The Monaco Association for Financial Activities (AMAF), an entity that acts as the professional body for authorised institutions conducting banking or financial activities in the Principality, has named Robert Laure as its new president. He succeeds the long-standing Etienne Franzi.  

The AMAF is an employers union that unites those part of Monaco’s Financial Activities Control Commission, which is itself an “independent administrative authority responsible for supervising the conduct of financial activities in the Principality”. 

The main objectives of the AMAF are: to represent its 90-strong members, 27 of which are financial institutions; to defend their interests; and to support authorities in actions that concern the sector.  

Banking veteran Robert Laure has been selected to take up the reins as the new president of the AMAF, stepping into the shoes of Etienne Franzi, who had held the position for 25 years. 

DECADES IN BANKING 

Laure has worked in financial services for 43 years and was formerly the Vice-President of Julius Baer Wealth Management Monaco.  

In the past, Laure was Deputy Director and Head of the Inheritance Management Services at Banca Commerciale Italiana Monte-Carlo, which merged in 1996 with Compagnie Monégasque de Banque (CMB). After the merger, he was appointed Delegated Asset Manager for Collective Investment Products, then Chief Information Officer as well as Executive Chairman of Compagnie Monégasque de Gestion, Managing Director of CMB and its Head of Funds and Discretionary Portfolio Management until 2021. 

He is also the outgoing president of the ACI Monaco Financial Markets Association and Executive Vice-President-General Secretary of Mutual Aid Associations in Monaco.  

Despite his busy schedule, Laure has, over the years, found time for charity work and has been involved in organisations such as MedFund, an environmental trust based in Monaco that is specifically dedicated to the financing of marine protected areas in the Mediterranean, and AMAPEI, an association that works for the protection of children.  

FOCUS ON MONEYVAL 

Of his new role, Laure has said that his priority will be focusing on Moneyval compliance. Moneyval is the EU’s governing body that assesses the observance of international standards to counter money laundering and the financing of terrorism. 

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