MILAN, July 11 (Reuters) - Thanks to cost-saving investments in technology, Intesa Sanpaolo (ISP.MI) plans to grow its market share in wealth management without having to make any acquisitions, Chief Executive Carlo Messina said on Tuesday.
Presenting a new digital financial advisory service for private banking customers, weeks after launching the group's new digital bank for mass-market clients, Messina said Intesa was increasingly acquiring fintech features.
In a similar fashion, Intesa said it was lunching Fideuram Direct, using technology to serve younger and less demanding private banking clients.
"We can imagine for example the son of one of our private banking customers as a Fideuram Direct customer," he said.
Fideuram Direct, the new digital service, has already 60,000 clients and 2.5 billion euros in AUMs, Intesa said.
Persons:
Intesa, Carlo Messina, Messina, Tommaso Corcos, Corcos, Valentina Za, Alvise Armellini, Keith Weir
Organizations:
MILAN, Thomson
Locations:
AUMs