Italian online bank IWBank Private Investments (IWBank PI), owned by Ubi Banca, has poached two financial advisers from Deutsche Bank in a move that expands its advisory network.
The bank led by Dario Di Muro has appointed Mario Tancini and Pierre Turcotte to the firm's business in the Triveneto area. The region, based in Italy's north east, is a strategic area with great growth potential for IWBank PI, the bank said in a statement.
Tancini has been appointed as the bank's Triveneto area manager while Turcotte will be the new branch manager.
Stefano Lenti, IWBank private investments manager for financial advisers and wealth managers, said: "These two new appointments show that our focus on growth and strengthening the network are delivering expected results.
"These are objectives that we pursue both through an intense recruitment process across the national territory, and through specific initiatives that aim at the gradual growth of the firm's current financial advisers portfolios."
The double hire is the latest of a batch of appointments announced by the Italian bank in the region recently.
Earlier this month, Giovanbattista Gualtierie Massimiliano Marradi joined UBI Group's bank from San Paolo Invest, where they had worked at the firm units in Milan and Siena respectively.
Mario Roni, who joined from London-based Pairstech Capital Management, was appointed as group manager for the Italian bank's office in Pisa.
Biagio Rita joined the team in Rome, while Tommaso Pagliari, coming from Fideuram, was hired to cover southern central Italy based in Pescara.
Raffaele Buonomo also joined earlier this month to be responsible for coordinating the sales of the firm's advisory network, alongside Stefano Lenti, who would be responsible for the firm's financial advisory and wealth managers areas.
Reporting to Buonomo, Raimondo Porcu, who joined to support the development of the bank's financial advisory network led by Paolo Isidoro.