Alleanza Assicurazioni and Banca Generali form alliance [Yahoo! Finance]
ASSICURAZIONI GENERLI ADR (ARZGY)
NASDAQ:AMEX Investor Relations:
generali.com/investors
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Source: Yahoo! Finance
The alliance aims to merge Alleanza's distribution network with Banca Generali's private banking and investment expertise. It will utilise Alleanza's network of 10,000 insurance advisors and 2,700 registered financial advisors to assist families with risk protection, savings management and investment diversification. With the partnership in place, Alleanza aims to grow its market presence and diversify its income sources. Banca Generali is expected to access new growth prospects in the affluent customer segment by tapping into Alleanza's distribution network and its 1.9 million clients. It will integrate the IT systems of both entities, incorporating generative AI, and aims to enhance the client onboarding process and strengthen customer relationships. Banca Generali CEO Gian Maria Mossa stated: “A new development path is opening for our bank, which has worked closely with the Group and Alleanza and now has the opportunity for providing our quality banking products and exte
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