Intesa Sanpaolo Group’s asset manager Eurizon has announced its plans to launch an office in Madrid will be made effective soon.
The move, still pending of regulatory approval, is another step towards the firm’s global expansion and will follow Eurizon’s latest launch in Switzerland.
The establishment of new offices in Europe and the strengthening of the existing ones are included in the objectives of the Intesa Sanpaolo Group’s 2018-21 Business Plan, said Eurizon.
“The Group aims to become a European leader in the wealth management & protection area. Indeed, this development strategy is indicative of the Group’s intention to further enhance its international activity in asset management, with a focus on selected European markets.”
Gabriele Miodini, head of Sales & Client Management at Eurizon Capital, said: “We have opted to grow our business in certain strategic European countries, through the establishment of local branches. We believe that our presence in the field represents the best approach for penetrating these markets, as it facilitates relations with domestic institutional customers.
“Germany, France and Switzerland are included as key countries in our plan to strengthen our presence in Continental Europe; these are flanked by Spain and Nordics, where we have been establishing fruitful collaborations with networks of local placement agents for some time now.”