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Monaco-based private bank closes London arm

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Monaco-based private bank Compagnie Monegasque de Banque has closed its fledgling UK wealth management operation. CMB Wealth was launched in 2015 by ex-Coutts investment director Julian Soper and Savio Figueredo, formerly a director at Barclays Wealth & Investment Management. Werner Peyer, chief executive of CMB, confirmed that the London office…

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