All eyes on the new national asset management champion. The project to create a new major asset allocation pole between Anima Holding, Banca Aletti (Banco Bpm group), Poste Italiane and possibly Cassa depositi e prestiti (Cdp) continues and could soon cross the finish line upsetting the balance of the sector, now dominated by Generali and Intesa Sanpaolo.
The new hub project is a sign that the time has come for Mergers and Acquisitions (M&A) also for asset management, with large-scale operations that began with the sale of Pioneer by Jean Pierre Mustier's Unicredit to Credit Agricole through Amundi.
The search for larger dimensions and resource optimization is the basis of a process that is also affecting Italy, where savings have always been a very precious resource, and which can hold surprises.
Beyond the Anima-Banca Aletti-Poste-Cdp pole, the spotlights are also focused on Arca sgr, from which the exit from the shareholding of the Popular Bank of Vicenza need Veneto Bank, which hold 40% of the capital, after the transfer of the two disastrous Venetian banks a Intesa Sanpaolo, which is already very strong in asset management with Eurizon Capital.
It is probable that the other partners will strengthen in Arca, namely la Bper , Popular of Sondrio, but the games are not done yet.
Another novelty in the field of managed savings, as reported by the weekly "Milano Finanza", could soon arrive from Gold Management, the company of cooperative credit banks headed by Iccrea Banca and which is looking for a new structure that could lead to the entry of a new partner to choose from among national or international operators.
