In partnership with asset manager BlackRock, Fideuram Intesa Sanpaolo Private Banking (FISPB), the private bank of the Intesa Sanpaolo Group, has started a new initiative to speed up the expansion of its digital wealth management offering in Italy and throughout Europe.
With the help of digital channels, FISPB intends to expand its market offering regionally and by providing competitive brokerage, hybrid advisory, and discretionary portfolio management services.
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Through this partnership with BlackRock, which is headed in Italy by Giovanni Sandri, Head of BlackRock Southern Europe, FISPB will broaden its digital offering using BlackRock’s wealth market knowledge, advanced technology capabilities, and vast investment expertise. This will enable clients to access an array of easily accessible investment offering.
The main purpose of both groups is to increase the channels accessible to assist clients in their investment journey. This will be accomplished by supporting clients in making the shift from saving to investing and by developing strategies that are specifically designed to suit individual financial objectives.
Moreover, the effort will start in Europe, with a focus on Belgium and Luxembourg, where the subsidiary Intesa Sanpaolo Wealth Management operates and has recognised potential growth opportunities.
Under the direction of CEO Carlo Messina, Intesa Sanpaolo has created a one-of-a-kind business model that includes a significant portion of commission earnings from wealth management & protection and is supported by modern digital solutions.
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By GlobalDataThrough a digital transformation process, FISPB has broadened its range of services in accordance with the Group’s 2022–2025 business plan.
Carlo Messina, CEO of Intesa Sanpaolo, stated: “This agreement is a perfect fit with our strategy based on the growth of our Wealth Management business and the development of new digital solutions. This collaboration with BlackRock will enable us to increase our European customer base by offering cutting edge solutions”.
Tommaso Corcos, head of Intesa Sanpaolo wealth management divisions, added: “We are excited about this new collaboration with BlackRock that gives us the opportunity to strengthen our plans in digital wealth management and expand further in Europe, a market with significant room for growth, where we can leverage our expertise, strength, and track record in savings and investment management”.
Rachel Lord, head of BlackRock International, shared: “I am delighted that BlackRock’s global investment expertise and market-leading technology capabilities will enable FISPB to accelerate the next phase of growth for their business. We look forward to helping them deliver for their clients in both existing and new markets and drive positive outcomes for a new generation of investors.”
