Mediobanca has unveiled Mediobanca Premier, a new bank specialising in wealth management and investment services for Italian households.

In a statement on 16 January, it said this initiative was "fundamental to the growth process launched by the Mediobanca Group and outlined in the 2023-26 Strategic Plan “One Brand-One Culture”, a priority objective of which is to further develop the Wealth Management division's business".

Mediobanca Premier combines and creates value from two of the Group’s distinguishing features, it said.

Mediobanca Premier aspires to become market leader in the medium-high market segment by developing an advisory and wealth management/protection offering featuring asset management products, plus a unique combined offering based Mediobanca's capital market and Corporate & Investment Banking products, that will be a distinguishing feature in the market.

The interaction between Mediobanca Premier and CIB will enable the products and services offering to be expanded and refreshed, in order to meet the financial needs of a clientele with increasingly sophisticated demands.

“Mediobanca Premier is a project with unique characteristics in Italy, on the back of the Group's expertise in Corporate & Investment Banking and its strong attachment to the values of excellence and specialization that have always been key components of Mediobanca's DNA”, said Alberto Nagel, Mediobanca CEO. “We're convinced that these, allied to the strengths of our people plus our rigorous and sustainable approach to banking, will drive growth for Mediobanca Premier and the Mediobanca Wealth Management division as a whole, which is one of the priority objectives of the Strategic Plan 2023-26 “One Brand-One Culture.”

"The launch of Mediobanca Premier is a key step in the development of our bank", said Gian Luca Sichel, CEO of Mediobanca Premier. “The progress we’ve made in recent years, coupled with the work we have done in terms of consolidating our management team, will enable us to face this new challenge with a strong foundation and determination. Today we are able to combine the solidity and excellence that have always distinguished the Mediobanca brand with the capabilities and innovation in wealth management in which we have continually invested over the years with CheBanca!. With Mediobanca Premier we are ready and motivated to become key players in the development of the wealth management industry in Italy.”

"Mediobanca Premier will continue to manage the €40bn of TFAs which our customers have trusted us with in these years, and will develop with the objective of becoming one of the most important players in the Premier segment for managing wealth of up to €5m,” said Lorenzo Bassani, general manager of Mediobanca Premier. “Strengthening synergies with all the Group Legal Entities, and with the Corporate & Investment Banking division in particular, for us means becoming a partner of choice not just for households and their savings, but for professionals and entrepreneurs as well. Our multi-channel service model, which combines strong human skills with technological innovation, allows us to work with outstanding partners to offer cutting-edge, bespoke solutions to meet our clients’ needs.”