Intesa Sanpaolo Wealth Management, the newly established Luxembourg wealth management branch of the Intesa Sanpaolo Group, has appointed Universal Investment Group as ManCo for its UCITS SICAV portfolio in Luxembourg. UI efa will act as central administrator, and the Spuerkeess, a Luxembourg-based savings bank, as the custodian. The SICAV portfolio has been migrated to the Universal Investment platform.
Intesa Sanpaolo Wealth Management S.A. (ISPWM) is the result of the merger between Fideuram Bank (Luxembourg) and CBP Quilvest. It is the new European hub of Fideuram – Intesa Sanpaolo Private Banking (FISPB), the private banking division of the Intesa Sanpaolo Banking Group, a wholly owned subsidiary of Intesa Sanpaolo S.p.A.