Giuseppe Amore

💡 Mediobanca is closing in on its €6.3B takeover of Banca Generali. Post-deal entity expected to manage €210 billion AUM (!) Regulatory clearance is expected by 18 August, just days before the 21 August shareholder vote. That’s a head start over rival Banca Monte dei Paschi di Siena, whose competing bid expires on 8 September. The deal would reinforce Mediobanca’s position in Italy’s €1.2T wealth management sector. It is projected to deliver €700 million in annual cost savings, with Mediobanca targeting 20%+ Return on Tangible Equity (ROTE). 🔴⚪ And in #Monaco? 🇲🇨 As the parent of CMB Monaco, Mediobanca’s expansion could mean new cross-border opportunities, broader deal flow, and enhanced UHNW client solutions right here in the Principality. To be continued... Source: https://lnkd.in/dJ9xn9v9 #WealthManagement #Banking #MonacoFinance #MergersAndAcquisitions #Finance

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Assicurazioni Generali SpA agreed to buy control of New York-based credit investment firm MGG Investment Group as the Italian insurer looks to expand in the private asset business. MGG provides senior secured loans and structured capital solutions to US mid-market businesses. It has more than $6 billion under management. Story by Pamela Barbaglia, Sonia Sirletti, and Reshmi Basu https://lnkd.in/eyNRNwhs #privatecredit #assetmanagement #insurance

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Monument partners with Firenze to expand Lombard loans with a $160 million credit facility #Monument Bank, a UK-based challenger bank, has announced a strategic partnership with #Firenze, a #fintech specializing in #Lombard lending solutions for wealth managers. Monument Bank has committed £160 million in funding to Firenze, enabling the fintech to expand its loan offerings beyond private banking clients to serve a broader range of wealth management customers. Founded by David Newman, who also serves as CEO, Firenze offers Lombard loans secured against liquid investment assets, providing flexibility through competitive interest rates without requiring changes to clients’ custody arrangements. The partnership with Monument Bank allows Firenze to meet the growing demand for liquidity solutions among non-bank wealth managers and their clients, further strengthening its position in the UK wealth management market. Wasim Khouri, Chief Commercial Officer at Monument Bank, emphasized that this collaboration aligns with the bank’s mission to deliver tailored financial solutions to mass-affluent clients. By making Lombard lending more accessible, Monument Bank and Firenze aim to empower clients with liquidity options that enable them to retain control over their investment portfolios while supporting their wealth preservation and growth objectives. The article on Finextra in the first comment.

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Improving Private Credit Investing in #WealthManagement According to a Mediobanca Private Banking analysis, the overlapping among underlying assets of #evergreen private credit funds (for example Blackstone ECRED, Apollo Global Management, Inc. AEPC) is very limited Investing this asset class by diversifying accross two o three top evergreen credit funds will improve risk adjusted returns As a consequence in the future Top Private Banks will provide access to two or more solutions for any given #strategy Mediobanca Mediobanca Private Banking #innovation #future

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Our new paper, “Today’s private credit opportunity” explores the rapidly evolving private credit market, which we anticipate will more than double in size by the end of the decade. We see innovation in private credit as a way to help both investors and the companies that fuel jobs, innovation and growth – continuing our decades-long mission to expand access to capital markets. https://1blk.co/4mPcDv2

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