New strategy to transform Generali’s asset management business for long-term value creation
- Asset management unit to broaden investment capabilities and enlarge product offering to reach €500bn of assets under management by 2020
- New target of €300million per annum for the net result of the asset management unit by 2020 adding €150million to the Group’s net profit
- New strategy to create the largest European multi-boutique insurance asset management platform
Tim Ryan, Group Chief Investment Officer and CEO of Asset & Wealth Management said: “With our current AuM of nearly €450 billion in Europe, we have a unique opportunity to internalise the management of a greater part of our existing assets and optimise our operations to lower costs. We will build an attractive multi-boutique platform bringing together existing and new, highly-specialised investment skills that will benefit from a strong centralised platform. Generali has deep expertise in insurance liability management and our new Insurance Solutions Team will be dedicated to address the specific needs of the €9 trillion of assets held across the European insurance industry. In addition, individual customers will benefit from a wider range of innovative investment solutions from our high conviction multi-strategy platform. Our new strategy will secure financial success of our clients and we aim to become the most trusted partner for their investments.”
Further details available here