FinecoBank

#1648

Rank

$9.15B

MarketCap IT

IT Italy

Country

Summary
FinecoBank Banca Fineco S.p.A. provides banking and investment products and services. The company operates through Banking, Brokerage, and Investing segments. The company offers banking services, including current account and deposit services, payment services, mortgages, and personal loans, as well as debit, credit, and prepaid cards; and brokerage services comprising order execution services on behalf of customers with direct access to global equity markets, as well as to trade on currencies, indices, shares, bonds, commodities, futures, options, bonds, ETFs, and certificates. The company also provides asset management services, such as placement and distribution services of various products, including mutual funds and SICAV sub-funds, and insurance and pension products, as well as investment advisory services. It serves primarily through a network of personal financial advisors, and online and mobile channels. As of December 31, 2021, the company operated 424 financial shops. The company was founded in 1999 and is based in Reggio Emilia, Italy.

History

Predecessors

The predecessor of Fineco was a financial institution known as GI-FIN S.r.l. in 1982 and then GI-FIN S.p.A. from October 1982. In 1983, the institution was incorporated as Istituto per le Cessioni del Quinto S.p.A. , which later known as Novara ICQ S.p.A.:?665? and then ICQ Banca Cisalpina S.p.A.. ICQ Banca Cisalpina was a subsidiary of Banca Popolare di Novara . In 1990–91, BP Novara owned 51.21% shares of ICQ Banca Cisalpina.:?665?:?126? ICQ Banca Cisalpina was also a listed company, which was delisted in 1996 by its new owner Banca Popolare di Brescia .In 1999, Bipop merged with Cassa di Risparmio di Reggio Emilia to form Bipop Carire. As of 1990, Banca Popolare di Brescia also partially owned the namesakes Fin-Eco Leasing and Fin-Eco Factoring .:?125? As of 1994, Bipop owned the aforementioned companies via an intermediate holding company Fin-Eco Holding. The Holding also owned another subsidiary Fin-Eco SIM. Bipop also attempted to acquire another namesake Cisalpina Gestioni in 1994.After the 1999 merger, the banking group re-organized ICQ Banca Cisalpina as well as Fin-Eco Leasing and Fin-Eco Factoring.

FinecoBank

ICQ Banca Cisalpina was renamed to "Fin-Eco Banca ICQ S.p.A." in 1999, which was considered as the launch date of the current Fineco. In 2002, Bipop Carire and Fineco became part of Capitalia banking group. In 2007, Capitalia was absorbed into UniCredit banking group, while Fineco was kept as a separate subsidiary.

In 2014 FinecoBank started its initial public offering. In 2016 UniCredit sold a further 30% shares to public market. In May 2019, UniCredit sold another 17% shares of FinecoBank. As UniCredit owned 18% shares of FinecoBank after the transaction, FinecoBank is no longer an associate company of UniCredit.In 2020, Fineco decided to spend 7 million euros on a marketing campaign to grow its services in UK, whose launch was authorised earlier in the same year.FinecoBank Banca Fineco serves customers in the United Kingdom and Italy.UniCredit sold its remaining stake in FinecoBank in 2019.


Mission
Our mission is to provide innovative and modern banking services to all of our customers, both in terms of their daily operations, investments, and savings. We strive to provide innovative solutions that embrace the ever-changing trends in financial services.

Vision
Our vision is to be the No.1 trusted financial institution in Europe. We aim at providing the best and most comprehensive customer experience and satisfaction for our customers.

Key Team

Mr. Silvio Puchar (Chief Compliance Officer)

Mr. Andrea Pepe (Head of Legal & Corp. Affairs)

Mr. Paolo Di Grazia (Deputy GM & Head of Global Bus.)

Franca Cavalieri D'Oro (Co-Head of Investor Relations)

Mr. Mauro Albanese (Deputy GM and Head of Network PFA & Private Banking)

Gianluca Fontanella (Co-Head of Investor Relations)

Patrizia Verdesca (Head of Internal Audit)


Recognition and Awards
In 2020, FinecoBank was named the 'European Bank of the Year' by The Banker magazine, as well as 'Best Private Banking Group in Europe' by Euromoney. We were also named 'Best Investment Bank' by Financial Times in 2019.

References
FinecoBank
Leadership team

Ms. Lorena Pelliciari (Chief Financial Officer)

Mr. Alessandro Foti (CEO, GM & Exec. Director)

Mr. Fabio Milanesi (Deputy GM and Head of It, Operations & Customer Care)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Milano, Lombardia, Italy
Established
1999
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
FBK.MI
Social Media
Fri Feb 23 2024
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