Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.
According to research by
Mediobanca
Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana, the largest commercial bank in Italy which promoted its incorporation together with Credito Italiano) ...
, Banca Sella Group was ranked
the 18th largest bank in Italy by total assets as of 17 January 2022.
History
Origins of Banca Sella
The story of Gruppo Banca Sella has its roots in 1886, when
Gaudenzio Sella, inspired by the principles of his uncle
Quintino Sella
Quintino Sella (; 7 July 1827 – 14 March 1884) was an Italian politician, economist and mountaineer.
Biography
Sella was born at Sella di Mosso, in the Province of Biella.
After studying engineering at Turin, he was sent in 1843 to study mi ...
, along with six other brothers and cousins, founded in Biella the Gaudenzio Sella & C., (the current Banca Sella Group), in order to "carry on trade as the banking discounts, advances, current accounts, buying and selling of securities, etc. ", as shown in the deed. The senior managers of the bank was newly appointed Gaudenzio Sella, who remained at the helm of the institute until his death.
Expansion
The first branches outside Biella date back to the late '30s (
Ponzone
Ponzone is a ''comune'' (municipality) in the Province of Alessandria in the Italian region Piedmont, located about southeast of Turin and about southwest of Alessandria. As of 31 December 2004, it had a population of 1,217 and an area of .All de ...
,
Trivero
Trivero (Piedmontese: ''Tarvè'') was a ''comune'' (municipality) in the Province of Biella in the Italian region Piedmont, located about northeast of Turin and about northeast of Biella.
Physical geography
Trivero bordered the following munic ...
,
Cossato
Cossato is a ''municipality'' in the province of Biella, Italy, in the northwest part of Piedmont, east of Biella. It has a population of about 14,804 and it spreads over an area of 27,74 km², which makes it the second largest town in the Pr ...
). In 1949 the bank changed its name becoming a ''
Società per azioni
''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961.
History and profile
''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...
'' (limited company) and the brothers
Ernesto Ernesto, form of the name Ernest in several Romance languages, may refer to:
* ''Ernesto'' (novel) (1953), an unfinished autobiographical novel by Umberto Saba, published posthumously in 1975
** ''Ernesto'' (film), a 1979 Italian drama loosely ba ...
and
Giorgio Sella Giorgio may refer to:
* Castel Giorgio, ''comune'' in Umbria, Italy
* Giorgio (name), an Italian given name and surname
* Giorgio Moroder, or Giorgio, Italian record producer
** ''Giorgio'' (album), an album by Giorgio Moroder
* "Giorgio" (song), ...
respectively assumed the position of chairman and CEO. In 1962 changed its name to Banca Sella S.p.A. In 1974, the death of Ernesto,
Giorgio Sella Giorgio may refer to:
* Castel Giorgio, ''comune'' in Umbria, Italy
* Giorgio (name), an Italian given name and surname
* Giorgio Moroder, or Giorgio, Italian record producer
** ''Giorgio'' (album), an album by Giorgio Moroder
* "Giorgio" (song), ...
became the Chairman; Chief Executive Officer was entrusted to
Maurizio Sella
Maurizio is an Italian masculine given name, derived from the Roman name Mauritius. Mauritius is a derivative of Maurus, meaning ''dark-skinned, Moorish''.
List of people with the given name Maurizio Art and music
* Maurizio Arcieri (born 1945), ...
, son of Ernesto.
Under the leadership of Maurizio Sella, Banca Sella spread throughout the country, up to more than 300 branches in the first decade of 2000.
Over the years the Bank has acquired small local institutions in the North East and South Italy, and have been established operating companies in various businesses such as leasing, consumer finance, asset management companies, non-life insurance. In 1992 Gruppo Banca Sella was found.
In 1997, it takes place the launch of internet banking services and in 2000 the brand .
On the death of Giorgio Sella (in 2000) Maurizio Sella became the chairman, while
Pietro Sella
Pietro is an Italian masculine given name. Notable people with the name include:
People
* Pietro I Candiano (c. 842–887), briefly the 16th Doge of Venice
* Pietro Tribuno (died 912), 17th Doge of Venice, from 887 to his death
* Pietro II C ...
(born in 1968) he became the CEO in 2002. (after the old "Banca Sella S.p.A." became "Banca Sella Holding S.p.A.", and the creation of new "Banca Sella S.p.A." as a subsidiary in 2006, they became the chairman and CEO of both the holding and the bank; in 2013
Donato Valz Gen was appointed as the CEO of the bank but not the holding)
On 1 January 2005 a new subsidiary
Banca Patrimoni e Investimenti was formed by the merger of
Sella Investimenti Banca (bank founded in Turin in 2001 and specializes in private banking customers) and
Gestnord Intermediazione.
Birth of Banca Sella Holding and recent history
As part of a restructuring of the group, on 1 January 2006 the
ldBanca Sella S.p.A. (
P.IVA 01709430027) was transformed into a financial holding company of the group and changed its name to Sella Holding Banca S.p.A., having conferred the banking business to a new subsidiary that it has taken so the name of
ew''Banca Sella S.p.A.'' (P.I. 02224410023).
