Generali Investments asset management business will be split into two asset management companies, which will operate under Generali Investments Holding.
The businesses were split into Generali Insurance Asset Management and Generali Investments Partners.
The reorganisation is primarily driven by the intention to align Generali Investments’ business with the requirements of the investors.
The Generali Insurance Asset Management S.p.A. Società di gestione del risparmio (GIAM) will offer Liability Driven Investment (LDI) solutions for insurance and pension funds portfolios.
Led by Santo Borsellino as CEO, the company will also provide various proprietary analysis tools for LDI management.
The other company Generali Investments Partners S.p.A. Società di gestione del risparmio (GIP) aims to drive growth through serving third party clients and assets under management. It will be led by Carlo Trabattoni as CEO.
GIAM CEO Santo Borsellino said: “Deep understanding of our clients’ liability constraints, expert knowledge of markets and volatility, our risk management approach embedded in our investment process and a relentless attention to efficiency gain, will help us building on our existing market footprint to grow in the LDI segment.”
GIP CEO Carlo Trabattoni said: “Clients are asking asset management companies to develop innovative investment solutions aimed at addressing specific investment needs.
“GIP is specialised in managing portfolios based on diversified unconstrained strategies, leveraging both internal and external expertise through the multi-boutique approach.”