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Month: March 2017

Monaco chosen for software launch

by: Cassandra Tanti
23/03/2017

https://www.youtube.com/watch?v=9k1D_ue7lzU

Apollo Enterprise Solutions (AES), an Application Software Technology company, has announced the launch of a Pilot Programme for its Artificial Intelligence-powered TrueWealth Management software aimed at asset managers, family offices and banks.

During a series of events held last week in Geneva, Monaco and Zurich, financial executives were introduced to how the revolutionary TrueWealthManager™ “improves client acquisition and communication in this highly competitive sector”. Over 60 asset managers were able to explore the unique capabilities of the software powered by Oracle and designed for their needs.

Joseph Konowiecki, AES CEO, stated, “The Asset Management industry is undergoing a multi-generational shift. Big banks are competing with medium and small family offices and asset managers for clients who are increasingly dissatisfied with service and returns in a zero interest rate world.”

Combining the science of Artificial Intelligence with effective communication methods to constantly attract new potential clients, TrueWealthManager™ will “assist with the KYC Due Diligence process”, as well as “constantly communicate with the client in the manner that he or she wishes”.

Mr Konowiecki added, “We feel there is simply no other technology in the marketplace that can compete with us in terms of offering small to large asset managers the competitive edge in attracting and retaining clients.”

AES has chosen to launch the Pilot Programme, including up to 12 banks and asset managers, in Switzerland, Luxembourg, the UK, and Monaco. This will be followed by an Official Launch on May 1 in all EU financial centres., with US market launch scheduled for Q3.

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First High Tea in Monaco to mark Canada’s 150th

by: Cassandra Tanti
23/03/2017
Photo: finedining indian
Photo: finedining indian

The Canadian Confederation in Monaco will be marking its 150th anniversary with afternoon tea at the Salle Empire of the Hotel de Paris, on March 29 at 4 pm.

The third event of the Confederation celebrations will focus on a specific moment of the historic relation between Canada and the United Kingdom: the signature by Queen Victoria of the British North America Act on March 29, 1867, which facilitated the final approval of the Canadian Confederation on July 1 of the same year.

“We will offer you a classic English Afternoon Tea. The menu will include finger sandwiches, rich scones with clotted cream, and fine pastries all accompanied by a large choice of teas, and heightened by fine Champagne,” the organisers say.

This event is put on by the Canadian Consulate in Monaco, represented by Marc Devito, Honorary Consul of Canada in Monaco, the Consulate of the United Kingdom in Monaco, represented by Eric Blair, in collaboration with the Canadian Club of Monaco presided by France Rioux and BAM (British Association of Monaco), presided by Vanessa Ilsley.

As places are limited, participation will be reserved in the order reservations are received along with payment. Tickets are €90, and €55 for children under-12.

The Canadian theme will also be reflected in a wine event at the Meridien Beach Plaza, from March 25 through March 27. Henry de Bellegarde is inviting wine aficionados to taste its 2015 crus, billed as the best vintage for 20 years. The wines are the same as those served during the recent Canadian gastronomy. The free tastings will be held each day from 10:30 am until 7 pm.

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First graduation for CMB’s Women & Finance

by: Cassandra Tanti
22/03/2017
CEO Werner Peyer and Marie-Hélène Parisi congratulate the graduates
CEO Werner Peyer and Marie-Hélène Parisi congratulate the graduates

Compagnie Monégasque de Banque has celebrated the first graduation from its “Academy Women & Finance” where all twenty participants were awarded a diploma.

In 2016, Marie-Hélène Parisi founded the CMB Academy, an educational programme aimed at empowering female clients to assume responsibility for the management of family wealth.

The training programme makes CMB a pioneer in this field, the bank said. “It is the first Private Bank to offer such a structured academic programme to its clients,” Werner Peyer, CEO of the bank, said.

