Zurich-headquartered private bank EFG International has agreed to acquire the Luxembourg based private banking activities of UBI Banca International from Unione di Banche Italiane. UBI Banca International (Luxembourg) has around €3.6bn in assets under management. EFG International specified that the transaction is structured as a cash acquisition of UBI Banca International (Luxembourg) S.A. and will have no material […]
The resolution plan approved by the European Commission for four failed local banks on 22 November 2015 will be costly for Italy’s banking sector, warns Fitch Ratings. All Italian banks have to fund a newly established national resolution fund, which will initially be used to contribute €3.6bn towards safeguarding €27.8bn of deposits and senior bonds […]
Il Consiglio di Amministrazione della Banca Popolare di Vicenza ha nominato Francesco Iorio come direttore generale cooptandolo anche nel Consiglio di Amministrazione con il ruolo di consigliere delegato. Iorio proviene da UBI Banca dove rivestiva le cariche di direttore generale e di consigliere di Gestione. Iorio, laureato in Giurisprudenza con specializzazione in indirizzo Economico Bancario presso […]
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.
IWBank, part of Italy’s UBI Banca, has modified the policy according to which it returns part of the management fee paid by clients when they hold a mutual fund.
Teodor Naoumov and Emilio Franco at UBI Pramerica attach high importance to their in-house quantitative selection model.
Italy’s Ubi Banca Private investment appointed about 20 financial advisers to its network during the third quarter of the year, and confirmed it will recruit 20 other professionals before the end of the year.
Italy’s UBI Banca has announced today that the bank has been included in Ethibel Sustainability Index (ESI) Excellence Europe and Ethibel Sustainability Index (ESI) Excellence Euro.
Italy’s bank UBI Banca has become one of the latest eurozone companies to announce a restructuring plan to achieve a more efficient business model.
UBI Banca Private Investment has appointed 16 financial advisers to its Italian network, a spokeperson at the bank confirmed.
UBI Banca Private Investment has appointed seven financial advisers across its regional network in Lazio and Campania, Central Italy.
As the list of top international funds houses in Milan grows longer,
so the local management landscape is changing.