Monaco financial centre promoted at family offices summit

31/07/2020

The 11th Global Family Office Investment Summit took place in the Fairmont Monte-Carlo, 28-31 July, organised by the Ritossa Family Office. As well as global family office representatives, the event attracts entrepreneurs, investors and wealth managers. The 2020 edition had to adapt to current health measures, but still managed to safely host 150 people at the venue and at least 600 online via video-conference broadcasts throughout the three days.

After a welcome cocktail on Tuesday attended by many leading figures, Justin Highman, Deputy Director General Monaco Economic Board (MEB) and Hervé Ordioni, President of the Monaco For Finance (AMAF*) commission promoting Monaco’s financial market, presented the Principality’s advantages and assets as a financial centre to open the summit on Wednesday. At the end of the day, the two men also took part in a round table to go into more depth, and answer questions on the current crisis and resources in place for Monaco’s recovery.

Thursday saw a variety of different sessions taking place, providing opportunities to network, and ended with a prize-giving ceremony. It included ‘Thought Leader of the Year’ awarded to MEB President Michel Dotta by Anthony Ritossa, President of the Ritossa Family Office.

The two Monegasque organisations manned a joint stand throughout the event, highlighting yet again the relevance of pooling resources and working together to promote the Principality. It was another good opportunity to meet quality players from international markets and discuss the challenges ahead.