CMB: Future of industry is combining investment banking and private banking | World Finance

In the last 20 years, Monaco has seen an inflow of very sophisticated clients – not just millionaires and billionaires, but active ones, seeking help not just with managing their money, but managing their businesses. This is why Francesco Grosoli, CEO of Compagnie Monégasque de Banque (CMB), believes the future for the bank – and the industry as a whole – is to combine private banking with investment banking. He explains how CMB's participation in the pan-European Mediobanca Group facilitates these services, and his personal ambitions for the future of the bank.

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