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The Monaco Economic Board and Cap Connect partner up for a networking event at the Embassy

H.E. Mrs Evelyne Genta with Mr Justin Highman, Director of Monaco Invest and Mr Francesco Grosoli, Managing Director Wealth & Investment Management EMEA for the Barclays Bank in Monaco.

The Monaco Economic Board co-hosted an event at the Embassy on Thursday 25th January in partnership with Cap Connect, independent consultancy which connects Family offices with business in the financial sector. Around twenty representatives of UK based family offices came to the event. H.E. Mrs Evelyne Genta gave a speech aiming to dispel the guests’ preconceived notions about the Principality. She highlighted in particular Monaco’s dynamic and stable economy.

“[The Principality] provides jobs for 45.000 people in the region” she said.”  We have about 5.000 companies registered in different fields:  cosmetic, pharmaceutical, shipping, tourism and obviously banking and related financial activities. Monaco is a serious economic player in the South of France by providing jobs to the whole region.”

Mr Francesco Grosoli, Managing Director Wealth & Investment Management EMEA for the Barclays Bank in Monaco and board member of the AMAF (Monegasque association for the finance sector), also gave a presentation and answered questions about the many benefits Monaco has to offer to asset management businesses.  He highlighted in particular the strict regulatory framework which allows financial entities to operate lawfully and transparently in an ever more demanding world economy.

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