Italy’s Fineco to hire 100 advisers by year end

FinecoBank has appointed eight financial advisers to its network, as part of a broader strategy of growth according to which the Italian bank will announce more than 100 hires by the end of 2012.

Enrico Silei joined from Cassa Lombarda, Valerio De Angelis and Alessandro Gargiulo joined from Finanza & Futuro, Silvano Tabo’, Alessandro Lamberti, Marco Vignola and Giancarlo Dagheti joined from Banca Network and Francesco Cioffi joined from BMPS.

They are based in Fineco’s offices in Liguria, Campania and Lombardia.

The network has more than 2,300 advisers across Italy, and is headed by chief executive Alessandro Foti and by commercial director Mauro Albanese.

Fineco reported net inflows for €900m since the beginning of the year and €2bn for advisory services Core Series and Advice. The average portfolio under management is €13m.

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