Mario Bortoli, head of the multi-manager unit at Fideuram Investimenti, argues in favour of an active approach avoiding benchmarks.
Intesa Sanpaolo's Banca Fideuram continues its financial advisers' recruitment process by adding six new employees throughout Italy.
Italian Banca Fideuram Group has added 131 financial advisers to its two networks, Banca Fideuram and Sanpaolo Invest, all coming from the banking sector and rival networks.
Italy's Banca Monte dei Paschi di Siena (MPS) has appointed a number of financial advisers to its network. The Siena-based bank hired Mauro Gaeta, Carlo Castagnoli and Aristide Tondini from Azimut.
Italy’s Banca Fideuram posted €1.5bn inflows during the first three quarters of 2012, up from €1.2bn in 2011.
Italy's Banca Fideuram is the asset manager which hired the most during September, according to data released by industry association Assoreti.
Gathered at its annual conference in Milan, the Italian asset management industry heard numerous speakers say that financial advisers are the future for the industry, not the banks.
Discovering consistency, a good approach to risk, and recognition of communications needs.
UniCredit tried to reassure markets that investors will underwrite almost all of a €7.5bn rights issue, announced this week by chief executive Federico Ghizzoni.
UniCredit, Italy’s largest lender and parent of asset manager Pioneer Investments, must find €8bn to shore up its balance sheet, according to figures released yesterday by the European Banking Authority.
Foreign funds houses continue to build their stake in the management of Italian assets, at the expense of their domestic competitors. The increase is small but is part of a slow upward trend that has been developing over time.
Fears of contagion from the Greek debt crisis have affected trading in Italian bank shares