On Tuesday, October 24, Compagnie Monégasque de Banque (CMB) hosted the first session of the Philanthropy Academy, a response to a growing demand from its clientele in the Monaco area, at the Meridien Hotel.

“Philanthropy means being committed to working for the well-being of humanity,” said Werner Peyer, CEO of CMB, adding “an institution like ours has a duty to get involved in the future of the next generations”.

The six-module course covers all the topics that a philanthropist needs to understand in order to embark on the adventure: evaluation criteria, vision, opportunities, resources and partners, in short, all the ingredients necessary for the success of his or her project.

CMB’s team of lecturers is also supported by external experts and guest speakers who will shed light on topics, such as taxation specific to philanthropic activities.

For its kickoff, the first guest speaker was HE Bernard Fautrier, Vice-President and CEO of the Albert II Foundation. Other well-known personalities will come to share their experience, including Sir Stelios Haji-Ioannou, founder of the Stelios Philanthropic Foundation and of easyJet.

This new Academy will allow CMB to contribute to the education of a public that is aware of the values of philanthropy, and offer it a new investment axis for its strategies.

The Philanthropic Academy is in line with its older sister, the Academy for Women and Finance.

Building on their success, the CMB Academies will unveil new projects in 2018. CMB, the Monegasque private bank founded in 1976, specialises in investment advice. The bank offers a diversified range of tailor-made products and services, including asset and wealth management as well as financing adapted to the specific needs of each investor.

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