Mediobanca
Italian investment bank / From Wikipedia, the free encyclopedia
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Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana) and Enrico Cuccia to facilitate the post-World War II reconstruction of Italian industry. Cuccia led Mediobanca from 1946 to 1982. Today, it is an international banking group with offices in Milan, Frankfurt, London, Madrid, Luxembourg, New York and Paris.
Company type | Public |
---|---|
BIT: MB FTSE MIB Component | |
Industry | Financial services |
Founded | 1946; 78 years ago (1946) |
Headquarters | Milan, Italy |
Key people | Renato Pagliaro (Chairman) Alberto Nagel (CEO) |
Products | Wealth Management, Corporate & Investment Banking, Consumer Finance [1] |
Revenue | €3.3 billion (2022-2023) [2] |
€1 billion (2022-2023) [2] | |
Total assets | €91,6 billion (2022-2023) [2] |
Total equity | €11,4 billion (2022-2023) [2] |
Number of employees | 5,227 (2022-2023) [2] |
Website | https://www.mediobanca.com |
As of today, Mediobanca Group is a diversified banking group consisting of four business divisions: Wealth Management, Corporate & Investment Banking, Consumer Finance and Insurance.[1] The Wealth Management area, whose launch in 2016 reshaped the group's strategy, recorded the highest growth rates in the second half of 2023[3] and is expected to become by 2026 the first business in terms of fee income and the second in terms of revenues.[4] Through the execution of the Strategic Plan to 2026 "One Brand One Culture," Mediobanca will position as a "wealth manager" by leveraging the Group's internal synergies and traditional investment banking business to serve this new value proposition.[5]
The company is listed in the FTSE MIB index of the Milan Stock Exchange and a member of the Standard Ethics Italian Banks Index.[6]
Mediobanca has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[7][8]