HSBC clients in Monaco to join CFM Indosuez Wealth Management

CFM Indosuez Wealth Management, which represents the Indosuez Wealth Management network in Monaco, has announced an agreement with HSBC Private Bank to welcome clients from HSBC’s client base in the Principality of Monaco.

The firm said this agreement is in line with Indosuez Wealth Management Group’s strategy to bolster its positions with ultra-high-net-worth-individuals clients in its key markets.

The deal also strengthens CFM Indosuez Wealth Management’s leadership as the largest bank in Monaco, it explained.

“The referral process will begin immediately. CFM Indosuez Wealth Management will work closely with HSBC to ensure the smoothest possible process for the clients,” the company commented.

Indosuez Wealth Management had €110bn of assets under management at the end of 2015.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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