A pair of former senior employees at Société Générale Private Banking Monaco (SGPB Monaco) have established a new wealth management company, Prometheus Wealth Management, in the Principality of Monaco, InvestmentEurope can reveal.
Prometheus Wealth Management received the agreement of the Monegasque regulator CCAF on 19 December 2017.
The investment advisory firm was co-founded by Mathieu Letort, former deputy head and senior private banker at SGPB Monaco, and Alain Marcucci, former head of Southern Europe Desk at SGPB Monaco.
Previously, Letort also headed the wealth management department at CFM Monaco while Marcucci worked at ABN Amro Bank as head of Southern Europe.
Cyrille Boyer, who was a private banker at SGBP Monaco, has joined the new venture in March.
In Greek mythology, Prometheus, meaning forethought, is one of the Titans defying the Olympian gods and stole fire to give it to mankind.