Monaco boutique bolsters wealth management arm with new CEO

Former Barclays private bank CEO Francesco Grosoli is appointed head of storied Monaco boutique Compagnie Monégasque de Banque. Compagnie Monégasque de Banque, one of Monaco’s leading private banks, announced this week that Francesco Grosoli is to be its new chief executive. CMB, a wholly owned subsidiary of Italian investment bank Mediobanca SpA, said that the appointment…