Fideuram e Man Group of Intesa Sanpaolo they close theoperation Asteria: the first step of the new strategic partnership in asset management announced last year 29 June 2023. This was announced by Fideuram – Intesa Sanpaolo Private Banking (“F-ISPB”) and the London-based Man Group, confirming that they have obtained the regulatory authorisations. In detail, the active investment management company has acquired a 51% stake in Asteria – the ESG-oriented asset management company based in Geneva – including its range of funds, while F-ISPB retains 49% .
Attention, explains a note, will now be focused on expanding the offer by creating a range of alternative investment strategies e long-only which apply cutting-edge technologies, combining the private banking skills of Fideuram in Europe and the capabilities of Man Group in the field of investment solutions.
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“In an ever-changing global financial landscape,” he said Thomas Corcos, CEO and general director of Fideuram – this partnership with an international asset manager will help us respond to the increasingly sophisticated needs of our most wealthy clients, providing them with unique investment solutions."
“We are excited about the possibilities this joint venture opens up,” he added Steven Desmyter, president of Man Group -. The F-ISPB team holds an exemplary position within the Italian distribution landscape and as Man Group we share its commitment to innovation and excellence. Working side by side puts us in a great position to generate a new set of relevant investment solutions for clients in Europe as we seek to meet their diverse performance, portfolio construction and risk management needs.”
