Banca Finnat

Last updated
Banca Finnat
Type Public
BIT:  BFE
Industry Banking
Financial services
Founded1898 (1898)
HeadquartersPalazzo Altieri, Piazza del Gesù, 49 - 00186 Rome
Key people
Products Asset management, finance and insurance, investment banking, private banking, wealth management
Number of employees
316 (2015)
Website www.bancafinnat.it

Banca Finnat is a company that provides investment services to institutional, private and corporate customers; it is listed on the Italian Stock Exchange. The Bank's origins date back to 1898, when the company was founded by the Nattino family, initially as a finance company. [1] Banca Finnat then became a brokerage company, a real estate brokerage company and lastly, since 12 February 1998, an intermediary bank. Banca Finnat is today listed in the STAR section of the Borsa Italiana-London Stock Exchange. [2] [3] [4]

Contents

Organization

The key operating areas of Banca Finnat are asset management and financial consulting for private and corporate clients, besides real estate management services through the subsidiary InvestiRE SGR S.p.A. InvestiRE SGR S.p.A., a real estate fund manager, Banca Finnat manages 7 billion assets diversified on various products and markets.[ citation needed ]

Some history

The origins and history of Banca Finnat date back to 1898, when Pietro Nattino opened a financial business, which has been developed by the successive generations of the family to the present day. In 1961, Euramerica Finanziaria Internazionale was established following a partnership with Morgan Group. In 1991, after the enactment of the new Italian law on stockbroking companies, both Finnat and Euramerica were registered as Società di intermediazione mobiliare or SIMs. In 1998, the company became a bank, specialising in investment services for institutional clients, businesses and individuals.

Today, Banca Finnat is listed in the STAR segment of the Italian Stock Exchange-London Stock Exchange and offers investment services.[ citation needed ]

In February 2017 Giampietro Nattino left the office of president. [5] In March 2018 Banca Finnat decided to exit the London Stock Exchange, of which it had been a shareholder since 2007 following the merger of the London Stock Exchange with Borsa Spa: it was the last Italian banking partner. [6] In 2018 Flavia Mazzarella was appointed president, [7] [8] until 2021 when she was replaced by the new president: Marco Tofanelli. [9] After trying to acquire Cesare Ponti bank to grow in northern Italy, it updated the Business Plan until 2024 aiming to grow the subsidiary InvestiRE Sgr Spa, the real estate asset management company of the Group. [10]

Headquarters and major offices

Palazzo Altieri, the headquarters of Banca Finnat, was designed halfway through the 17th century by the architect Antonio De' Rossi, and subsequently decorated by several artists on the request of Pope Clement X. At the end of the 18th century the building became an important monument to the Roman and International Neoclassicism. It is still regarded today as a fine example of the Baroque architectural and artistic style. In the entrance hall of the Bank the frescoed ceiling portrays the "Apotheosis of Romulus", a piece by Domenico Maria Canuti. [11]

The Group also has offices in Rome, Milan, Novi Ligure and Lugano

Group subsidiaries

Associates

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References

  1. ↑ "I DUE FRATELLI ALLEATI DELL' IMI - la Repubblica.it".
  2. ↑ "Banca Finnat Stock Real Time Quotes | IT0000088853 - Borsa Italiana".
  3. ↑ "European Fund Selector".
  4. ↑ "Italy's Banca Finnat mulls selling LSE stake". Reuters . Archived from the original on 2022-04-19.
  5. ↑ "Banca Finnat, la Finanza sequestra 2,5 milioni a Nattino". 21 February 2017. Retrieved 23 May 2018.
  6. ↑ "La piccola Brexit di Banca Finnat: addio al London Stock Exchange". 28 March 2018. Retrieved 23 May 2018.
  7. ↑ "Banca Finnat, il board nomina Mazzarella presidente e conferma Nattino amministratore delegato". 27 April 2018. Retrieved 23 May 2018.
  8. ↑ "Banca Finnat, Nattino si dimette da presidente, cedola stabile". March 2017. Retrieved 23 May 2018.
  9. ↑ "Banca Finnat, CdA nomina Marco Tofanelli Presidente e Arturo Nattino Ad".
  10. ↑ "BANCA FINNAT: RIVEDE TARGET PIANO INDUSTRIALE, UTILE 2024 A QUOTA 5,4 MLN". 14 April 2022. Retrieved 14 April 2022.
  11. ↑ "GIAMPIETRO NATTINO, IL BANCHIERE DELLA TRADIZIONE e DELL'INNOVAZIONE - Specchio Economico".
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