M&G Investments has struck a deal with Deutsche Bank in Italy to ensure distribution of its funds via the German banking group’s network of subsidiaries, private bankers and some 1,500 financial advisers across the local market.
The deal will see broader distribution of M&G’s range of retail funds, including its multi-asset M&G Income Allocation, Dynamic Allocation and Prudent Allocation funds.
Matteo Astolfi (pictured), Country Head Italy di M&G Investments, said: “We are delighted to be able to work with Deutsche Bank. The agreement allows us to become an important partner of the bank and is a further step towards the strengthening of our presence in Italy.”
This is the latest in a string of deals that the UK manager has struck with financial institutions to increase its presence in Italy.
In June it teamed up with Banca Generali to distribute its retail range of mutual funds to the customers of the private bank in Italy.
And in April it strengthened its existing collaboration with with Fideuram – Intesa Sanpaolo Private Banking and joined forces with Allianz Bank Financial Advisors and Banca Aletti, to distribute its mutual funds to customers of the three banks in Italy.