Asset Management
Generali Streamlines European Asset Management Operations
The European firm has merged a German organisation into its business as part of a restructuring.
Italy-headquartered Generali has streamlined its
European asset management operations, merging its German business
with another entity.
Generali Investments Deutschland Kapitalanlagegesellschaft
has been merged with Generali Investments Europe. No jobs
will be affected by the change, Generali told this publication
when asked about the matter yesterday.
“We have now simplified our structures in Germany, aiming at
achieving better coordination across the company and serving our
internal and external German clients more efficiently,” said
Santo Borsellino, CEO of Generali Investments.
GID was an asset management company belonging to the Generali
Group, operating in Germany and acting as the management company
for third-party and Generali Group insurance portfolios. As of
year-end 2015, GID had about €33 billion ($37.3 billion)
of total assets under management.
Generali Investments will offer its German clients, and manage, a
range of investment solutions including UCITS and AIFMD-compliant
Germany-domiciled investment funds, such as Spezialfonds,
previously administered by GID as a Germany-based asset
management company.
Generali in total has around €431 billion of assets under
management (as of end of December 2015).
