â¢ Member of Board of Managing Directors Andreas Georgi
presents Prince Albert II cheque for sustainability initiatives
Dresdner Bank opened its Monaco location today, making it the only German bank with a presence in the principality. Andreas Georgi, member of Dresdner Bankâs Board of Managing Directors, and Charles Sirna, managing director of the new subsidiary, hosted close to 500 international guests from the political and business communities, as well as from high society, at a festive gala. Prince Albert II of Monaco made a personal appearance at the ceremony to congratulate Dresdner Bank on the opening.
Georgi sees Monaco as a financial centre offering ideal conditions for Dresdner Bankâs advisory services for wealthy private clients from the entire Mediterranean region. âMonaco is already an attractive financial centre. The principalityâs ability to attract the wealthy population in the entire Mediterranean region, soaring economic growth and excellent infrastructure make it ideally suited as a location for our international private wealth management conceptâ. During the gala, Georgi presented the Prince with a cheque for â¬50,000 in aid of âMonaco DÃ©veloppement Durableâ, Monacoâs society for sustainable develop-ment.
Effective immediately, Dresdner Bank has a 14-member international advisory team in Monaco, which will serve clients from the principality and the Mediterranean region. âWe are now available locally to serve our regional and international clientsâ, stated Georgi. âThat is an important advantage over the competitionâ. In addition to portfolio management, the Bankâs services include in particular family office solutions, such as asset and investment reporting, financial and succession planning, as well as lending.
The new Monaco location is part of Dresdner Bankâs private wealth management expansion strategy. The Bank is currently increasing the number of its locations providing advisory services to wealthy private clients in Germany from 15 to 22. Additionally, the Bank is strengthening its presence this year in the United Kingdom, Dubai and Singapore in particular.
Dresdner Bank is one of the ten largest banks in Europe catering to high net worth individuals, and is the second-largest in this segment in Germany. Total assets under management for high net worth private banking clients amount to around â¬100 billion, with over one third of this sum attributable to its international units.