Generali finalizes its strategic partnership with Sycomore asset management
12 February 2019 - 16:00
Milan – Assicurazioni Generali S.p.A. (“Generali”) announces the closing of the acquisition of a majority stake in Sycomore Factory SAS, the controlling company of Sycomore Asset Management SA (“Sycomore”), having received the authorization of the relevant antitrust and regulatory authorities to the partnership proposed in September 2018.
The agreement is another step forward in the execution of Generali’s asset management strategy. The strategic partnership aims to offer substantial potential for revenue synergies; by partnering with Sycomore, the reference player for ESG / SRI investment solutions in France, Generali will be able to enrich its offering with innovative investment solutions, and to strengthen its focus and capabilities on sustainability and responsible investments for clients.
At the same time, the support of a large global group will accelerate Sycomore’s international expansion, and foster the development of tailored offerings towards retail and institutional clients.