Press Release
Intesa Sanpaolo Wealth Management selects Universal Investment Group as ManCo for its SICAV portfolio
Date:
28. August 2024
Luxembourg
- Corporate
Strategic partnerships with UI efa and Spuerkeess strengthen the collaboration for the Luxembourg-based mandate
Intesa Sanpaolo Wealth Management, the newly established Luxembourg wealth management branch of the Intesa Sanpaolo Group, has appointed Universal Investment Group as the new Management Company for its UCITS SICAV portfolio in Luxembourg. The partnership is strengthened by the collaboration with UI efa as the Central Administrator and the Luxembourg savings bank Spuerkeess as the Custodian. The SICAV portfolio has been successfully migrated to the Universal Investment platform.
As part of the Intesa Sanpaolo Group, Intesa Sanpaolo Wealth Management specialises in enhancing personal wealth assets. “Partnering with Universal Investment Group elevates our commitment to excellence and sustainable value creation. We are dedicated to upholding our standards of reliability and transparency as we continue to create tailored strategies that grow and safeguard our clients' wealth over the long term," said Marc Flammang, CEO of Intesa Sanpaolo Wealth Management.
“We are excited to have Intesa Sanpaolo Wealth Management join our Luxembourg platform,” said Marcus Kuntz, Area Head Sales & Fund Distribution at Universal Investment. “They bring a level of expertise and professionalism that is recognised worldwide, enhancing our ongoing ambition to serve asset managers and expand our footprint in Southern Europe and beyond. We are very much looking forward to growing together with ISPWM and propelling their success.”
About Intesa Sanpaolo Wealth Management
Intesa Sanpaolo Wealth Management S.A. (ISPWM), created on 1 January 2023, is the result of the merger between Fideuram Bank (Luxembourg) and CBP Quilvest. It is the new European hub of Fideuram - Intesa Sanpaolo Private Banking (FISPB), the Private Banking Division of the Intesa Sanpaolo Banking Group - a wholly owned subsidiary of Intesa Sanpaolo S.p.A. - which enables it to develop its international private banking activities from Luxembourg and through its branch in Belgium - Intesa Sanpaolo Wealth Management - Belgium Branch (with offices in Ghent and Brussels).