The Shareholders' Meeting of Fideuram – Intesa Sanpaolo Private Banking, held today, ha appointed the new Board of Directors of the Society for the three-year period 2018-2020, made up of 10 members: Elena David, Claudia De Benedetti, Daniele Giudici, Paolo Grandi, Marco Lamandini, Eliano Lodesani, Piero Luongo, Paolo Molesini, Giangiacomo Nardozzi Tonielli, Giuseppe Russo.
The new Board of Directors, which met at the end of the shareholders' meeting, appointed Paolo Grandi as Chairman, ha confirmed Paolo Molesini as Chief Executive Officer and General Manager and Giangiacomo Nardozzi Tonielli Vice President.
The Board of Directors thanked Matteo Colafrancesco for the contribution provided over the years spent in the Group. The Shareholders' Meeting also has approved the 2017 financial statements and the distribution to the shareholder of a dividend of €0,525 per share, for a total amount of €787,5 million.
Paolo Molesini, Chief Executive Officer and General Manager of Fideuram – Intesa Sanpaolo Private Banking, declared: “The results achieved place us at the top of the market in Europe and are the result of the successful integration between the two networks of Fideuram and Intesa Sanpaolo Private Banking. We have been able to exploit and develop the best skills of our 5.950 financial advisors and private bankers, creating a unique group on the market, with integrated networks and investment centers and a unified operating machine. We have achieved remarkable performances since 2014: net income has risen from around 580 to almost 900 million euros, assets under management from 179 to 214 billion euros, net inflows from just over 3,5 to 12,4 billion EUR. We have achieved constant growth, made possible thanks to the commitment, rigor and pragmatism of all our professionals. We have also laid the foundations for a path of sustainable growth also abroad, thanks to the recent acquisition of Banque Morval, to become one of the top five private banks in Europe and the second in the Eurozone for assets under management. The objective of the 2018-2021 Business Plan envisages a flow of net inflows under management of 54 billion euros over the four-year period, of which 5,4 billion from abroad, bringing profit from around 900 million to 1,2 billion . We believe we are ready to face this new challenge”.
