Plus   Neg

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
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT