A significant event this year in Monaco has been the emergence of new asset management companies, now 25 in number as against just 7 ten years ago. This phenomenon seems to be welcomed as a sign of good health and new positioning. Indeed, many economic observers, banks and private bankers, are keeping a close eye on this development. All see it as a good sign. Some speak of complementary and impulse, (more…)
In the last two years Monaco’s banking sector has welcomed new names, either through mergers and acquisitions, all of which are signs of good health, backed up by the quality of results.
Dresdner Bank, opening in July: Count-down to the end of July 2006 for the opening of the Dresdner Bank in the Principality, a banking and (more…)
In June 2006, the Governor of the Banque de France, Christian Noyer, was in Monaco for meetings with the authorities and the banking community.
Following a sharp recovery in 2004 the banking sector in Monaco has continued to progress, recording a double-digit increase in assets under management in 2005, for a result at the end of the period of almost 70 bn euros managed by a total of 41 banks and 19 asset management companies.