Milan-based investment bank Mediobanca has launched a private banking division focused on high net worth individuals (HNWI).
It comes a week after the Italian bank announced the acquisition of a 69% stake in the Swiss investment manager RAM AI.
The new division, Mediobanca Private Banking, will count with a team of about 90 bankers that will be headed up by Angelo Viganò – who joins from Banca Esperia.
Mediobanca Private Banking’s head Angelo Viganò, said: “With Mediobanca Private Banking we intend to become the reference Italian private & investment bank. In fact, our customers are mostly entrepreneurs. This is why we intend to develop all possible synergies with the Group’s corporate & investment division, while ensuring that our customers benefit from Mediobanca’s expertise in M &A advisory as well as in debt and equity capital markets.”
Mediobanca also acquired earlier this year the Italian private bank Banca Esperia.