Banca Mediolanum and Gamax sign retail distribution agreement
Italy’s retail bank Banca Mediolanum has partnered with Gamax Management AG to make the latter’s fund range available to Italian retail clients through direct distribution.
Part of Gamax Management AG’s funds will also be made available through Banca Mediolanum’s unit linked policy MyLife of Mediolanum Vita S.p.A.
Massimo Doris (pictured), CEO of Banca Mediolanum, hailed the move as a further step towards the development of Gamax, which has been part of the Mediolanum Group since 2001 and is currently distributing to institutional markets in Italy, Spain, Luxembourg and Switzerland.
Furio Pietribiasi, president of Gamax Management AG, said the partnership is meant to address the increasing request among clients for equity with a good level of risk management.