Eurizon, the company of asset management of Intesa Sanpaolo, closed 2022 with a Net income of 567,4 million euros, a . which stands at 383 billion euros and a consolidated gross profit of 764 million euros and the commission margin of 913 million.
This was communicated by the company led by Saverio Perissinotto who, in a note, reviews all the salient data of the 2022 financial statements. cost/income ratio is at 21%. In 2022 Eurizon recorded net outflows of 2,9 billion euro, however recording a positive contribution of 5,9 billion euro from the extra-captive component in Italy, mainly deriving from institutional customers. As for thelast quarter in 2022, net funding was positive for 2,1 billion euro, driven by institutional portfolio management which raised 2,2 billion.
“In a year characterized by a very difficult and challenging context, the Eurizon team has delivered honorable results, thanks to the management skills, the quality of the products and the service model tailored to each market based on the characteristics and needs of the customers”, is the comment of Saverio Perissinotto, CEO of Eurizon.
Eurizon confirms a market share of 17,8%
Eurizon confirms a market share of 17,8% and a leading position among institutional customers with AUM of 153 billion euro, of which approximately 19,6 billion for pension funds and pension funds. The growth in the twelve months on the private markets, where the subsidiary is located, was significant Eurizon Capital Real Assets recorded net inflows of over 2,7 billion and a 50% increase in assets, reaching over 9 billion at the end of December.
Eurizon: foreign operations are doing well
Among foreign assets, the Chinese company Penghua Fund Management (49% owned) confirmed excellent results in 2022, with assets at the end of the year of 152,4 billion euro, up by more than 5% over twelve months and a net inflows of 17 billion euros. The assets of the London subsidiary Eurizon SLJ Capital at the end of December amounted to 3,3 billion euro, while that of the hub in Eastern Europe (Slovakia, Hungary and Croatia) was 3,4 billion. Investments characterized by characteristics ESG of Eurizon, at the end of 2022, reached 110,3 billion euro, equal to 53,7% of total fund assets.
