Type | Subsidiary |
---|---|
Industry | Investment Management |
Founded | December 22, 1983 |
Headquarters | |
Key people | Andrea Beltratti (Chairman) [1] Saverio Perissinotto (CEO) |
AUM | €392 billion (Q2 2022) |
Parent | Intesa Sanpaolo |
Subsidiaries | Penghua Fund Management |
Website | www |
Footnotes /references [2] |
Eurizon Capital (also known as Eurizon and Eurizon Asset Management) is an asset management firm headquartered in Milan. It is the asset management division of Intesa Sanpaolo, Italy's largest banking group. It is considered to be one of the largest asset management companies in Europe by assets under management. [3] [4]
The roots of Eurizon Capital can be traced back to the asset management division of Sanpaolo that was established near the end of 1983. [2] [5] [6]
In 2005, Sanpaolo IMI established the subsidiary unit, Eurizon Financial Group which would encompass it's insurance and asset management business. [7]
In August 2006, Banca Intesa and Sanpaolo IMI agreed to merge to form Intesa Sanpaolo. [8] During this time, there were plans to hold an initial public offering of the Eurizon Financial Group unit but it was delayed. [9]
On 1 November 2006, Sanpaolo IMI Asset Management SGR changed its name to Eurizon Capital SGR after it was incorporated into the Eurizon Financial Group. [10]
In April 2007, Eurizon Financial Group acquired a 49% stake in Penghua Fund Management, a Chinese asset manager based in Shenzhen. [11] [12] The other holder of the joint venture is Guosen Securities that holds 50%. [11] [12]
In June 2007, the plans to list the Eurizon Financial Group were scrapped and Intesa Sanpaolo decided to break it up into three businesses. [13] Currently only Eurizon Capital retains the Eurizon brand name.
In 2015, Eurizon Capital opened an office in Paris and since then has continued to expand its presence in Europe afterwards by opening additional offices in Croatia, Frankfurt, Hungary, Luxembourg, Madrid, Slovakia and Zurich. [5] [14]
On July 4, 2016, Eurizon Capital established Eurizon SLJ Capital Ltd. after acquiring SLJ Macro Partners LLP, a London based hedge fund that specializes in the foreign exchange market. [15]
In 2018, Eurizon Capital decided to expand its business into Asia-Pacific and started hiring more staff in Hong Kong and China to support its operations. [16] [17]
In December 2019, the subsidiary Eurizon Capital Real Asset SGR was set up to invest in real assets. [18] In 2021, Poste Italiane through its subsidiaries, Poste Vita and BancoPosta Fondi SGR acquired a 40% stake in the subsidiary. [19]
Since 2012, Andrea Beltratti has been the chairman of Eurizon Capital. [1]
Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. The next year, the banking group merged with Banca Commerciale Italiana to become IntesaBCi, but the name of the group was reverted to Banca Intesa in 2003. In 2007, Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo, one of few domestic, systemically important banks of Italy.
Intesa Sanpaolo Bank Albania was created in 2008 from the merger of two important Banks of the country Banca Italo-Albanese and the American Bank of Albania, both acquired from Intesa Sanpaolo Group.
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.
Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessors originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.
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Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A..
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. 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.
Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007.
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Fondazione Cassa di Risparmio di Padova e Rovigo is an italian philanthropic organization formed in 1991. It was formed by separating the Cassa di Risparmio di Padova e Rovigo into two separate entities: a limited company that offers banking services and a banking foundation which holds a stake in the bank capital.
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Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM). The bank is the third largest retail and corporate banking conglomerate in Italy, behind Intesa Sanpaolo and UniCredit. The bank had dual headquarters in Verona and Milan respectively.
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