Capital Group signs distribution agreement with Südtirol Bank
Capital Group Italy has signed a distribution agreement with Südtirol Bank.
It is Capital Group’s third distribution arrangement in Italy – along with FinecoBank and Online Sim – and it will provide the company with opportunities to reach private investors particularly in northern Italy.
Since the establishment of Capital Group’s office in Milan in 2013, the company continues to gain momentum in Italy. Now with three key distribution partnerships, Capital Group’s team in Milan has increased to four with the recent addition of a Marketing assistant to work alongside the three business development managers – Vlasta Gregis who started in 2012 and Cristina Mazzurana and Paola Pallotta who joined the company earlier this year.
Südtirol Bank is an independent bank in Italy with a network of 160 financial advisers. It serves both retail and corporate clients.
Grant Leon, head of Sales for Capital’s Financial Institutions and Intermediaries business, commented: “Working with high quality third parties is key to Capital Group’s distribution strategy, and the organisation has a successful 80-year track record in working with distribution partners around the world. Our new relationship with Südtirol Bank complements our existing relationships in Italy and helps us to reach new investors across an expanded geographical area.
“We look forward to working with Südtirol Bank’s high quality network of advisers and to bringing our funds to a broader audience.”
Christian Lato, general manager and head of Sales, Südtirol Bank said: “Südtirol Bank works very selectively with third parties to offer quality and choice to our clients. Our new relationship with Capital Group will enable us to bring new ideas to our clients and reach new investors. We look forward to adding a range of Capital Group’s European retail funds to our platform which may appeal particularly to investors who are increasingly operating over longer time horizons and within tighter risk budgets.”