Digital Wealth Management: agreement with BlackRock to grow in Europe
Fideuram - Intesa Sanpaolo Private Banking (FISPB) will collaborate with BlackRock to develop a new Digital Wealth Management platform: the goal is to strengthen digital asset management activities and further expand into Europe, a market with significant growth potential, beginning with Belgium and Luxembourg.
More in detail, FISPB plans to increase its offering both geographically and through best-in-class brokerage, hybrid advisory and discretionary portfolio management services, delivered via digital channels.
The target of the agreement is the European private and affluent client base, beginning with the Belgian and Luxembourg markets, where the subsidiary Intesa Sanpaolo Wealth Management already operates and where attractive growth opportunities have already been identified.
“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”
Carlo Messina, CEO of Intesa Sanpaolo
Among the main benefits that Fideuram - Intesa Sanpaolo Private Banking will enjoy from the agreement with BlackRock:
- extensive investment expertise
- advanced technology capabilities
- deep knowledge of the wealth market
to support the customers transition from saving to investing, as well as tailored strategies to meet personalized financial goals.
Intesa Sanpaolo has developed a unique business model, characterized by a strong component of commission revenues from Wealth Management & Protection, supported by innovative digital solutions.
In line with the Group's 2022-2025 business plan, FISPB has expanded its offering thanks to a digital transformation process, with its wealth management platform Fideuram Direct which, from October 2022, offers direct investing in the financial markets.
With Assets Under Management (AUM) totaling €384.7 billion as of September 30, 2024, Fideuram - Intesa Sanpaolo Private Banking is the private bank of the Intesa Sanpaolo Group, a leader in Italy and among the main groups in Europe.
With Assets Under Management (AUM) totaling $11.47 trillion as of September 30, 2024, BlackRock is a global leader in asset management.
Last updated 11 November 2024 at 17:58:30
