The new venture will combine F-ISPB’s private banking expertise in Europe with Man Group’s investment solutions capabilities.

Fideuram – Intesa Sanpaolo Private Banking (“F-ISPB”) has identified Man Group as the right partner to further diversify its offering. The leading private bank in Italy and among the largest in Europe and Man Group, the global, technology-empowered active investment management firm, announce today a new strategic partnership designed to generate innovative new investment opportunities for F-ISPB’s clients.

The agreement will see Man Group take an initial 51% interest in Asteria, a Geneva-based, ESG-oriented asset manager, including its existing fund range, while 49% will remain to Fideuram – Intesa Sanpaolo Private Banking. The team at Asteria has a track record of developing innovative solutions for the wealth management space and already has three funds with sustainable investment objectives.