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Mediobanca Seeks Wealth Deals as Italian Consolidation Gains
Bloomberg
12/23/2020
Sonia Sirletti and Luca Casiraghi
(Bloomberg) Mediobanca SpA Chief Executive Officer Alberto Nagel is weighing acquisitions in wealth and alternative asset management as he seeks to retain the lender’s independence amid a quickening wave of consolidation in Italy.
The CEO, who has run Mediobanca since 2008, plans to grow in private banking, while shying away from some of the larger deals starting to take place in Italy.
“We are an exclusive members-only club and we’d like to keep it like that,” Nagel, 55, said in an interview.
© Bloomberg
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