Eurizon Capital (also known as Eurizon and Eurizon Asset Management) is an

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

firm headquartered in Milan. It is the asset management division of

Intesa Sanpaolo Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...

, Italy's largest banking group. It is considered to be one of the largest asset management companies in Europe by

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

History

The roots of Eurizon Capital can be traced back to the asset management division of Sanpaolo that was established near the end of 1983. In 2005, Sanpaolo IMI established the subsidiary unit, Eurizon Financial Group which would encompass it's insurance and asset management business. In August 2006,

Banca Intesa Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become ...

and Sanpaolo IMI agreed to merge to form Intesa Sanpaolo. During this time, there were plans to hold an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

of the Eurizon Financial Group unit but it was delayed. On 1 November 2006, Sanpaolo IMI Asset Management SGR changed its name to Eurizon Capital SGR after it was incorporated into the Eurizon Financial Group. In April 2007, Eurizon Financial Group acquired a 49% stake in Penghua Fund Management, a Chinese asset manager based in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

. The other holder of the joint venture is Guosen Securities that holds 50%. In June 2007, the plans to list the Eurizon Financial Group were scrapped and Intesa Sanpaolo decided to break it up into three businesses. Currently only Eurizon Capital retains the Eurizon brand name. In 2015, Eurizon Capital opened an office in

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

and since then has continued to expand its presence in Europe afterwards by opening additional offices in

Croatia Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herze ...

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

Madrid Madrid ( ; ) is the capital and List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It i ...

Slovakia Slovakia, officially the Slovak Republic, is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the west, and the Czech Republic to the northwest. Slovakia's m ...

and

Zurich Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...

. On 4 July 2016, Eurizon Capital established Eurizon SLJ Capital Ltd. after acquiring SLJ Macro Partners LLP, a

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

based hedge fund that specializes in the

foreign exchange market The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, ...

. In 2018, Eurizon Capital decided to expand its business into Asia-Pacific and started hiring more staff in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and China to support its operations. In December 2019, the subsidiary Eurizon Capital Real Asset SGR was set up to invest in

real assets Real assets is an investment asset class that covers investments in physical assets such as real estate, energy, and infrastructure. Real assets have an inherent physical worth. Real assets differ from financial assets in that financial assets ge ...

. In 2021,

Poste Italiane Poste Italiane (, , abbr. PT) is the Italy, Italian postal service provider. Besides providing postal services, Poste Italiane offers communications, Postal savings system, postal savings products, logistics, and Financial services, financial a ...

through its subsidiaries, Poste Vita and BancoPosta Fondi SGR acquired a 40% stake in the subsidiary. Since 2012, Andrea Beltratti has been the chairman of Eurizon Capital.

References

External links

* {{Major asset management companies Companies based in Milan Financial services companies of Italy Financial services companies established in 1983 Investment management companies of Italy Italian companies established in 1983 Asset management companies