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Poste: "More savings, but no derivatives"

Safe products to offer to families who want to invest small sums with low risk margins but no derivatives, nor any type of high-risk product: this is how Poste Italiane wants to consolidate its role in the savings sector

Poste: "More savings, but no derivatives"

Poste Italiane will become increasingly strong in the asset management sector. The public company that only dealt with delivering letters and bills is now a distant memory. Today Poste is a multifunctional company, open to modernity and willing to get involved in a sector undergoing full transformation.

The CEO Francesco Caio, during an interview given to the newspaper Repubblica, leaves no room for doubt as to what the moves to be implemented in the near future of the company will be. To date, the company already manages 470 billion in savings, while current accounts and Banco Posta, born in the 2000s, continue to develop and gain a hold on customers. 

Now, according to the CEO of Poste, the time has come to make a leap in quality, directing small investors towards financial products that simultaneously guarantee safe management of family savings and limited exposure to risk.

No high-risk securities, no derivatives. Caio specifies it clearly. The aim is to exploit the experience gained with Anima and with the management of Poste Vita, to consolidate its role within a sector that has now become one of the pillars of the company.

The CEO also denies the circulating rumors relating to a possible intervention in Mps: “We will not carry out complicated operations in the strictly banking field. Let me explain: the hypothesis that we intervene in the shareholding structure of Monte dei Paschi does not exist”.

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