On 1 April 2006 from the merger of
Fiduciaria Sella S.I.M.p.A. (dynamic trust founded in 1992, and specializes in individual asset management: asset management in funds and securities) in
Gestnord Fondi SGR SpA (born in 1983, and specializes in the collective management of assets: mutual funds, pension funds and
SICAV
A SICAV is a collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium, Malta, France, and the Czech Republic. SICAV is an acronym in French for ''société d'investissement à capital variabl ...
) born
Sella Gestioni SGR
Sella may refer to:
Places
* Sella, Alicante, a municipality in Spain
* Sella, Greece, a village in Greece
* Sella group, mountains in the Dolomites
* Sella River (Bay of Biscay), Asturias, Spain
* Sella River (Guam)
Other uses
* Sella (surnam ...
S.p.A. thus incorporating into one company the group's activities in asset management for retail customers.
In October 2006, for the acquisition of eight branches that Banca Sella held in the region of Veneto,
Banca Bovio Calderari
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
(an indirect subsidiary of the group via Bovio Calderari Finanziaria S.p.A.) assumes the new name of
Banca Sella Nord Est Bovio Calderari
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
(Sella North East – Bovio Calderari Bank). After the deals the group owned 80.03% shares of Bovio Calderari Finanziaria (BC Finanziaria), BC Finanziaria had a controlling interests in the new bank.
On 1 June 2007
Sella Gestioni SGR
Sella may refer to:
Places
* Sella, Alicante, a municipality in Spain
* Sella, Greece, a village in Greece
* Sella group, mountains in the Dolomites
* Sella River (Bay of Biscay), Asturias, Spain
* Sella River (Guam)
Other uses
* Sella (surnam ...
formed a new subsidiary,
Sella Capital Management SGR
Sella may refer to:
Places
* Sella, Alicante, a municipality in Spain
* Sella, Greece, a village in Greece
* Sella group, mountains in the Dolomites
* Sella River (Bay of Biscay), Asturias, Spain
* Sella River (Guam)
Other uses
* Sella (surnam ...
who was in charge of asset management for institutional clients.
On 12 November 2007
Banca Patrimoni Sella & C. was formed by the merger by absorption of
Sella Consult S.I.M.p.A. into
Banca Patrimoni e Investimenti; after the transaction the group owned 68.190% shares of the subsidiary, increasing from 56.114%.
In 2007 CBA Vita, a subsidiary of the group, with
HDI Assicurazioni
The Human Development Index (HDI) is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, whi ...
, creates InChiaro, a joint venture dedicated to ''bancassurance'' (insurance services that integrated with bank); in 2016 all shares held by Banca Sella Group in CBA Vita have been sold to HDI Assicurazioni.
On 31 March 2008, "Sella Holding Banca" changed its name to Banca Sella Holding S.p.A.. On 1 June 2008
Banca Sella Sud Arditi Galati (Sella South – Arditi Galati Bank) was found by the absorption of
Banca di Palermo
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
S.p.A. (a subsidiary of the group) and the branches of Banca Sella S.p.A. in Campania into
Banca Arditi Galati
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
S.p.A.
From 2008 to 2011 Banca Sella Group also had a minority interests in
Banca Monte Parma
Banca Monte Parma was an Italian regional bank, active in the provinces of Parma, Piacenza and Reggio-Emilia. In mid-2015 it was absorbed into the parent company.
History
The bank was founded in Parma in 1488 as ''Mons Pietatis Almae Civitatis P ...
, but was acquired by
Intesa Sanpaolo
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity s ...
after successive of net loss.
In April 2009 a new subsidiary ''Sella Servizi Bancari'' was formed in order to centralize the back office of the group.
On 30 May 2011 and on 1 October 2012
Banca Sella Sud Arditi Galati and
Banca Sella Nord Est Bovio Calderari
Banca may refer to:
Places
* Bangka Island, an island lying east of Sumatra, part of Indonesia
* Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France
* Banca, Tasmania, a locality in Tasmania, Australia
* ...
were absorbed into Banca Sella S.p.A.. As at 31 December 2010, the group owned 60.13% of Sella South – Arditi Galati Bank and 56.75% shares of Sella North East – Bovio Calderari Bank as at 31 December 2011.
The group bought the remaining minority interests from other investors.
Main group companies
The main companies in the Banca Sella Group are:
*Banca Sella Holding S.p.A. (parent company of the Gruppo Banca Sella);
**Banca Sella S.p.A. (100% stake);
**Banca Patrimoni Sella & C. (74.379% stake, bank specializing in the management of private and institutional clients);
***Family Advisory SIM Sella & Partners (family offices).
**Sella Gestioni SGR (96.066% stake, asset management);
**Biella Leasing (99.860% stake, financial leasing);
**Consel (67.432% stake, consumer credit);
**CBA Vita (life insurance, health and accident);
***InChiaro (49% stake, life insurance);
**Axerve (electronic payment systems, e-commerce);
*minority interests
**
Martin Maurel Sella - Banque Privée Monaco (45%)
References
External links
''Gruppo Banca Sella'' Official website(in Italian)
{{DEFAULTSORT:Banca Sella Holding
Banks of Italy
Banks established in 1886
1886 establishments in Italy
Companies based in Biella