INTESA SANPAOLO PRESENTS THE NEW DIVISION SET UP FOLLOWING THE INTEGRATION OF BANCA IMI INTO THE PARENT COMPANY
- A leading structure in Italy to support large companies with a strong international orientation
- A unique and distinctive business model based on: customer relations, high specialist skills, strengthening of international presence, excellence on Capital Markets, Investment Banking and Structured Finance products
- A new brand that looks to the future while maintaining a strong link with the history of a bank that has supported Italian companies from the post-war period to date
- Gaetano Miccichè, Mauro Micillo and Massimo Mocio will be Chairman, Head of Division and Head of Global Markets & Investment Banking (Deputy of the new Division), respectively.
Milan, 23 June 2020 – Gaetano Miccichè, Mauro Micillo and Massimo Mocio presented the new IMI Corporate & Investment Banking Division of Intesa Sanpaolo and the new brand in Milan today. The new organisational structure will be set up upon completion of the merger by incorporation of Banca IMI into Intesa Sanpaolo, planned in July.
The integration of Banca IMI into the Parent Company falls within the scope of Intesa Sanpaolo’s 2018-21 Business Plan as a key driver of its implementation. Already today, the undisputed leading Italian investment bank in the Capital Markets & Investment Banking sector is a key player for the achievement of the results across the entire Group.
The transaction, which will take place in full business continuity, represents a key step for the creation of the new IMI Corporate & Investment Banking Division. The new entity has its roots in the values that have given rise to the success of the “IMI model” over the years and intends to actively sustain and support Italy’s economic recovery.
In this context, the unique and distinctive business model of Intesa Sanpaolo’s CIB is borne out and further enhanced, based on the centrality of customer relations, which guarantees sector-wide coverage both for the business world and the public administration, and for financial institutions. Added to this is the further strengthening of an international presence consolidated over the years, through a network of corporate hubs and branches operating in 25 countries around the world, capable of guiding and assisting customers in activities outside national borders. Finally, the new IMI Corporate & Investment Banking Division will continue to be a centre of excellence on Capital Markets, Investment Banking and Structured Finance products.
The new Division has also decided to maintain a clear reference to Banca IMI within its own brand as well, in order to underline how the integration is the continuation of a path of excellence that began several years ago and which today is further strengthened, with the aim of best tackling the challenges that can only be overcome by structures geared towards the future but with a solid history behind them.
The establishment of the new IMI Corporate & Investment Banking Division will enable the Intesa Sanpaolo Group to serve its corporate customers, the public administration and financial institutions even more effectively, by leveraging a unique business model, specialist skills and top-level professionalism and a brand which represents Italian excellence in the Capital Markets & Investment Banking sector and tells a story made up of core values and long-lasting success.
Corporate & Investment Banking and Governance Areas
Last updated 23 June 2020 at 11:30