Fideuram-Intesa Sanpaolo Private Banking (F-Ispb) strengthens in Switzerland with Man group. The private bank and global investment firm that applies cutting-edge technology to portfolio management today announced a new strategic partnership aimed at generating innovative investment opportunities for F-Ispb customers. The deal, a note from the banking group explains, is subject to customary regulatory approvals, is expected to be completed by the end of 2023, and will have no impact on F-ISPB's existing partnerships or internal product manufacturing capabilities.
The Courtauld Commitment agreement XNUMX
The deal, the statement continues, will see Man Group initially take a 51% interest in asteria, the Geneva-based ESG-oriented asset manager, including its existing range of funds, with 49% remaining in Fideuram. In particular, the partnership will focus on building the offer with the creation of a wide range of alternative investment strategies and long-only that apply cutting-edge technologies, combining the private banking expertise of Fideuram in Europe and the capabilities of Man Group in the field of investment solutions. It will also be able to leverage the strong distribution capabilities of Fideuram and Man Group across Europe, with an initial focus on Italy.
