Joel Koffi

CMB Monaco

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 offer is structured around three core businesses: private banking, investment management and financing, and comprises a wide range of investment products and tailor-made services available to our clients. CMB was originally created as a Monegasque «boutique» bank by several major international banks jointly with local investors. Today it 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 is now a founding part of the Mediobanca Group Wealth Management division. In the past few years, the Wealth Management division, which changed the group's identity and profile, became a major fee contributor, generating almost 50% of total group fees.