Generali reorganises business structure ahead of new strategic plan
MILAN, April 18 (Reuters) -Italy's top insurer Generali GASI.MI said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle.
The company, which is on track to meet all the key financial targets in its current three-year plan ending in 2024, is working on a new strategic plan to be unveiled in early 2025.
Under the new structure, effective from June 1, Generali will operate as a diversified financial group focused on Insurance and Asset Management divisions, it said in a statement.
The DACH (Germany, Austria and Switzerland) and International business units will be reorganised as part of the new Insurance division, led by Giulio Terzariol, which will drive the development of the insurance business in all regions.
Generali Investment Holding (GIH) will replace the current Asset and Wealth Management business unit and will oversee all the group's global asset management activities with the exception of a few, namely those in China.
Earlier this month, Generali completed the acquisition of U.S. asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding 2882.TW, in an asset swap with no cash component. Cathay Life became a shareholder in GIH with a stake of around 16.75%.
Woody Bradford, the current CEO of Conning, will be appointed Chief Executive Officer of GIH, while Generali's CEO Philippe Donnet will be appointed chair of GIH's board.
Banca Generali BGN.MI, the insurer's private bank, will remain outside GIH, and will continue to focus on financial advisory services and wealth management.
Giovanni Liverani and Carlo Trabattoni, currently heads of DACH and Asset and Wealth Management respectively, will take on new roles within the group. Jaime Anchustegui, currently CEO of the International division, will become deputy CEO of the Insurance division.
Reporting by Gianluca Semeraro; Editing by Mark Potter
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
