Eurizon appoints head for new branch in Spain

Italy’s Eurizon has opened today an office in Madrid following recent launches in Paris, Frankfurt and Zurich.

The Italian manager has appointed Bruno Patain as country head for Spain and Portugal to run the new branch, whose launch had been announced a few months ago.

Patain joins Eurizon from Generali Investments, where he worked as head of institutional clients for Iberia for the past decade.

The Spanish business, as in France, Germany and Switzerland, will be coordinated by Gabriele Miodini, head of Sales & Client Management at Eurizon Capital.

Miodini (pictured) says: “With the opening of the branch in Madrid, we are setting a new milestone in our ambitious project to strengthen the brand in Continental Europe.

“We are pleased to have Bruno Patain on board, and we are confident that his twenty years of experience in wealth management will further enrich our team of experts involved in expanding our international business in the area.”

He adds: “Some of our funds investing in EM including the Epsilon Fund Emerging Bond Total Return and Eurizon Fund Emerging Market Local Currency, could be as popular in Spain as in other regions, considering the interest Spanish investors are showing in searching for return while diversifying from European investments.”


With regards to those markets where the firm is already present, Mazzini says: “We are tailoring different strategies to specific regional needs. In terms of products, considering that Italian retail investors are usually conservative, we are developing multi asset solutions focusing on managing the drawdown risk.

“Beyond Italy, we are focusing on wholesale and institutional investors, trying to enhance the level of penetration through niche solutions such as the Eurizon Fund Bond High Yield and the Epsilon Fund Emerging Bond Total Return.”

Looking ahead, Eurizon focuses on sustainable finances. In 1996, it became the first Italian asset manager to offer ethical funds, which lay out clear and articulated criteria for the selection of securities, a Sustainability Committee, and the devolvement of earnings. “We thought we could be more engaged on this area so we decided to integrate the ESG criteria within our investment policy.

“We would like to be a player with responsibility on corporate governance issues, sustainability, etc,” underlines Mazzini.

In this line, Eurizon recently launched the Eurizon Fund Absolute Green Bond and the Eurizon Fund Sustainable Global Equity.

Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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