logo
Plus   Neg
Share
Email

Generali Group To Create Asset Management Company Based In Milan - Quick Facts

The Generali Group (GDEUF.PK,GE1G) announced its first Italian boutique with a strategic partnership aimed at launching a new asset management company. The partnership, which will be called ThreeSixty Investments, is established between the Generali Group (which holds the majority of the capital through Generali Investments Holding S.p.A.), and a team of highly experienced investment professionals, led by Giordano Lombardo, former CEO of Pioneer Investments. The Generali Group will invest 1 billion euros in the first fund of ThreeSixty Investments, as strategic capital.

The new asset management company will be headquartered in Milan and operate, once obtained the due licenses, as an asset management company (società di gestione del risparmio) under Italian law.

Since the company's roll out its Asset Management strategy in 2017, Generali has created or partnered with 8 boutiques and transformed its existing asset managers into 4 distinctive platforms.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The CEO of German engineering giant Siemens AG criticized U.S. President Donald Trump as becoming the "face of racism and exclusion" following his alleged racist comments targeting four progressive Democratic Congresswomen recently. "It depresses me that the most important political office of the world will be the face of racism and exclusion," Joe Kaeser said in a Twitter post in German. Volvo Cars issued a recall for 507,000 vehicles worldwide, citing a risk of fire due to a faulty engine component. The Swedish automaker reportedly said it has received reports of a small number of cars catching fire, but no one has been injured. The recall could affect certain vehicles produced during the period from 2014 to 2019 and having two-liter, four-cylinder diesel engines. Auction house Sotheby's said on the 50th anniversary of the Apollo 11 lunar landing, it has auctioned the three original videotape recordings depicting the event for $1.82 million in New York. The price is more than 8,000 times the price paid for the tapes by then-NASA intern Gary George at a government surplus auction in 1976. Apollo 11 was the spaceflight that first landed humans on the moon.
Follow RTT