ITALY - Scottish Widows Investment Partnership has appointed Francesco Albano as new head of Italian business development as it looks to make inroads into the local market.
Albano will be based in Italy and will be responsible for building corporate presence among Italian institutional investors and pension funds.
Previously, he worked for Ernst & Young Consultants as a senior manager within the strategy group. Prior to that he was at Merrill Lynch for five years where he expanded asset management marketing activities.
He will now report to Chris Walker, head of SWIP’s institutional division.
SWIP recently signed a co-operation agreement with COFIRI, a major Italian financial institution, in order to provide investment services to Italian investors.
Commenting on the hire, Walker said: “SWIP have won several important mandates so far in Italy.
“Francesco’s appointment will give us the opportunity to drive our business to the next level.”
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