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VanEck expands in Italy with new hire


US-based asset manager VanEck Investments has announced that it is expanding its business activities in Italy as part of the firm’s broader growth strategy in Europe.

To support the firm’s expansion in the Italian market VanEck has appointed Salvatore Catalano as Associate Director of International Business and Sales.

The firm writes that Catalano has extensive experience in various European markets, with expertise in the areas of both portfolio management and private banking to the job.
The appointment marks the continuation of VanEck’s expansion strategy in Europe. The firm, which has been family-operated since 1955, entered the Italian market nine months ago, and has steadily expanded its business activities ever since.

“The Italian market, being one of Europe’s core markets, is of key significance for us. In addition to our recent focus on digital currencies, this expansion is a major step forward for us following VanEck’s market entry into Italy last year and several UCITS ETF launches on European stock exchanges in 2017,” says Philipp Schlegel, Managing Director of VanEck Switzerland. “We are delighted to have found such a seasoned expert in Salvatore Catalano who knows how to combine the international perspective with European specificities and insights into the Italian market.”

“I am proud to join VanEck and can think of few other places that would be as well suited for putting my 18 years of professional experience with various European banks and financial institutes to work. The Italian market has always been close to my heart. This makes me all the more appreciative of the fact that the listed ETFs of VanEck perfectly match the needs of institutional Italian investors,” says Catalano.

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