Eurizon Capital (also known as Eurizon and Eurizon Asset Management) is an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

firm headquartered in Milan. It is the asset management division of

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 ...

, Italy's largest banking group. It is considered to be one of the largest

asset management companies Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

in Europe by assets under management.

History

The roots of Eurizon Capital can be traced back to the asset management division of Sanpaolo that was established near the end of 1983. In 2005, Sanpaolo IMI established the subsidiary unit, Eurizon Financial Group which would encompass it's insurance and asset management business. In August 2006,

Banca Intesa Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...

and Sanpaolo IMI agreed to merge to form Intesa Sanpaolo. During this time, there were plans to hold an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

of the Eurizon Financial Group unit but it was delayed. On 1 November 2006, Sanpaolo IMI Asset Management SGR changed its name to Eurizon Capital SGR after it was incorporated into the Eurizon Financial Group. In April 2007, Eurizon Financial Group acquired a 49% stake in Penghua Fund Management, a Chinese asset manager based in

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

. The other holder of the joint venture is

Guosen Securities Guosen Securities Company Limited ("Guosen Securities", "GSEC" or Chinese: 国信证券) is a Chinese state-owned financial services company headquartered in Shenzhen, China, with more than 70 branches and 11,500 employees nationwide. It has offi ...

that holds 50%. In June 2007, the plans to list the Eurizon Financial Group were scrapped and Intesa Sanpaolo decided to break it up into three businesses. Currently only Eurizon Capital retains the Eurizon brand name. In 2015, Eurizon Capital opened an office in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

and since then has continued to expand its presence in Europe afterwards by opening additional offices in

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...

and Zurich. On July 4, 2016, Eurizon Capital established Eurizon SLJ Capital Ltd. after acquiring SLJ Macro Partners LLP, a

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

based hedge fund that specializes in the

foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspec ...

. In 2018, Eurizon Capital decided to expand its business into

Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...

and started hiring more staff in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and China to support its operations. In December 2019, the subsidiary Eurizon Capital Real Asset SGR was set up to invest in

real assets Real Assets is an investment asset class that covers investments in physical assets such as real estate, energy, and infrastructure. Real assets have an inherent physical worth. Real assets differ from financial assets in that financial assets get ...

. In 2021, Poste Italiane through its subsidiaries, Poste Vita and BancoPosta Fondi SGR acquired a 40% stake in the subsidiary. Since 2012,

Andrea Beltratti Andrea Beltratti (born February 9, 1959, Turin, Italy) is professor at Bocconi University, director of the Executive Master in Finance - EMF at SDA Bocconi School of Management and Chairman of Eurizon Capital. He has been Chairman of the Managemen ...

has been the chairman of Eurizon Capital.

References

External links

* {{Major asset management companies Companies based in Milan Financial services companies of Italy Financial services companies established in 1983 Investment management companies of Italy Italian companies established in 1983