2019 2019 was devoted to developing Banque Richelieu Monaco’s business Consolidation of newly recruited teams. In 2019, the fifteen teams received indivi- dualised support to allow them to appropriate the Banque Richelieu brand and the Group’s corporate culture. As true ambassadors, they worked to consolidate existing relationships, conquer new markets, and develop promising relationships around the Group’s many areas of expertise. Redeployment of business efforts to key segments. Banque Richelieu Monaco has been restructured around 4 key market segments: Europe and Monaco, Middle East / Levant, Africa, Eastern Europe / Commonwealth of Independent States. We also have a newly formed dedicated team for our independent managing partners which provides support through a platform and adapted business solutions with integrated and multilingual services. Increasing our market share. In 2019, Banque Richelieu Monaco doubled its assets un- der management, bringing them to 1.6 billion euros, and increased its loan book to 600 million euros. Our market share within the Principality significantly increased, gaining four places in the national ranking, both for assets under management and income. Our goals for the years to come Continue our growth at a sustained pace, capitalising on the Private Bank boutique model which allows us to serve our clients, even multi-banked, with an attention and quality of service that is very different from those offered by large groups. I nclude more digital technology in our model and develop our range of services and products towards differentiated and modern solutions. Continue to develop our wealthy international resident clients base in our geographic areas of choice. Our brand therefore strives for gradual development, in the spirit of our values: sense of service, pragmatism, and conquest. Jean Danckaert, Chief Executive Officer Banque Richelieu Monaco Gérard Lafitte, General Manager Banque Richelieu Monaco ACTIVITY REPORT 13