Generali tightens on Vtb, CEO Perissinotto meets President Kostin tomorrow in Rome

Giovanni Perissinotto, the skilful CEO of Generali group, had long since given up on the traditional holidays. A few boat trips and a few walks in the nearby mountains but nothing more: Perissinotto will spend most of the month of August in Trieste. For at least two good reasons: in the first place because the market emergency advises the top managers of all the large groups and in particular of the large insurance groups that have significant shares of government bonds in their portfolios to be on their guard. But the second reason that led Perissinotto to give up holidays away from Trieste is the development of negotiations with the Russians of Vtb Bank. As he was able to explain in the interview given to Firstonline on 23 May, Perissinotto plans to open up new spaces for Generali on the Russian policy market and the industrial agreement with the second largest bank in the country, Vtb Bank, is an opportunity to hit the target quickly. Generali aims to sell policies at the branches of the Russian bank but also through online banking and innovative marketing methods to which Perissinotto pays particular attention.
The chairman of the management board of Vtb, Kostin, has repeatedly said he is interested in growing also in the capital of Generali and in crowning the possible industrial agreement with a share agreement. Without closing the door to possible developments of the alliance in the pipeline, Perissinotto prefers to take one step at a time and for now focus the negotiations on the industrial plan of the joint. With regard to the Russians, Generali follows the same joint scheme already successfully tested with its Czech ally PPF, which represents the driving force of the Trieste-based company on Eastern European markets.
Obviously, there is still no certainty about the timing of the agreement, but if the Roman summit is successful, the joint project between Generali and Vtb will soon be brought to the board of directors of the Lion of Trieste.