Milan-headquartered Eurizon saw its assets under management (AuM) reach an all-time high for the firm by the end of last year.
Following twelve months of steady growth, the fund manager’s assets increased by 11% to €335.5 billion by the end of December – a record for the Italian business.
Eurizon also ranked first in Italy in the fourth quarter for inflows both in total terms (+€8.1 billion) and open-ended funds (+€4.2 billion), the firm stated in its financial results for 2019.
AuM have grown by 80% over the six years since chief executive Tommaso Corcos has been at the helm of Eurizon.
The firm’s consolidated net income nearly reached €520 million by the end of last year – an increase of 11.5% from the previous year.
The fund manager has also launched a business specialised in private market alternative investments: Eurizon Capital Real Asset.
Corcos said: “Alternative assets are continuing to grow at attractive rates and we expect them to take an increasingly significant share of global savings.”
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