Banca Generali Private, the private banker network of the Italian private bank Banca Generali, will distribute the Ucits thematic funds of Decalia Sicav, which are managed by Decalia Asset Management.
The agreement appoints Banca Generali Private as the placement agent for Decalia Sicav in Italy through Allfunds Bank while places Decalia's thematic equity funds in the range of products available to the network of private bankers and wealth managers of Banca Generali Private. Decalia's thematic equity funds are registered under Luxembourg law, and authorised and distributed in Italy.
The range of Decalia theme funds dedicated to consumer trends includes the global Decalia Circular Economy equity fund, which is the world's first Ucits equity fund totally dedicated to the theme of the Circular Economy; Decalia Millennials, which invests in the disruptive consumer behaviour of the Millennials generation, and the European Decalia Silver Generation equity fund, a strategy linked to the trend of longevity in Europe.
This step represents a strong acceleration of Decalia's mission for financial advisory in Italy."
Xavier Guillon, partner of Decalia and head of Decalia Funds, said: "This is the first step in a long-term relationship. We appreciate the opportunity to share the investment themes of the Circular Economy, Millennials and Longevity with the network of Banca Generali Private.
Jurgen Mahler, sales director of Decalia Asset Management SIM, added: "This step represents a strong acceleration of Decalia's mission for financial advisory in Italy."
Following the deal, Banca Generali Private joins the group of asset managers already distributing Decalia's funds on the Italian retail market, formed by Banca Albertini, BIM Private Bank, Banca Leonardo, Banca Profilo, Online SIM, Invest Banca (and other sub-investors appointed by the Allfunds Bank, MFEX and Online SIM platforms).