There's a new CEO in charge of the wealth manager's Italian business.

Indosuez Wealth Management has named Bonaventura Canino as its new Italy chief executive, taking the helm from Marco Migliore who is moving to a new role at the firm.

Canino will report Olivier Chatain, CEO for Indosuez Wealth Management Europe.

Indosuez WM is part of the France-based Crédit Agricole Group. Canino, who joined CA in Italy in 2000, has held various management positions within Crédit Agricole Corporate & Investment Bank, including executive director of structured finance, head of telecom finance, and senior banker since 2007. In 2021, he was appointed head of credit structuring, private markets and led Crédit Agricole group’s coverage of Indosuez Wealth Management in Italy. 

The firm said that Migliore had completed his "mandate in Italy" and would move to a new role, but added no details. 

Earlier this year this news service spoke to Indosuez Wealth Management about the work it does with external asset managers – an important segment in markets such as Switzerland and Singapore.