Spectator dies during opening stage of Monte-Carlo Rally

Warning: This video contains graphic content.

During the opening stage Thursday of the Monte-Carlo Rally, #4 Hyundai i20 Coupe WRC driver Hayden Paddon flipped his vehicle, which resulted in the death of a spectator.

30-year-old Paddon and navigator John Kennard were heading into a left-hand bend when they slid off the icy road and hit a bank, flipping the car on its side.

It’s uncertain whether the car directly struck the victim, a Spanish photographer in his early fifties, who was unconscious when emergency services arrived on the scene, or whether the impact caused the man to fall from the embankment.

He was airlifted to Pasteur Hospital in Nice but died soon after.

Paddon and Kennard were not injured.

In a statement, the Automobile Club de Monaco confirmed, “The spectator was transported by helicopter from the stage to a hospital in Nice. Despite the best efforts of the medical staff, the spectator has sadly died.”

Stating that an investigation has been launched into the incident, ACM added, “Everyone associated with the event extends their deepest sympathies and condolences to the families, friends and individuals affected.”

Hyundai Motorsport, in an official statement, also extended its condolences and said, “The team and crew have pledged their full support to the event organisers and authorities to understand the full details.”

On Friday, Mr Paddon, who has withdrawn from the rally, posted a statement:

“Firstly, our thoughts are with the family and friends of the spectator involved,” said Paddon.

“No matter the circumstances, this is never something we want to see.

“Secondly, John and I are humbled by all the messages of support at this time. Obviously, my thoughts are with the family and that is my only concern at the moment. Not being able to return home to New Zealand does make it a little tougher but it is important we stay strong.

“I do want to take this chance to ask people not to speculate. Irrespective of how and why the accident happened, finger pointing will not change anything. The most important is that we learn from this and I am committed to work with the FIA and rally organisers relentlessly to ensure this does not happen again.”

Article first published January 20, 2017.

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Monaco takes international security threat seriously

suretepublicThe annual summary of crime statistics in Monaco, provided by the Public Security service at the traditional New Year wishes ceremony on Thursday, January 19, shows an overall decline in crime, a fact that prompted HSH Prince Albert to express his pleasure at the trend.

However, extraordinary demands placed on the Monaco police service, given the international security threat and the need for greater vigilance, have caused stresses and strains during 2016, particularly in terms of manpower. The government has responded by increasing the resources available to maintain a high level of alertness and a very visible police presence in public places, particularly at entrance points to the Principality.

While general delinquency fell, by more than 13 percent, there were some interesting details in the overall statistics. The theft of two-wheelers, which has caused some concern in the past, fell last year by 58 percent to just 10 cases. Sexual crimes also fell, with no rapes reported in 2016 compared to three cases in 2015.

Two categories of crime recorded an increase: Drug possession cases rose from 57 to 64, and drug reselling from two to six; Financial crime increased in terms of fraudulent use of bank cards, from 16 in 2015 to 25 cases in 2016, while money-laundering cases increased from 96 to 127. However, bad cheque cases fell from 29 to 22, and investigations by SICCFIN, the financial services watchdog, dropped from 232 to 220 cases in 2016.

The overall message for 2017 is that Monaco is actively responding to the threat of major acts of violence, partly by increasing its resources. Meanwhile, overall crime is falling.

A challenging year for Security
The Director of Public Security presented his traditional New Year wishes on Thursday in the presence of HSH the Sovereign Prince, HE Mr Serge Telle, Minister of State, Mr Patrice Cellario, Minister of the Interior, as well as other numerous ministers and personalities, which filled Salle Princess Charlotte to capacity.

Mr Richard Marangoni presented his stocktaking of the security policy for the year 2016, which resulted in severe pressures on the day-to-day tasks of public security personnel, given the particularly tense international context.

In terms of crime overall, 2016 was marked by a decline of 13.73 percent for general delinquency, 35.74 percent in the case of delinquency on the public highway, 22.22 percent for burglaries, and 50 percent for car thefts.

