Six months after his birth, Cherry Bank accelerates the development of a new business unit, dedicated to Wealth Management and search 100 new private bankers. The plan envisages the formation of teams to be deployed in the areas already covered by the bank's branches (Padua, Mestre, Treviso, Verona and Vicenza) and in other target areas in terms of availability of wealth, "with the aim of creating a boutique for savers and companies,” explains a note.
In detail, the Paduan bank is moving towards the preparation of two options of service, a simplified one and an advanced one: the first offered free of charge, the second with the payment of a "fee on top" calculated in percentage terms on the basis of the portfolio value and with the simultaneous acknowledgment to the customer of any commissions collected by the bank.
John Bossi, CEO of Cherry Bank, said: “If we are aware that digitization is now necessary for many operations, we believe that for the management of savings, especially on behalf of upper affluent, private and high net worth individual customers, the professionalism of the consultant and the ability to create valuable relationships with people remain fundamental requirements”.
“Between 2019 and 2021, the financial wealth of Italian families increased by 334 billion euros (+7%), almost reaching the ceiling of 5.000 billion: savings which remain in deposits and which, if on the one hand represent a business opportunity for banks, on the other can be fundamental resources, if well directed, for the economic recovery of the country”, says Bossi.
