“We are interested in buying companies in Italy or abroad that manage assets for 2-3 billion euros”. Thus Gian Maria Mossa, managing director of Banca Generali, in an interview with the newspaper La Stampa. Mossa spoke at 360 degrees about the savings situation of Italian families, fintech, markets and the spread. “The next few months will be important to clarify the scenario. Volatility has also risen in Italy on our debt, but I don't see a speculative attack. The country is financially solid and I hope that the Government will do everything necessary to reduce these tensions. Today, investors are very focused on our maneuver,” said the head of Banca del Leone, founded in 2000 and listed on the Stock Exchange for 10 years. Banca Generali as at 30 June 2018 manages over 58 billion in assets, has 837 employees, 1.923 private bankers and in this year's half-year reported profits of 92,6 million.
As for new technologies and financial services applications, Mossa replied: “New markets are opening up. Fintech is not only a captivating interface, but above all it is the substance for improving operations and the possibilities for diversification”. The alliance with Saxobank goes precisely in this direction: “Yes, our open private banking model allows us to aggregate different platforms, even very complex ones such as that of Saxo Bank. A jewel of trading that will enrich our service in a few weeks”, added the managing director of Banca Generali, who also said which financial instruments are currently most in demand by Italian customers. “Multi-line policies with increasing guarantees against market risks, but alternative managements are also growing, opening up to the universe of less liquid investments capable of offering a higher risk premium”.
