Banca Monte dei Paschi di Siena (Mps) has added two financial advisers to its teams in Sardinia and Puglia.
Managed asset rose sharply to €2,768 (+70%), according to Italy’s Banca Generali’s latest report.
Total net inflows of Banca Generali in November amounted to €123m, of which €97m gathered by the Banca Generali network (€1,349m YTD) and €26m gathered by the Banca Generali Private Banking (€780m YTD).
Italy’s Banca Generali has posted total net inflows of €2bn YTD, bringing total AUM to €28.2bn, up by 10% compared with 2012.
Banca Generali’s private banking division has appointed two high-profile bankers to its team coming from Credit Suisse and Banca Popolare Etruria.
Banca Generali posted positive net inflows of €122m in September, €82m of which came from the bank’s network and €40m from Banca Generali Private Banking.
The bank’s asset management products posted net inflows of €117m, with a negative result of €6m in portfolio management.
Net inflows of managed products reached
€237m in July(€1,824m YTD, as use of financial advisers continued to grow, Banca Generali has said.
Italy’s Banca Generali has posted €1,412m net inflows in the first half of the year, €305m of which just in June, the best monthly figure ever seen by the bank.
Italy’s networks of financial advisers posted €1.6bn of net inflows in May, down -5.7% compared with the previous month, industry association Assoreti revealed.
Italy’s networks of financial advisers posted €1.7bn of net inflows in April, a 14% increase compared to the previous month, according to industry association Assoreti.
Banca Generali’s total net inflows for May amounted to €246m, €145 of which were gathered by Banca Generali’s network (€664mn year-to-date) and €101m
by Banca Generali’s Private Banking (€443 million YTD).