Wealth management

Private banking and asset management are increasingly important for our Group, and with the 2016-19 strategic plan these businesses, combined together in our new Wealth Management division, are becoming a vital pillar of our future growth.

CheBanca!, founded in 2008 as a multi-channel bank, in the course of the next three years will complete its definitive transformation to become a wealth manager dedicated to the affluent serving the affluent also leveraging on the acquisition of Barclays’ Italian operations.

The new Private & High Net Worth Individual (HNWI) division will focus on the development of the private banking activities of Compagnie Monégasque de Banque and Mediobanca Private Banking  besides Spafid’s multi-family office business. A product factory will also be set up, MB Asset Management, which will comprise Cairn CapitalCompagnie Monégasque de Banque, Mediobanca SGR and RAM Active Investments.

Asset management and private banking are highly specialized businesses that complement and enable synergies with the Group’s investment banking operations. They also give us a stable source of income with low capital absorption and high profit margins, which is increasingly important in the light of the new Basel III regulatory scenario, which lays down strict capital requirements.


Through CheBanca! we will invest heavily in distribution and innovation

Strengthening in reference markets by leveraging on
the Mediobanca brand
in Italy and the presence of Compagnie Monégasque de Banque in Monaco

Develop existing product factories and invest in new skills



The new Wealth Management division will develop our ambitions in offering asset management products and services to all the Group’s clients. The area will benefit from attractive growth opportunities deriving from integration of the four companies we have recently acquired (Cairn Capital, Barclays, Banca Esperia and RAM Active Investments), favourable market trends and considering possible targeted acquisitions.


Che Banca!: from multi-channel bank to wealth manager

CheBanca! (established in 2008) is our Group’s multichannel bank, operating online, through call centres and in branches. As Italy’s first native digital bank, our aim was to diversify our income streams and engage the retail banking market of the future, i.e. digital users seeking innovative services. We immediately focused on high value-added services. In the early months of 2016, we were the first in Italy to introduce “robo-advisors”, which provide retail clients with personalised advice based on model portfolios.
Our transparent, efficient, low-cost and client-focused approach has proven to be a successful strategy, earning us an affluent and loyal client base. We believe this division will play an even more central role in our business in future. The high positioning of CheBanca! has been further strengthened through the acquisition of Barclays’ Italian retail banking business in August 2016, adding 89 branches, 70 bankers, 220,000 clients, €3bn in direct funding and €3,1bn in indirect funding. The 2016-19 strategic plan envisages the definitive transformation of CheBanca! to wealth manager dedicated to clients in the affluent and premier brackets.


year established



9.0 bn


10.3 bn


Figures as at 30 June 2019. 

Compagnie Monégasque de Banque (CMB): Monaco’s leading bank

Compagnie Monégasque de Banque (CMB), a wholly owned subsidiary of Mediobanca, is market leader in the Principality of Monaco, with total managed assets of around 9.8 billion euro (June 2017).
CMB’s location, in-depth market knowledge and complete independence make it a real powerhouse in the sector, able to provide clients with exclusive services ranging from loans to asset management.


joins the Mediobanca Group

€10 bn

of TFA


market share in Monaco



Figures as at 30 June 2019

MEDIOBANCA Private banking 

Mediobanca Private Banking is the division of Mediobanca serving High Net Worth Individuals (HNWIs). Set up following the merger of Banca Esperia of acquired in April 2017, the new division is a strategic element of the 2016-19 business plan, one of the priorities of which is the development of Wealth Management and top-end asset management services as a driver for growing highly-specialized banking activities.

Mediobanca Private Banking, in its capacity as an Italian private & investment bank, primarily serves entrepreneurs, seeking at all times to generate synergies with the Group’s Corporate & Investment Banking division, leveraging on Mediobanca’s expertise in M&A advisory, debt and equity capital market operations.


year of launch the brand Mediobanca Private Banking 

€21.2 bn

of TFA




branches in Italy

Figures as at 30 June 2019


Acquiring control of Cairn Capital in 2015 marked the first step in the creation of an asset management platform designed to generate significant returns on capital.
Founded in 2004 and based in London, Cairn Capital will play a key role in the lending activities of the Mediobanca Alternative Asset Management (MAAM) platform. Its expertise across the entire credit spectrum enables us to offer our clients valuable advisory and investment products. 


joins the Mediobanca Group

€ 4 bn

total AUM and AUA


professional staff


Figures as at 30 June 2019


With the acquisition of 69% of RAM AI we added a further quality element to our asset management platform. 
Founded in 2007, based in Geneva - Switzerland, RAM AI is one of Europe’s leading systematic investment managers, offering a range of actively managed and alternative systematic fundamental equity and tactical fixed-income funds to a wide array of institutional and professional investors. 


joins the Mediobanca Group

€ 3.1 bn

total AUM and AUA


professional staff


Figures as at 30 June 2019



CMB www.cmb.mc
Spafid www.spafid.it
Cairn Capital www.cairncapital.com/
Che Banca! www.chebanca.it
Mediobanca Private Banking www.mediobancapb.com
RAM Active Investments ram-ai.com/en/

Last update: 01/08/2019