The Monegasque Association of Financial Activities (AMAF) hosted a breakfast at the Novotel on the theme “Digital at the service of the growth of Private Wealth Management in Monaco” on Friday, July 8.

The Minister of State said that the Principality has assets that are major factors in attracting entrepreneurs, investors and foreign residents, including the stability of its institutions, the excellence of regulatory bodies and the security of banking activities that meet the highest international standards.

He also highlighted the dynamism and commitment of the financial sector and underlined the digital acceleration of the sector, which provides a real guarantee of the country’s attractiveness.

“The Prince’s Government stands alongside all players in the financial sector,” he said.

Frédéric Genta, who is in charge of digital transition, spoke of the importance for Monaco of developing its attractiveness to compete with international financial hubs such as Singapore, Luxembourg, or even Dubai, and so continue to radiate throughout the world.

“The Monegasque financial centre is a major asset of attractiveness for the Principality. Its expertise and quality, particularly in Private Wealth, are two essential forces for our country. Naturally, digital will and must strengthen this excellence.”

ORIGINAL SOURCE & PHOTO: Monaco Government Press Service