Gian Maria Mossa, CEO of Banca Generali
Banca Generali, close to the target for the whole of 2021, already revised upwards
In November net inflows of Banca Generali touched 810 million from 406 million a year earlier and from 560 million in October. Year to date the overall figure amounts to 6.8 billion from 5 billion a year ago: so close to the target for the whole of 2021 which had already been revised upwards, the institute underlines.
“The flows were directed almost entirely towards managed or administered solutions, confirming the excellent quality of the data in addition to the volumes”, specifies a note. The managed solutions reached 4.6 billion up by 88%, representing 67% of the total against 48% last year. The volumes in Advanced Consulting amounted to 7.1 billion (+ 22% on the year).
Commenting on the numbers of the collection, Gian Maria Mossa, chief executive officer and general manager of Banca Generali, said: “Un another month of strong harvest that propels us towards new records of flows. The size of managed deposits reflects the centrality of our advisory model which manages to accompany savers on long-term planning and protection choices, overcoming the obstacle of liquidity stuck in the accounts, at the mercy of inflationary pressures. While there is some uncertainty surrounding the evolution of the pandemic, we look forward to the next few weeks with optimism to better close what looms as the best year in the history of the bank with results exceeding our own expectations’
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