Italy’s Intesa Sanpaolo has set up a new regional hub in Eastern Europe for its asset management activities, consolidating all of its units’ work in the region.
The newly-established consolidated unit is part of a strategic collaboration between Intesa Sanpaolo’s asset management subsidiary Eurizon Capital SGR and the International Subsidiary Bank Division.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Under the new structure, Eurizon Capital SGR will be the main stakeholder in the group, with 50.1% control of the new centre. Slovakian firm VUB Asset Management will hold 40.6% control, and Croatian investment firm, PBZ, will account for 9.3% control of the new centre.
Intesa Sanpaolo said the move aims to bolster the presence of Intesa Sanpaolo’s asset management operations in markets outside of Italy.
Eurizon Capital SGR CEO, Mauro Micillo, said: "The initiative represents part of a strategy aimed at geographical diversification and the strengthening of Eurizon Capital’s presence abroad.
"The collaboration with the Group’s banks in Eastern Europe aims to replicate what has already been achieved in Italy with Banca dei Territori in terms of service and synergies between SGR and distributor."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
