Italian lender Intesa Sanpaolo has expanded its presence in UK by opening a new private banking branch in London.
The London branch will be headed by Stefano Ferraiolo and project manager Giuseppe Bonini.
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The new office will provide a range of services including advisory and customised portfolio management, insurance and wealth management products, asset management, financing solutions and banking products.
The bank is planning to hire a team of approximately 15 professionals in 2016.
Intesa Sanpaolo CEO Carlo Messina said: "The Private Banking Division of Intesa Sanpaolo has attained excellent results at the European level and allows our Group to compete on par with leading providers in this field. From today, the asset management of our private clients enjoys one of the most interesting and innovative development perspectives available.
Fideuram – Intesa Sanpaolo Private Banking managing director and general manager Paolo Molesini said: "From this point of view, the opening of our office in London marks yet another step in our project that will allow us to be increasingly present and active in one of the most important high growth markets."
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