Generali Investments, the asset management arm of Generali Group, is planning to expand its presence into the UK by opening an office in London for pension fund clients.
The London office will support the company’s expansion plans for its third-party business with institutional clients and private wealth managers. The asset manager has received approval from the company’s board to launch the office.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company is also looking to foray into three other Nordic countries including Norway, Denmark and Sweden.
Generali Investments CEO Santo Borsellino said the company is now targeting an additional EUR8bn in assets by the end of 2018.
He added that the firm has increased its third-party assets under management (AUM) by 16% year on year.
"We talk mainly to institutional clients so we can’t really avoid being in the UK and the Nordics," Borsellino said.
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 GlobalDataGenerali Investments now has around EUR431bn of AUM and its third-party assets under management amounted to EUR17bn.
