• Economics

Francesco Grosoli appointed new Chief Executive Officer of CMB

30 April 2019 - 16h55

Francesco Grosoli has been today appointed as Chief Executive Officer of the Bank, starting from 15 May 2019.

Francesco Grosoli, aged 52, is an Italian citizen with consolidated international experience in private banking in outstanding institutions such as Barclays, HSBC, and BSI. He has lived In Monaco since 1975 and has held a series of significant roles such as Head of HSBC Private Banking until 2007. In Barclays he has held positions of increasing responsibility, having most recently served as CEO of Barclays Private Bank EMEA and Monaco.

The appointment of Mr Grosoli is intended to promote significant growth by CMB and increased co-operation with the Mediobanca CIB division and AM platform as part of the increasing importance of Wealth Management activities within the Group as a whole ”, sayd the bank. On the other side, Werner Peyer, who was Chief Executive Officer since 2010, will to work for CMB as a non-executive Vice President.

Francesco Grosoli said : ”I am truly honoured to take up the reins of Compagnie Monégasque de Banque, a benchmark institution with a long tradition and established presence in the Principality of Monaco. It is also a real privilege for me to become a part of Mediobanca Group and to make available my thirty years’ experience in the private banking sector. ”

For Etienne Franzi, CMB’s President, : “I am delighted to welcome Francesco Grosoli. His experience, gained at the highest levels of leading financial institutions, and his in-depth knowledge of international markets and of Monaco in particular, will be a growth factor for CMB and a precious resource for all our clients.”

Noël Mettey

©CMB

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