- CMA represents the primary HNW dealer to supply a novel worth proposition in Europe
- Marco Liardo introduced as Managing Director of Switzerland
- Luca Bertacchi introduced as Managing Director Continental Europe and to steer the newly created non-public placement life insurance coverage (PPLI) apply group
ZURICH, SWITZERLAND – Media OutReach – 21 September 2021 – Charles Monat Associates (CMA) is increasing its operations in Switzerland. Along with the current appointment of Marco Liardo as Managing Director of the Swiss Operation, the Group in Zurich is broadening its capabilities even additional with three senior govt hires. On the identical time, CMA is launching a home enterprise within the EU and creating a non-public placement life insurance coverage (PPLI) apply group. Luca Bertacchi is becoming a member of CMA in Liechtenstein to construct and lead the newly established staff. The brand new hires and formidable enlargement technique show CMA’s dedication to rising its enterprise throughout Switzerland and Europe.
Simon Lo, CEO of Worldwide Enterprise, Charles Monat Associates
Marco Liardo joins as the Managing Director of Switzerland for CMA. Primarily based in Zurich, his position includes growing, main, and managing gross sales consultants in Switzerland in addition to tailoring bespoke options to purchasers’ liquidity planning wants. Marco has many years of expertise in wealth advisory for worldwide purchasers, having efficiently developed and managed the Swiss hub for a global life insurance coverage dealer. Beforehand, he served as Head of Monetary Evaluation and Senior Merger & Acquisition Supervisor for a world insurance coverage group in addition to Vice President, Personal Banking Life Insurance coverage for a global Swiss non-public financial institution.
As a part of CMA’s enlargement in Europe, a brand new PPLI apply group has been created strengthening the Liechtenstein dealer entity and making a centre of competence for the full Group of CMA. Luca Bertacchi has been appointed to steer the brand new staff, bringing with him 25 years of expertise and experience within the Industrial and Monetary Sector. Beforehand, Luca was International Director of Lombard Worldwide Assurance SA, working his approach up from Head of Switzerland and Regional Director Central & Southern Europe. Previous to this, Luca was concerned in varied positions at UniCredit. Becoming a member of Marco and Luca in Europe and strengthening the staff’s experience additional are three further senior hires.
Consequently, CMA is capable of bolster its Worldwide Enterprise Division which embrace operations in Dubai, Geneva, Liechtenstein and Zurich. Each Marco and Luca report back to Simon Lo, CEO of the Worldwide Enterprise Division.This new construction permits CMA to supply more practical cross-border assist, extra environment friendly providers and brings actually international options to purchasers. With the elevated presence within the development markets outdoors Asia, CMA reply to the shopper’s wants for worldwide options as nicely as addressing the rise in relocation. As a unit, CMA is international and capable of handle each home and worldwide insurance coverage wants of HNWI.
Yves Guélat, Group CEO of Charles Monat Associates, is extraordinarily thrilled in regards to the new appointments: “Our new staff members are subject material specialists in terms of insurance coverage options. With their important expertise in wealth planning and large community of contacts, they supply an actual value-add to our financial institution companions, household workplaces and purchasers within the area. By increasing the capabilities of our Worldwide Enterprise Division in Switzerland and Europe, we will improve worldwide synergies to create ‘one CMA’.”
A dedication to Switzerland and Europe – CMA solely international HNW dealer to cowl all areas
CMA opened its Swiss subsidiary in 2012 as a part of its worldwide enterprise. Since then, this enterprise has seen annual gross sales development of 20% year-on-year, largely pushed from Switzerland and the EU. “With a excessive focus of high-net-worth people, Europe is vital to our enterprise,” states Simon Lo, CEO of Worldwide Enterprise at Charles Monat Associates. “For that reason, there’s an elevated want for brand new hires in Switzerland and Europe to service the rising variety of banks’ purchasers and referral companions. By strengthening our Worldwide Enterprise Group, we’re capable of assist our purchasers extra effectively and supply an intensive suite of data from the pool of experience inside our group.”
International developments present that the variety of high-net-worth people (HNWI) in Europe, together with China and APAC, is rising exponentially, a key driver for the life insurance coverage trade. By increasing the Swiss enterprise and establishing the PPLI apply group, CMA represents the primary international HNW dealer to supply a novel worth proposition to the third-largest area globally in phrases of variety of HNWIs (5.4 million) and belongings (US$17.5 trillion).
The corporate plans to proceed increasing its choices sooner or later, specializing in Common Life insurance coverage and options for safeguarding worldwide belongings overseas. “We wish to broaden our merchandise throughout the area and create synergies with different areas in a extra linked world,” says Guélat.
In Europe, which is very developed in wealth planning and wealth advisory, CMA goals to fulfill the evolving wants of purchasers whereas providing worldwide custom-made methods. The main international management adjustments introduced in June 2021 spotlight CMA’s dedication to offering international entry and choices. The present enlargement plans in Europe serve to additional advance the firm’s enterprise development technique and construct better synergies throughout areas, asset courses and liquidity options.
About Charles Monat Associates
Charles Monat Associates (CMA) is a number one international insurance coverage dealer with greater than 200 professionals working in Hong Kong, Singapore, Dubai, Switzerland, Miami, Kuala Lumpur, and Liechtenstein. Based in 1971 by Charles S. Monat, the corporate has established a repute as Asia’s most trusted premier consultancy. With 50 years of expertise, CMA delivers world class experience in liquidity planning and wealth switch for Extremely-Excessive-Internet-Price and Excessive-Internet-Price people, households and companies. For extra data, go to www.monat.com.