(Alliance News) - Mediobanca Spa on Tuesday announced the birth of Mediobanca Premier, the bank specializing in the management of Italian families' savings and investments. "This is a key initiative in the Mediobanca Group's growth path outlined in the 2023-26 Strategic Plan "One Brand - One Culture," which sees the development of the Wealth Management division as a priority objective," the bank's note reads.

Mediobanca Premier, the statement continues, "combines and enhances two fundamental assets of the group. On the one hand, the expertise gained by Mediobanca in more than 70 years of activity in the markets alongside businesses, and on the other, the experience of CheBanca!, which was founded in 2008 as a digital native operator."

"Mediobanca Premier, which has the ambition of becoming a leader in the mid-to-high end of the market, will develop an advisory, management and asset protection offering using Asset Management products and - a distinctive feature in the market - Mediobanca's unique Capital Market and Corporate & Investment Banking product offering. An interaction that will make it possible to expand and renew the range of products and services by responding to the financial needs of a clientele with more evolved requirements," the note further reads.

Mediobanca's stock trades in the green by 1.1 percent at EUR11.39 per share.

By Chiara Bruschi, Alliance News reporter

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