COMPAGNIE MONÉGASQUE DE GESTION
CMB is the market leader in international private banking in the Principality of Monaco. Its capital is wholly owned by Mediobanca SpA, which is listed on the Milan stock market.
Since its creation in 1976, it has focused on providing quality private banking services that perfectly fit its clients’ needs. By basing its decision centre in Monaco, the Bank ensures an exceptional level of responsiveness.
Throughout its history, CMB has stood out for innovation in the Monaco financial market, illustrated by its launch of the first fund of hedge funds to be launched in the Principality.
CMB offers clients a range of services organised around two core businesses, investment and financing, with a wide range of investment products and services designed to meet the specific needs of each client.
CMB is owned by Mediobanca SpA, which is listed on the Milanese stock market (Bloomberg ticker MB IM) and forms part of the FTSE MIB benchmark index.
Mediobanca has been Italy’s leading investment bank for more than 60 years, efficiently and discreetly serving major Italian financial and industrial groups in the areas of financing and structuring.
The Mediobanca group operates principally in the following sectors: corporate banking, private banking (through CMB in Monaco and internationally and, in Italy, through its shareholding in Banca Esperia), strategic investments and consumer credit.
The group also operates in Germany, Spain, the United Kingdom and France.
CMB’s history is firmly rooted in the Principality of Monaco and in the private banking business.
The bank was originally founded by several major international banks jointly with local investors to create a â€˜boutique’ bank in Monaco to serve a wealthy clientele based locally or along the Mediterranean coast.
CMB’s ties with Monaco and its role in developing Monaco as a financial centre explain the Bank’s active involvement in the local economy and the wide range of services it currently provides to Monegasque residents.
Over the years, CMB has expanded its international profile and now serves a diverse and cosmopolitan clientele.
CMB main subsidiaries are:
– Compagnie Monégasque de Gestion SAM (CMG): this specialised subsidiary manages Monegasque mutual funds, investment funds and dedicated funds as well as a Luxembourg open-ended investment company. The Monegasque funds are distributed solely through CMB.
– CMB Asset Management SAM: this subsidiary specialises in customised portfolio management for wealthy clients. CMB acts as custodian for clients using CMB Asset Management’s services, who thereby benefit from the same advantages in their banking relationship as CMB’s direct clients.