7 ° C
Clear Sky
Breaking News

9 new cases of Covid-19 were confirmed in Monaco on Friday, bringing the total to 42, including 1 who is now cured

CMB voted Best Private Bank in Monaco 2016

CMB voted Best Private Bank in Monaco 2016

By Staff Writer - December 25, 2016

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.

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.

Previous articleIntent to pay or not to pay? That is the court’s question
Next articlePrince promotes electric bikes at Palace Square


March 27, 2020 | Lifestyle & Wellbeing

Video sermons in English

Cassandra Tanti

St. Paul’s Anglican Church has started making online videos of their weekly sermons in English, so parishioners don’t have to miss out during the lockdown.

March 26, 2020 | Lifestyle & Wellbeing

Council asks for markets to remain open

Cassandra Tanti

The National Council says it wants to keep the Condamine and Monte-Carlo markets open, despite the closure of all food markets this week across France.

March 26, 2020 | Lifestyle & Wellbeing

Psychologists to join call centre

Stephanie Horsman

The government has added psychologists to the team at Monaco’s Covid-19 call centre as a growing number of people seek advice on how to cope with isolation and fear.  

March 25, 2020 | Lifestyle & Wellbeing

Extra coronavirus hospital needed now, says council

Cassandra Tanti

The National Council is calling on the Prince’s government to create a makeshift hospital in preparation for a surge in coronavirus cases in the Principality.