Asset management group La Française has reached an agreement with the Austrian private bank AlpenBank AG aimed at expanding its presence in Italy.
The partnership will provide AlpenBank AG clients access to La Française’s range of financial products authorised and distributed in Italy through the funds’ platform Allfunds, while La Française continues its plans for growth in the Italian market.
La Française Italy country head Luigi Brunetti, said: “The agreement with a quality and dynamic player like AlpenBank is part of our growth strategy that aims to conquer ever-expanding market spaces. The partnership will allow us to further consolidate our positioning within an increasingly competitive market.”
La Française, led in Italy by Luigi Brunetti, currently has over €66bn in assets under management.