It may not have the highest profile in the Principality, but CFM Indosuez Wealth Management has been named Best Bank in Monaco by the international magazine Global Finance in its 2017 awards.
Global Finance analyses banking performance based on information not only from industry experts, but also from business managers, investors and others. For the 2017 awards, Global Finance placed particular emphasis on the ability of banks to innovate.
This award, now in its 18th year, reflects the high standards of excellence and innovation of CFM Indosuez Wealth Management in serving its customers, through its employees and the entire Indosuez Wealth Management Group, the bank said.
CFM Indosuez Wealth Management helps families and entrepreneurs to create, develop, protect and pass on their wealth.
The Indosuez Wealth Management network is represented in Monaco by CFM Indosuez Wealth, which claims to be the Principality’s leading bank. Its roots in Monaco date back to 1922, when it was created by some of Monaco’s leading families, some of whom are still stakeholders by 30 percent. It now has seven agencies in the region, and its teams, comprising more than 360 highly specialised members, combine their knowledge of the principality with the vast expertise and opportunities provided by the global network of Indosuez Wealth Management and Crédit Agricole group.
Aside from Wealth Management, its core business, CFM Indosuez Wealth is the only bank in Monaco that can offer financial solutions to private investors, businesses, institutions and professionals.
In 2016, CFM Indosuez Wealth Management signed a referral agreement with HSBC Private Bank with a view to welcoming clients introduced to it from HSBC’s client base in Monaco. CFM Indosuez Wealth is also Monaco’s leading commercial bank, serving two out of three businesses in the Principality.