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December 5, 2018updated 14 Dec 2018 11:04am

Banca Generali to acquire Swiss wealth manager Valuer Fiduciaria

Italian lender Banca Generali has made a binding offer to purchase 90.1% of Swiss wealth management firm Valuer Fiduciaria.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
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The transaction, whose financial terms were not disclosed, is subject to customary closing conditions.

“The deal reflects Banca Generali’s goal of growing on markets favourable to the private advisory industry, such as Switzerland, which benefits from the changed market and regulatory scenario,” Banca Generali said in a statement.

Valeur Fiduciaria, based in Lugano, was set up in 2009. The business oversaw CHF1.32bn in assets at the end of June 2018.

The international expansion forms part of Banca Generali’s growth plan for the 2019-2021 period.

As part of this plan, the bank also intends to expand its service offering for protecting financial and non-financial wealth and promote digital innovation.

Banca Generali CEO and general manager Gian Maria Mossa said: “We have confidence in the validity of our business model, which are focussed on the role of the private banker and is aiming at protecting and growing wealth through our improved line-up of investment solutions and new wealth management services.

“The launch of our international expansion and our focus on technology are strengthening our leadership and opportunities in the sector.”

Earlier this year, Banca Generali announced the acquisition of NEXTAM Partners, an Italian wealth and asset management firm.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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