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Bpm-Banco Popolare: corporate and investment at Banca Akros, private at Aletti

While awaiting the final go-ahead from the ECB for the merger of the two Popolari, the roles of the various subsidiaries are being defined: Banca Akros will become the group's only corporate and investment bank while Banca Aletti will do private banking and will absorb the current portfolios of Bpm, Banca Akros and Banco Popolare – In asset management, Anima and Gestielle will remain separate

Bpm-Banco Popolare: corporate and investment at Banca Akros, private at Aletti

To Banca Akros all corporate and investment banking and to Banca Aletti all private banking of the group that will arise from the merger between BPM and Banco Popolare. This is one of the crucial points of the new bank that will be born from the merger between BPM and Banco Popolare, which awaits the definitive go-ahead from the ECB's Supervisory Authority by mid-September in order to become operational in all respects from 2017 January XNUMX.

For corporate and investment banking, Banca Akros will set up a special division dedicated to mid-caps that thrive in the reference area (Lombardy and Northeast) of the new bank.

Banca Aletti will instead absorb all the private portfolios of Bpm, Banco Popolare and Banca Akros.

In asset management, Anima and Gestielle will instead remain separate companies, but the former will be assigned a more strategic role while the latter will focus on the mass market.

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