Eurizon Capital, the asset management arm of of Intesa Sanpaolo Group, Eurobank and Eurobank Asset Management, a wholly owned subsidiary of Eurobank, have signed a Memorandum of Understanding.
The MoU lays the foundations of a partnership where Milan-headquartered Eurizon will make its products available into the Greek market and will "leverage on its business model" to strengthen Eurobank Asset Management's offering extending portfolio management services to Eurobank's clients.
Maria Luisa Gota (pictured), chief executive officer of Eurizon Capital said: "To enter the Greek market with Eurobank AM is a further step to increase both Eurizon strategic business growth and brand awareness in Europe.
"We are really proud to start a partnership with a strong company, leader in its country, to leverage our combined expertise, offering innovative financial solutions and expanded portfolio management services to local clients.”
Theofanis Mylonas, Eurobank’s general manager & head of wealth management said: "The strategically important new alliance with Eurizon underlines the Group's commitment to expand its activities in the asset management segment.
"This partnership comes at a time that the Greece’s economy is expanding, and wealth management is at the forefront of the investors interest. Hence, sharing this vision with a global investment manager will definitely create significant synergies and build on the global momentum of both entities.”
