Sector guide · Published 2026
Top Private Banks in Monaco
Monaco hosts roughly thirty Loi 1.338-licensed private banks. Ten of them define the practical landscape for UHNW clients structuring residency, wealth, and lending through the Principality. The list below covers those ten, by Monaco AUM presence, Loi 1.338 regulatory standing, and family-office services depth. Public sources only.
Methodology
Ranking criteria: (1) Monaco-licensed under Loi 1.338, (2) physical branch in Monaco with full private-banking authority, (3) Monaco-relevant AUM (estimated from public reports of parent group + branch disclosure where available), (4) heritage in Monaco-domiciled wealth management, (5) capability depth on Loi 1.338 banking + Loi 1.165 residency + family-office services. No paid placement. No commercial relationship with any listed operator at time of publication.
Note: AUM figures cited at group level (not Monaco-branch-only) because Monaco-branch AUM is rarely disclosed by international banks. CMB and CFM Indosuez are the exceptions as Monaco-domiciled entities.
Compagnie Monégasque de Banque (CMB)
Monaco-headquartered private bank, the largest Monaco-licensed institution by AUM. Acquired by Mediobanca in 1989 and operated as a wholly-owned subsidiary since. Full private-banking suite, discretionary management, lending, family-office services. The reference Monaco-domiciled house.
Monaco footprint: Avenue des Citronniers headquarters. Monaco-licensed under Loi 1.338. Single-Monaco operation by design.
Edmond de Rothschild (Monaco)
One of the oldest non-Monaco bank presences in the Principality. Part of the Edmond de Rothschild Group, with deep heritage in family wealth management for European and Mediterranean clients. Discretionary management, investment banking, and family office across the Group.
Monaco footprint: Long-standing Monaco branch. Group AUM measured in hundreds of billions of euros (EdR Group aggregate).
CFM Indosuez Wealth Management
Originally Crédit Foncier de Monaco, founded by the Société des Bains de Mer in 1922. Acquired by Crédit Agricole Indosuez in 1996. Combines a Monaco-domiciled balance sheet with the international wealth-management platform of Indosuez. Active in residential lending against Monaco property, a distinguishing capability.
Monaco footprint: Headquartered in Monaco since founding. Branch network across the Principality.
BNP Paribas Wealth Management Monaco
Monaco branch of BNP Paribas Wealth Management, one of the largest European wealth managers by client assets. Strong distribution across French-speaking UHNW clientele. Full bank-balance-sheet access including FX, derivatives, structured products at scale only major universal banks can offer.
Monaco footprint: Monaco office on Avenue de la Costa. Multi-segment private bank covering €5M+ to ultra-large family offices.
Société Générale Private Banking Monaco
Société Générale's Monaco private bank. Comparable scale and product range to BNP Paribas Monaco. Strong presence in French and southern-European UHNW clientele. Integration with SocGen Group brings access to investment banking and capital markets capabilities.
Monaco footprint: Monaco branch with full discretionary management and credit capabilities. Active in Loi 1.338 regulated activities.
Union Bancaire Privée (UBP), Monaco
Geneva-headquartered private bank with material Monaco branch presence. Family-owned (de Picciotto family), independent governance is a deliberate differentiator vs. listed competitors. Strong in alternatives, hedge funds, and bespoke discretionary mandates.
Monaco footprint: Monaco branch in Monte-Carlo. Group AUM ~CHF 165 billion (2024 reported).
Andbank Monaco
Andorran-heritage private bank with Monaco branch and presence across 11 jurisdictions. Independent (family-owned) governance similar to UBP. Mid-sized in absolute terms but with relevant focus on European resident UHNW segments, Monaco, Andorra, Luxembourg axis.
Monaco footprint: Monaco branch. Smaller AUM than top 6 but positioned for cross-jurisdiction Monaco-Andorra-Luxembourg structuring.
Julius Baer (Monaco)
Pure-play private bank, no investment banking, no retail, focused exclusively on wealth management. Swiss heritage. Monaco branch provides access to the global Julius Baer platform. Strong reputation among internationally mobile UHNW clientele.
Monaco footprint: Monaco branch in Monte-Carlo. Group AUM ~CHF 480 billion (2024).
Barclays Private Bank Monaco
Monaco branch of Barclays Private Bank, the wealth-management arm of Barclays Group. UK heritage, with strong access for clients who also need UK banking infrastructure (mortgages on UK property, GBP capital markets). One of the few Anglo private banks with material Monaco presence.
Monaco footprint: Monaco branch licensed under Loi 1.338. Anglo-currency expertise distinctive in the Monaco-bank landscape.
Banque Havilland (Monaco)
Boutique private bank founded by the Rowland family (acquired the deposit book of Kaupthing in 2009). Monaco branch operates as part of a small-network model, Luxembourg + Liechtenstein + Monaco + Switzerland. Discreet, family-office-style approach. Significantly smaller AUM than top 9 but boutique character is the deliberate positioning.
Monaco footprint: Monaco branch. Smallest in this list by AUM, but the smallest scale is part of the proposition.
Editorial position. Monaco Creative is a Monaco-based marketing agency, not a regulated financial adviser. This guide is an editorial scan of public banking presence in Monaco, it is NOT investment advice, custodian recommendation, or tax-residency guidance. Consult a Monaco-licensed advocat and a regulated wealth adviser for binding decisions. Inclusion is not paid.
Last updated: 2026-05-22. Submit corrections or additions to [email protected].
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