CheBanca!, the multichannel bank of Mediobanca Group, has reached an agreement with Russell Investments to distribute the full range of funds of the global investment solutions provider in the Italian market.
Russell Investments has been active in the Italian market for almost 20 years, offering its multi-asset solutions and investment services such as fiduciary, overlay and transition management to retail and institutional investors. Globally, the company manages €261bn in assets.
Chebanca! was established in 2008 and has a nationwide network of more than 100 branches in Italy, together with a network of more than 365 financial advisors. It provides savings and investment services to more than 875,000 customers, looking after assets of € 25.8bn.
Massimo D'Onghia, sales director of Russell Investments in Italy, said: "We are delighted to be collaborating with Chebanca! to extend our range of outcome-based investment solutions to its clients.
"Russell Investments has a proven track record of helping investors reach their investment objectives, through our range of multi-asset solutions, backed by extensive manager research and asset classes capabilities. This agreement further strengthens our existing presence in the Italian retail market - a key strategic focus for us."