Richelieu Group continues its development and announces changes in its governance

While the Richelieu Group is celebrating its fifth anniversary this year, its private banking activities, both in France and in Monaco, have been particularly dynamic in today’s complex market environment.

Banque Richelieu is a family-owned wealth management group composed by a financial holding company in Paris, Compagnie Financière Richelieu, two private banks, Banque Richelieu France and Banque Richelieu Monaco, and an asset management company, Richelieu Gestion. La Compagnie Financière Richelieu continues its development and strengthens the partnerships between its different subsidiaries.

In order to support this development, the Supervisory Board of Banque Richelieu France and the Board of Directors of Banque Richelieu Monaco have approved, subject to the approval of the French and Monegasque regulators, the following changes within its governance:

Banque Richelieu France :

  • Sylvain Fondeur is appointed as Chairman of the Board of Directors

Banque Richelieu Monaco :

  • Thomas Lhuillier is appointed as Chief Executive Officer and Chief Operating Officer
  • Slim Jaziri is appointed as General Manager and Chief Operating Officer
  • Nicolas Rajner is appointed as Chief Investment Officer
Richelieu Group

I am pleased with these talented appointments and I am confident in their ability to continue the positive and sustainable development of the Richelieu Group, alongside all our employees, who are invested in our success. I wish them great success in their future challenges” declares Jacques-Henri David, CEO of Compagnie Financière Richelieu.

At the end of December 2022, the Group had reached its target of EUR 5.6 billion in assets under management thanks to the performance of commercial inflows, as well as EUR 8 million in net income, representing an increase by 128% compared to 2021 and a 28% increase compared to its budget. It has a solvency ratio (CET1) of 25.5%.

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