The nine modules completed by the participants in the one-year course have enabled them to take on a leading role in managing family wealth. The topics included financial markets, asset allocation, credits, and behavioural finance, which were covered in 27 hours of lessons.

“Our students are highly motivated,” said Ms Parisi. “Their desire to learn and their ability to understand complex mechanisms have made this first session a real success.”

The Quatuor Jaëlle, a female string quartet provided the musical background on the occasion, playing pieces of Mozart and Ravel. CMB supports the Quatuor Jaëlle and is also official partner of the Philharmonic Orchestra of Monte-Carlo.

CMB will continue to further investigate educational needs and will start its second session of the CMB Academy Women & Finance series next month.

 

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Monaco secures top place … again

by: Cassandra Tanti
22/03/2017

https://www.youtube.com/watch?v=ezO_uOv7LZs

The World Economic Forum has confirmed that Monaco is the most expensive city in the world for real estate prices.

One million dollars will buy 17 square metres in the Principality, far ahead in terms of cost of other Top 10 most expensive cities such as New York, London, Geneva and Hong Kong.

In Sydney, the “cheapest” city in the ranking, one million dollars buys an apartment of 59 square metres.

Several factors explain Monaco’s popularity, including its tax-friendly policies, the quality of life – counting not only fine restaurants and world-class entertainment, but also education and a high level of personal security, with one police officer for every 70 people.

 

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Inaugural Ocean Week starts next week in Monaco

by: Cassandra Tanti
22/03/2017

The Blue Economy will take centre stage during an international conference in Monaco, to run from March 30 until April 4.

The first “Monaco Ocean Week” will be an interdisciplinary event bringing together major international organisations with local partners, in order to contribute to the conservation of the marine world.

“It is the pledge of the Prince to defend the cause of the oceans with all the forces involved,” Vice-President and CEO of the Foundation Prince Albert II, Bernard Fautrier, said at the Yacht Club on Tuesday, March 21.

Monaco’s princes have always worked for the marine world, Mr Fautrier added. He cited Prince Albert I, a “visionary” who was the first of Monaco’s sovereigns to understand the importance of the sea and call for its protection.

Mr Fautrier said that concerted action to save our oceans is urgent and now is a key moment to take the initiative. Monaco will once again set the agenda by organising this seminal conference on one of the greatest issues of our time, protecting our oceans in order to protect our planet.

The Week will take place at several venues, including the Monaco Yacht Club, the Oceanographic Museum, the Residence of the Minister of State, and the headquarters of the International Hydrographic Organisation.

 

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Taking Monaco’s shine to the Golden State

by: Cassandra Tanti
22/03/2017
Guillaume Rose, Corinne Kiabski, Elisa Fershtadt and Cindy Hoddeson. ©DTC
Guillaume Rose, Corinne Kiabski, Elisa Fershtadt and Cindy Hoddeson. ©DTC

A delegation from the Tourism and Congress Department, accompanied by several partners from the Monegasque tourism industry, has completed a productive promotional tour of California.

The United States remained in fourth place in 2016 in terms of countries of origin of tourists staying in Monaco. Business tourism was particularly important with Monaco excelling at attracting conferences and conventions.

The Monegasque delegation was led by Guillaume Rose, Director of the DTC, with Anne Marie Pinsault of the Hotel Metropole Monte Carlo and Miek Engelberts of the boutique Destination Management Company InspireME, partners of the DTC.

Several events were organised around “Cinema”, a theme that has particularly resonance in the Golden State, and showcased movies filmed in Monaco.

The writer and historian Marc Braude was present at each of the events in San Francisco, Los Angeles and San Diego to present his book “Making Monte-Carlo”, dedicated its successful history.

The DTC also targeted the Los Angeles Times and the San Francisco Chronicle in order to arouse the curiosity of journalists for Destination Monaco.

Finally, in San Francisco, the world capital of social networks, a meeting was held with LinkedIn to discuss how best to produce editorial content appreciated by professionals worldwide.

 

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