Streamlined geographical structure for Insurance DivisionWoody Bradford will be appointed as CEO of Generali Investments Holding and Philippe Donnet, Generali Group CEO, will be appointed as Chair of the BoardThe Board of Directors of Generali, at a
The board of directors of Assicurazioni Generali Spa on Thursday approved a new organizational structure reflecting the group s core businesses, as proposed by Group CEO Philippe Donnet. As of June.
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Italy’s Banca Generali to Launch Bitcoin Custody Service in 2021
One of Italy’s leading private banks is to introduce a bitcoin custody service to its customers that will provide institutional-grade cold storage. The product will be introduced next year after Banca Generali invested $14M in crypto fintech Conio and acquired a controlling stake in the bitcoin wallet developer.
The news that an Italian bank is to grant its customers exposure to BTC arrives at a time when retail and institutional interest in bitcoin has been growing. Square (NYSE:SQ), whose Cash App supports bitcoin purchases, has used 1% of the company’s reserves to acquire the cryptocurrency for investment purposes. With PayPal (NASDAQ:PYPL) also now provisioning cryptocurrency purchases and custody, banks and digital payment companies have converged, and several are rumored to be setting their sights on direct acquisitions of crypto companies.