Italy-based Banca Mediolanum has forged a distribution deal with a UK investment manager, M&G Investments.
The deal will see M&G funds available to Banca Mediolanum’s retail clients.
Under the agreement, Banca Mediolanum customers will be able to access the range of funds offered by M & G Investments directly or through the bank’s unit linked range, My Life Mediolanum Vita SpA.
The partnership will expand and diversify the bank’s mutual fund offer.
Massimo Doris, CEO of Banca Mediolanum, said: “We believe we have made this important partnership with a substantial further broadening the range of funds of My Life including our customers can choose to compose and customize your own portfolio.
Matteo Astolfi, director of M & G Italy, said: “This new partnership with one of the most important players in the Italian market has a strong meaning: it is a new collaboration that we want to pursue in the long term.”