EUROPE - Australian financial services giant AMP is to take a foothold in Italy's expanding pensions market with the AS$33m (EUR20m) acquisition of Commerzbank Asset Management Italia (CAMI).
CAMI was established in 2000, and now has around EUR650m in funds under management, predominantly for private clients. AMP said that it is likely to invest a further A$1.1bn in the operation (EUR50...
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