countries around the globe. This dynamic is based on our permanent capacity to adapt and our entrepreneurial spirit that we share with them. Our current and future obsession is to sup- port our private and professional clients in the management of their investments and asset allocations by offering them first-class quality of service. Agility, dedication, res- ponsiveness, and commitment are values upheld by every one of our employees. Banque Richelieu supports Saving you time is our mission. Being at your its clients’ wealth management side at every step is our commitment, inclu- ding during the lockdown period which we and estate planning projects are experiencing together from a distance. Banque Richelieu has obviously applied these commitments to itself. During these first eighteen months, major transforma- tions took place, and the Banque Richelieu Our first business report covers a long brand was launched with high-quality com- first year spanning from July 9th 2018 munications in Paris, Lyon, and Monaco. toDecember 31 201.Therepst9 ortis High-level recruitments have been made to released in 2020, a year marked by an strengthen our teams and support business unprecedented crisis that has shaken development. Technical partnerships have many of our beliefs and lead us to regain been entered into with key stakeholders. a sense of humanity, of priorities and who Our selection of funds has been expanded knows, perhaps a little wisdom. and modernised to meet client expec- In this strange period, combining com- tations, in particular, with a first ESG fund, passion and anxiety, we succeeded in Richelieu CityZen, and our first international rebuilding a bank “outside the walls” in just fund in US equities stocks, Richelieu America. a few days thanks to the hard work of our Allof these development dynamics are 160 employees and the use of digital tech- available to you in 2020, and the reactivity nologies to remain in constant contact that our size and our esprit de conquête with our clients. allows is now more relevant than ever. Our choice of a modern and humane pri- This first report is intended to illustrate the vate bank has been strengthened by this main components of this development, experience. introduce you to the talented men and wo- From July 2018 to April 2020, the Banque men at your service, and ensure you that all Richelieu group was fully operational in our teams are at your disposal to answer serving the clients of Banque Richelieu your questions and are ready, with you, to France, Banque Richelieu Monaco, and seize the best opportunities. Richelieu Gestion, and in full development mode, growing assets under manage- ment by 30% between July 2018 and Antoun Sehnaoui December 2019. L’esprit de conquête that Chairman of the Board of Directors drives Banque Richelieu is fuelled by the long-standing financial tradition in France Philippe de Fontaine Vive and Monaco and is deployed to serve our Chief Executive Officer clients financial goals in over forty different Compagnie Financière Richelieu ACTIVITY REPORT 3