M&G inks distribution partnership in Italy

M&G Investments has signed a strategic partnership with Italy’s BCC Risparmio&Previdenza to expand distribution of its investment products – including private credit – in the country.

BCC Risparmio&Previdenza is the savings management company of the BCC Iccrea Group. Under the terms of the agreement, M&G’s investment strategies will be available to over five million customers of the group’s banks.

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This includes the asset manager’s European public and private credit, multi-asset income and infrastructure and Paris Agreement-aligned equity investments.

M&G has operated in Italy for two decades and it is now its largest market outside of the UK.

Read more: M&G’s private credit ELTIF opens to wholesale clients across Europe

“The partnership reflects our strategy to expand our presence in Italy, a key European market for M&G, where we continue to see significant growth potential both in terms of assets and client base,” said Andrea Orsi, country head for Italy at M&G.

“We remain focused on strengthening our presence through the consolidation of partnerships with major distribution players in the wholesale segment, while progressively broadening our institutional client base. Our 20-year track record in the country has enabled us to build a deep understanding of local investors’ needs, and we continue to be dedicated to providing innovative investment solutions tailored to meet their long-term financial goals.”

M&G Investments won the award for Wealth Market Proposition of the Year at this year’s Alternative Credit Awards.