Generali Group has hired seasoned sales specialist Carlo Trabbatoni to oversee its investment operations amid plans to create Europe’s largest multi-boutique insurance and asset management platform.
The Italian company outlined plans to become a major player in asset management in May of this year. This is alongside aims to expand beyond its traditional insurance efforts.
It has therefore hired Trabbatoni from Schroders, where he served for many years as head of intermediary sales. He will oversee Generali Investment Partners, which includes distribution and product functions.
Under his remit, Generali Group intends to develop a multi-boutique structure, which will see it acquire real asset and high conviction investment strategies to accelerate its presence within asset management.
Generali Investment Partners remains under the broader Generali Group Investments, Asset & Wealth Management Business Unit, which is overseen by group CIO and asset and wealth management CEO Timothy Ryan.
In wider changes, Generali Group intends to reorganise along three key lines. The first of these is to have Ryan’s department oversee investment strategy and investment solution functions.
This is while asset management activities will be under Trabattoni’s stewardship and a third arm covering wealth management, which sits within Banca Generali.
Generali is among the world’s largest insurers and is present in over 60 countries with total premium income exceeding €70 billion in 2016.