Through partnership, FISPB plans to expand its digital offering by utilising BlackRock’s wealth market knowledge. Credit: TippaPatt/Shutterstock.

Fideuram Intesa Sanpaolo Private Banking (FISPB), an Italian private bank that is part of the Intesa Sanpaolo Group, has partnered with asset manager BlackRock to bolster its digital wealth management services in Italy and across Europe.

The collaboration is set to enhance FISPB’s market offerings through advanced digital channels.

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It aims to improve FISPB’s services, including brokerage, hybrid advisory, and discretionary portfolio management.

The initiative will commence in Europe, specifically targeting Belgium and Luxembourg, where Intesa Sanpaolo Wealth Management operates.

This move aligns with the Group’s 2022-2025 business plan, which includes a digital transformation process.

Intesa Sanpaolo CEO Carlo Messina said: “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.

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“This collaboration with BlackRock will enable us to increase our European customer base by offering cutting edge solutions.”

Through this alliance, FISPB intends to expand its digital offering by utilising BlackRock’s wealth market knowledge, advanced technology capabilities, and investment expertise. This will enable clients to access a comprehensive and easily accessible investment offering.

BlackRock International head Rachel Lord said: “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.”

As of 30 September 2024, FISPB managed €384.7bn in assets.