Italian group launches AM branch in Luxembourg

Italian group Banca Finnat Euramerica has launched a new Luxembourg-based asset management branch called Natam Management Company.

The subsidiary has received a “dual permission” from Luxembourg market authorities.

Banca Finnat said the Natam project was aimed at serving internal as well as external clients such as third-party intermediaries and institutional investors.

The company runs the New Millenium Sicav launched in the 90’s that comprises 14 sub-funds

Banca Finnat’s deputy general manager and president of the group’s Sicavs Alberto Alfiero has been appointed president of Natam.

Sante Jannoni, a lawyer specialising in Italian and Luxembourg financial law and senior management member of a number of professional and financial entities in Luxembourg, will serve as the company’s CEO.

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