Prince Albert II has appointed Frédéric Cottalorda as Minister-Counsellor for Finance and the Economy, with effect from 1st April, according to a communiqué issued by the Prince’s Palace on 30th March. He succeeds Pierre-André Chiappori, who had held the position since 18th March 2024.

Cottalorda holds a Master’s degree in Economic Sciences and a postgraduate diploma in estate planning. He began his administrative career in April 2005 at the Service d’Information et de Contrôle des Circuits Financiers (SICCFIN), Monaco’s financial intelligence unit, where he held several roles including Deputy Director until September 2013.

He subsequently worked as a consultant advising professionals subject to anti-money laundering and counter-terrorist financing obligations, before returning to the public sector in August 2024 as Special Adviser to the Secretariat of the Department of Finance and the Economy.

The Palace said his combined public and private sector experience gives him valuable expertise in the financial compliance challenges facing the Principality.

Prince Albert II expressed his sincere gratitude to Pierre-André Chiappori for the dedication and rigour he demonstrated throughout his time leading the Department of Finance and the Economy.

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Photo credit: Cassandra Tanti