Mr Marangoni also addressed the shock theft of Graffe Diamonds at the Monte-Carlo Casino on December 22, stating that the suspect was apprehended by police within six minutes.

Finally, the Director of Public Safety referred to a new strategic project, “Apprehending the Challenges of Tomorrow”, entitled “Public Safety 2020”, which targets the development of a number of international and technical strategies.

To conclude the ceremony, Prince Albert said in his speech: “I take this opportunity to publicly testify to my satisfaction with the work accomplished. I would add that my government is listening to the service because it has decided to create additional posts to alleviate the constraints on the staff and to maintain, over the long term, a police presence at the various main points of the Principality.”

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CFM Indosuez Wealth Management sells fraction of Monaco business

Mr Werner Peyer has been Managing Director of the Compagnie Monégasque de Banque since 2010.
Mr Werner Peyer has been Managing Director of the Compagnie Monégasque de Banque since 2010.

UPDATED 4:30 pm: CFM Indosuez Wealth Management has sold a fraction of its business in the Principality of Monaco, namely clients resident in African countries, to Compagnie Monégasque de Banque (CMB).

This agreement is in line with both CFM Indosuez Wealth Management’s proactive approach to limit client relations to residents of countries participating in AEOI (Automatic Exchange of Information) and with Indosuez Wealth Management group’s strategy to refocus its positions with clients in its key markets.

AEOI entered into force in Monaco on January 1, 2017.

With this transaction, CMB, the Monegasque private bank founded in 1976, welcomes eight highly skilled employees that will support and complement the bank’s international wealth management desk.

“We are very lucky for this great addition to the team, it allows us to get new perspectives on market opportunities” states Werner Peyer, CEO of CMB.

CMB has made all the necessary arrangements to ensure the smooth integration of customers and their advisors into the new organisation.

“Clients will profit from an excellent quality of service and will benefit from the solidity and deep roots of the bank within the Principality,” adds Federico Limiti, Head of Private Banking at CMB.

Having received the awards of “Best Private Bank” and “Best Customer Service Bank” in Monaco 2016 by the financial magazines the Financial Times and Thomson Reuters groups, the bank has now been able to reach €11 billion of Assets Under Management.

Article first published January 20, 2017.

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Solar pilot hopes to convince Donald Trump

IMG_3357Bertrand Piccard, one of two Swiss pilots who made the first circumnavigation of the world in a solar-powered aircraft, Solar Impulse, has said he wants to meet Donald Trump after the inauguration to highlight the falling costs of renewables compared to fossil fuels.

Piccard, CEO of Solar Impulse SA, believes that investing in clean energy is key to creating jobs and growth, while Trump has criticised solar and wind energy as being too costly.

“If they want to make America great again they will need to use clean technologies and renewable energies,” Piccard said. “You will not have growth with old technologies,” he added.

“I’m also an entrepreneur like him,” Piccard said. “I flew around the world on solar power because it’s possible. I built a company, found the money and technology to do it, so I think if you speak a language of the entrepreneur, you can show him where the new business is.”

The solar-powered flight, which covered more than 40,000 km and finished July 26, 2016, had its technical control centre in Monaco.

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Off with a splash in Monaco

Photo: Facebook Top Marques Monaco
Photo: Facebook Top Marques Monaco

Top Marques, the luxury lifestyle show, will open with a splash, the organisers say. The christening of Silversea’s latest addition, Silver Muse, will take place in Monaco on the eve of the show.

The ship boasts the most sumptuous staterooms ever seen before on a cruse liner, at 1,572 square feet, some 200 square feet bigger than the average French apartment. Silver Muse will have eight restaurants on board.

She will be docked a short shuttle drive away from the Grimaldi Forum, the venue for Top Marques, before she starts her maiden voyage to the Amalfi Coast in Italy.

Top Marques managing director Manoy Bairstow said: “She is without any doubt the largest luxury product we have ever had amongst our exhibitors.”

Silversea is a family-run company based in Monaco that dominates the ultra-exclusive cruise market with a fleet of eight boutique vessels.

The 14th edition of Top Marques opens on April 20 and runs until April 23.

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