Neuberger Berman has signed a partnership agreement with Italian private bank Fideuram – Intesa Sanpaolo Private Banking SpA. This partnership brings Neuberger Berman’s UCITS fund range to the Fideuram and Sanpaolo Invest networks.
Neuberger Berman’s comprehensive fund range will be made available to more than 5000 Fideuram and Sanpaolo Invest private bankers and consists of Ireland-domiciled funds investing in equities, fixed income and liquid alternative strategies.
“This is a key milestone in our strategy in Italy which is a very important market for us,” says Dik van Lomwel (pictured), Head of EMEA and LatAm at Neuberger Berman. He adds, “We have a meaningful collaboration with Intesa Sanpaolo that started last year in May when we established a strategic partnership in private equity.
“We are delighted to be extending that relationship now to become a fund provider to their extensive distribution network. We believe this rewards the quality of our range, with products that can help Fideuram and Sanpaolo Invest private bankers to pursue their clients’ specific goals with solutions aiming to generate income, manage volatility and protect capital.”
Paolo Molesini, CEO, Fideuram – Intesa Sanpaolo Private Banking, says: “The partnership agreement with Neuberger Berman allows us to further strengthen the quality of our product range and is an important step in our ongoing search for value both for private bankers and clients. We are delighted to reinforce the relationship with this asset manager which has been selected, as usual, also for the valuable support it offers to our private bankers to help develop the knowledge of the products available to clients.”