Generali: creates new asset management company
(CercleFinance.com) - Generali is creating a new asset management company, in which the Italian insurance giant will initially invest 1 billion euros.
The new unit, called ThreeSixty Investments, will be be headquartered in Milan and will be run by Giordano Lombardo, the former CEO of Pioneer Investments, a unit of UniCredit that was bought by France's Amundi in 2016.
The new venture will run its strategy and operations independently, Generali said.
It will develop multi-asset strategies, with an "innovative" investment process, to serve private and institutional clients around the world, it added.
Generali plans to invest 1 billion euros in ThreeSixty's first fund, as "strategic capital".
Since Generali started to roll out its asset management in 2017, the insurer has created or partnered with 8 boutiques and transformed its existing asset managers into four distinctive platforms.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The new unit, called ThreeSixty Investments, will be be headquartered in Milan and will be run by Giordano Lombardo, the former CEO of Pioneer Investments, a unit of UniCredit that was bought by France's Amundi in 2016.
The new venture will run its strategy and operations independently, Generali said.
It will develop multi-asset strategies, with an "innovative" investment process, to serve private and institutional clients around the world, it added.
Generali plans to invest 1 billion euros in ThreeSixty's first fund, as "strategic capital".
Since Generali started to roll out its asset management in 2017, the insurer has created or partnered with 8 boutiques and transformed its existing asset managers into four distinctive platforms.
Copyright (c) 2019 CercleFinance.com. All rights reserved.