Caisse d’Épargne Côte d’Azur has launched a wealth management branch in Monaco, expanding its private banking operations into the Principality as part of a wider push to grow its client base among high-net-worth individuals, according to a statement released on 9th March.

The bank already operates in Monaco through corporate and real estate activities. The new division extends that presence into private banking, offering advice on investment, tax optimisation, estate planning and asset structuring to entrepreneurs, executives and families based in or connected to the Principality.

A strategic move into private banking

According to the statement, the launch forms part of a strategic plan running to 2030, under which the bank has identified Monaco as a priority market. Delphine Rochas Zuffo, Director of the Wealth Management division, said the Principality’s profile made it a logical step. “Monaco is a unique ecosystem — at once residential, entrepreneurial and international. We regularly work with executives considering expatriation or international structuring of their assets. Being present in Monaco allows us to maintain continuity in those relationships.”

Part of the BPCE group

The new branch draws on the resources of the BPCE banking group, of which Caisse d’Épargne Côte d’Azur is a member. The bank says it serves more than 650,000 clients across 117 branches in the Alpes-Maritimes, the Var and Monaco.

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Photo credit: Cassandra Tanti