Month: October 2018

From September 24 to 29, 2018, Gilles Tonelli, Government Counselor-Minister of External Relations and Cooperation, participated in the 73rd session of the UN General Assembly, held in New York.

On September 24, the Government Council attended the Nelson Mandela Peace Summit, which celebrated the centennial of his birth, in the presence of 70 Heads of State and Government and more than twenty Foreign Ministers. On this occasion, Gilles Tonelli delivered an intervention that he concluded with a quote from Nelson Mandela, on the power of sport to change the world, emphasizing that “this message of hope, LL.AA.SS. the Prince Albert II and Princess Charlene, both Olympians, continue to perpetrate it through their charitable actions.” This quote was made by Nelson Mandela during a visit to the Principality.

Mr. Tonelli took part in the high-level meeting on Financing the 2030 Agenda for Sustainable Development, which brought together many politicians and leaders in the economic field. He also attended the meeting of the Security Council held at the level of Heads of State and Government, at the initiative of the United States who chaired it, and participated in a side event on the fight against plastic pollution.

During this UN week, the Government Counselor held numerous bilateral meetings with the Foreign Ministers of Vanuatu, the United Arab Emirates, Azerbaijan, the Baltic States, the French President’s Special Envoy and Coordinator. of the Presidential Council for Africa, the Minister of Tourism, Official Languages, La Francophonie of Canada, the First Lady of Niger and the Secretary General of the Union for the Mediterranean, to which he recalled certain guidelines set by SAS on Prince Sovereign, particularly with regard to pollution control, marine protected areas, water management and support to the IPCC.

During the meeting with the Minister of Foreign Affairs and Trade Promotion of Malta, an agreement was signed between the Government of Monaco and the Maltese Government to avoid double taxation and to prevent tax evasion with respect to taxes on income.

Monaco-based finance technology company Privatam has established a Swiss subsidiary to sell structured products to independent asset managers and banks.

Privatam was founded in 2014 by investment bankers in Monaco, and specializes in the development and structuring of cross-asset-solutions. It currently employs 30 staff and sells its services to independent asset managers, banks and professional investors.

The boutique has opened an office in Zurich, to be led by former investment bankers Thibault Pons and André Schlegel. They worked, respectively, for Société General and UBS’ investment bank.

Privatam plans to offer its services across Switzerland and will expand it staffing in the country. With a volume of 175 billion francs ($176.3 billion) in the first half of 2018, Switzerland represents the biggest market in the world for structured products. The opening of a subsidiary in the city represents a logical step, Pons told finews.com.

“New technology will increasingly influence the future of investing. Therefore Privatam has developed its own in-house applications to simplify the investment processes for clients. We’re independent, and operate in partnership with our clients and can put our vast experience to use in meeting client needs,” Pons added.

Princess Alexandra of Hanover has been removed from the British line of succession according to Point de Vue-magazine.

The 19-year-old daughter of Prince Ernst August of Hanover and Princess Caroline of Monaco recently converted to Catholicism, which disqualifies her from being in the British Royal lineage.

Princess Alexandra is the 12th in line to the Monegasque throne.

She grew up as a Lutheran – in line with her father’s side of the family – but she recently converted to the religion of her mother, who has been Catholic all her life.

Because the British monarch is also the head of the Church of England, monarchic rules prohibit a monarch from a Catholic or other non-Protestant faith.

Muriel Bubbio of the Commission for the Integration of Graduates presented the Commission’s plans for developing links between students and businesses.

Ms Bubbio explained the steps that the commission is taking to link students and graduates of higher education with members of the business world in the Principality.

Workshops for guidance counselors, helping students seek out the jobs that are most suitable for them, and helping students connect with potential employers.

Students are also given access to a Graduate Integration Officer on digital platforms.

Georges Marsan, Mayor of Monaco, this week signed the Charter of commitment of the National Pact for the Energy Transition. The objective is to commit to a carbon-neutral Monaco.

The ceremony was attended by Marie-Pierre Gramaglia, Government Counselor-Minister of Equipment, Environment and Urbanism, Annabelle Jaeger-Seydoux, Director of the Mission for Energy Transition, of Marjorie Crovetto-Harroch, Deputy Mayor, Delegate to the Framework of Life, Environment and Sustainable Development, members of the Communal Council and Heads of Municipal Services.

“The commitment of Monaco City Council is a strong signal to our compatriots. Through the commitments you make, you can set an example and lead the way towards energy transition,” said Marie-Pierre Gramaglia.

As a reminder, the National Pact, set up last January, aims at the commitment of the Monegasque community to achieve the greenhouse gas (GHG) emission reduction targets.

The target is, by 2030, to achieve 50% of the 1990 of carbon emissions, and, by 2015, to be carbon neutral. HSH the Sovereign Prince, followed by His Government, were the first signatories of the National Pact, which now has more than 500 members.