• The transaction strengthens sustainable investment synergies, in line with the 2022-2024 Strategic Plan

Milan, 28 February 2023 – Banca Generali announces the acquisition of a 9.8% interest in MainStreet Partners, a London-based ESG rating and advisory company. This transaction allows to accelerate the 2022-2024 Strategic Plan’s strategy, consolidating the Bank’s sustainability positioning and expanding its ESG value proposition, as part of the boutique’s new growth process and new shareholding structure.

Banca Generali has become a shareholder of MainStreet Partners upon completion of the acquisition by the WealthTech Allfunds platform of a majority stake (65%) in the said company, thus enhancing shareholders’ synergies in terms of competencies and services.

The management team, headed by CEO Rodolfo Fracassi, will continue to hold a 25% interest in the company.

Since 2019, MainStreet Partners has been partnering with Banca Generali, including the development of the first platform in Italy that enables clients to select ESG managed solutions based on their contribution to the UN SDGs (Sustainable Development Goals). Today, MainStreet Partners is a benchmark for sustainable investment strategies and ESG scoring for both corporates and funds. This transaction is in line with the Bank’s strategic guidance as it fosters:

• stronger synergies in ESG analysis and rating strategies, thus expanding the ESG value proposition
• direct access to Allfunds-MainStreet Partners’ innovative services
• acceleration towards the three years Strategic Plan's target, which calls for a 40% ratio of ESG products to total managed solutions in 2024

Chief Executive Officer and General Manager Gian Maria Mossa stated: "We were the first in the Italian market to believe in the opportunity offered by an accurate portfolio ESG scoring and in the professional services offered by MainStreet Partners to complement our advisory model. Four years ago, together we launched our innovative platform to profile portfolios based on clients’ preferences in respect of the UN SDGs. Sustainable investment analysis has been greatly progressing ever since. We are pleased to have witnessed MainStreet Partners’ scaling-up to become an industry benchmark, with the international perspective offered by Allfunds. By acquiring a stake in its capital, we are enhancing our synergies in terms of ESG competencies while benefiting from the main trends and continuing to guarantee our stakeholders the best solutions and the best practices available on the market. The transaction accelerates our progress towards achievement of the Strategic Plan’s sustainability targets, which are a key part of our sustainable growth process."