La Compagnie Monégasque de Banque

CMB is a leading private bank, based in Monaco, with unrivaled financial stability.

Since its creation in 1976, CMB has focused on providing quality private banking services to meet our clients’needs with a one-stop-shop approach.

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 ‘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 is wholly owned by Mediobanca SpA, a Specialized Financial Group listed on the Milan stock exchange (included in the FTSE MIB benchmark index), which acquired an initial stake of 34% in 2002 and reached the full control two years later, in 2004.

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 and Luxembourg funds are distributed solely through CMB.
  • CMB Asset Management SAM: this subsidiary specialises in customised portfolio management for very 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.