Former Treasury Minister Domenico Siniscalco, current vice president and country manager of Morgan Stanley, was unanimously confirmed by the extraordinary assembly of Assogestioni as president for the next three years. Vice-presidents will be Srinivasan of Generali, Lombardo of Pioneer and Micillo of Eurizon.
Siniscalco finds himself at the helm of Confindustria dei Fondi in a difficult period from an economic and financial point of view, but in which the banks have rediscovered the importance of managed savings and in particular of mutual investment funds, as evidenced by the record inflows of the first two months of 2013 and by the fact that the assets of the funds exceeded the all-time high.
After the long battle for the equalization of the tax treatment of Italian-law funds with foreign funds, the central objective of Assogestioni - as Siniscalco underlined in his introductory report - now becomes that of getting individual savings plans off the ground with a The tax rate makes it easier for those who invest in a long-term perspective.
