Intesa Sanpaolo’s Wealth Management Divisions: the success of an integrated hub
29 September 2025
Intesa Sanpaolo’s Wealth Management Divisions are a key growth engine for the Group, with wealth management activities (including in the Banca dei Territori retail division) contributing 42% to Intesa Sanpaolo’s gross operating income. Demographic, social, and economic trends — together with the the importance of private savings to the Italian economy — make wealth management even more strategic.
To accelerate growth and provide unified oversight of the wealth management businesses, Intesa Sanpaolo created the Wealth Management Divisions hub, which brings together the Group’s product factories and the networks of financial advisors and private bankers: as of 30 June 2025, this hub managed €909 bn in assets, making the Group the market leader in Italy and a top player in Europe.
In the first half of 2025, the Divisions as a whole posted net operating income of €3.1 billion and a net income of €1.6 billion, with industry-leading profitability.
Key strengths of Intesa Sanpaolo’s Wealth Management & Protection business model include:
- fully-owned product factories
- distinctive advisory networks
- cutting-edge digital tools
“Today, Intesa Sanpaolo’s Asset Management, Insurance and Private Banking Divisions are ideally positioned to address new market trends. The expansion of advisory services to include Protection and Pension solutions, combined with production and distribution synergies and the Group’s bancassurance model — unique in Italy — delivers added value for clients, supported by digital infrastructures.”
Tommaso Corcos, Head of Intesa Sanpaolo Wealth Management Divisions
The Wealth Management Hub, overseeing the Group’s Wealth Management activities, aims to accelerate growth and strengthen Intesa Sanpaolo’s positioning in response to emerging market trends, such as:
- longer life expectancy and an aging population
- growing digital engagement among younger generations
- growing wealth inequality
- increasing use of technology in financial advisory services.
Division Highlights
Intesa Sanpaolo Private Banking:
- €813 million Net income in 1H25
- 6,940 financial advisory professionals
- leading private bank in Italy and third in the Eurozone
- €402 billion in assets under management (AUM)
- approximately 1.1 million clients
Intesa Sanpaolo Assicurazioni (insurance):
- €482 million Net income in 1H25
- over €8.3 billion in gross Life and Pension premiums
- market leader in Italy in Life, Open Pension Funds (Fondi Pensione Aperti) and especially Protection (coverage for family, property, business, and health) sectors
- Consistent growth in the Non-Motor Property & Casualty segment since 2014 (+22%)
Eurizon (asset management):
- €272 million Net income in 1H25
- Italy’s leading asset manager with a 20.8% market share
- €397 billion in assets under management (AUM)
- International presence in Asia, Europe and the UK.
These results (in Italian) were presented to the media on 29 September 2025 by Tommaso Corcos, together with Lino Mainolfi (CEO of Fideuram Intesa Sanpaolo Private Banking), Virginia Borla (CEO of Intesa Sanpaolo Assicurazioni), and Maria Luisa Gota (CEO of Eurizon).
Last updated 10 October 2025 at 16:37:33
