AUM at a new record (57.5 bn)
Solid capital position (CET 1 at 17,5%, TCR at 19%)
The Board of Directors of Banca Generali approved 2018 results
Banca Generali's CEO, Gian Maria Mossa, commented: We are highly satisfied with this very solid result as the strength of all recurring items bears witness to the validity and sustainability of our business model. In a year of severe volatility, which had an impact on variable
revenues, we succeeded not only in expanding our assets and customer base, but also in laying the groundwork for future growth, by signing two M&A deals and striking an important partnership with Saxo. We expanded our investment solution range making it more distinctive and competitive. We also launched numerous new cutting-edge projects and nearly doubled our assets under advisory, drawing increasing interest to our wealth management services and thus strengthening our relationships with entrepreneurs. Despite the prudent approach required by global economy and the uncertainties on the future geopolitical scenario, we continue to record a dynamic demand thanks to our quality and professionalism. This makes us confident in our ability to continue to grow and gain market share in the investment sector.