaluated on the progress they made in their growth strategy and how they were able to boost inflows and profits, as well on client relationship management and adaptation of service offerings to meet ever changing needs of investors.
The award was officially announced on Wednesday October 26, 2016, in the festive setting of the awards gala dinner held in London at the Four Seasons Hotel: CMB stands out and brings home the award for Best Private Bank in Monaco.
“We are particularly proud and delighted to have been granted this award,” stated Werner Peyer, CEO of Compagnie Monégasque de Banque. “It is the fruit of our labour and our commitment to always put the value of our clients first.”
CMB, the Monegasque private bank is deeply rooted in the Principality since 1976 and specialises in investment advice. The bank, which saw its net income last year rise 13% over 2014 to reach €49.3 million, offers a diversified range of tailor-made products and services: Asset & Wealth management and Financing adapted to the specific needs of each investor.
Because of the long-term relationships with its clients, a highly skilled workforce, but foremost thanks to the trust their clients place in CMB, the bank has been able to reach €10 billion of Assets Under Management to date.
Article first published October 27, 2016.
Intent to pay or not to pay? That is the court’s question
A citizen of the Netherlands with a fondness for the highlife in Monaco has appeared at the Monaco Criminal Court accused of not paying his restaurant bill.
On November 15, the 33-year-old visitor ran up a large bill at the Café de Paris for food and drink, including cold dishes, lobster, champagne and premium whisky. The bill was €665, which he could not pay. The defendant told the court that he wanted to go to the Consulate of the Netherlands to ask for money. He became agitated and was taken to Princess Grace Hospital.
The court heard that four days previously he had been unable to pay a bill of €1,280 at the Hermitage, which included Cristal Roederer for €800. He will be ordered back to court for a further hearing for the earlier offences.
Arguing that it was not clear if the defendant had been unable to pay or had refused to pay, his lawyer called for an acquittal. “He had only drunk too much,” the lawyer said.
The court sentenced the accused to 15 days in prison.
