Generali’s asset management business split in two firms
Generali Investments has changed its corporate structure by splitting its business into two asset management companies that will remain under the umbrella of Generali Investments Holding.
One of the asset management business, Generali Insurance Asset Management (GIAM), was formerly named Generali Investments Europe and now will leverage the experience developed through the management of assets of the insurance companies of the Generali Group and pension funds. The company will be led by Santo Borsellino as CEO.
Generali Investments Partners (GIP) is a new Italian asset management company aimed at being the business unit’s growth in terms of number of third party clients and assets under management. It will be led by CEO Carlo Trabattoni.
The brand Generali Investments will remain home to the Generali Group’s main investment companies.
According to the Italian group, the move aims to further improving Generali Investments’ ability to align with the needs of investors, and to help clients achieve their investment objectives.