VanEck expands in Italy with new hire

clock • 1 min read

US-based asset manager VanEck Investments is further expanding its business in Italy as part of the firm’s growth strategy across Europe.

The global asset manager has appointed Salvatore Catalano as associate director of International Business and Sales to support the firm’s expansion in the Italian market.

Before joining VanEck in November 2017, Catalano served as vice president at Sal Oppenheim or rather Deutsche Bank, where he managed high net worth individuals. Formerly, he worked at the British private banking business Coutts & Co, where he started as portfolio manager and worked then as private banker.

The appointment reinforces VanEck’s expansion strategy in Europe, and particularly in Italy, where the company entered nine months ago.

Philipp Schlegel, managing director of VanEck Switzerland, said: “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.

“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.”

Salvatore Catalano, associate director, added: “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.”