Banca Generali (BGN) investor relations material

Market overview and growth opportunities

• Italian household net wealth is among the largest in Europe, with €6.3tn in financial wealth projected for 2025, of which €4.1tn is targetable financial assets.

• Private and high-net-worth (HNW) segments are the fastest-growing, with a 4.5% CAGR expected from 2025-2028.

• Managed assets are projected to grow above average, driven by demand for professional advice amid market volatility and complexity.

• Financial advisor (FA) networks are gaining market share, expected to reach 23.2% of targetable financial wealth by 2028.

Business model and strategic positioning

• Operates a capital-light, FA-centered model with over 2,400 professionals and a focus on open architecture and best-in-class partnerships.

• Ranks #3 in private banking and #4 in FA networks in Italy, with significant growth in assets and market share over the past decade.

• Diversified client portfolio and product offering, including banking, managed solutions, insurance, and advisory services.

• Strong international presence, with operations in Luxembourg, Switzerland, and Ireland.

Key strategic projects and initiatives

• Integration of Intermonte to expand global markets capacity and enhance SME offerings.

• Acquisition of Investlinx to build a scalable, proprietary active ETF platform and accelerate time-to-market for new investment solutions.

• Partnership with Alleanza to tap into insurbanking, targeting €7-8.5bn in assets and €40-50m net banking income by 2030.

• Emphasis on artificial intelligence (AI) for operational transformation, with over 110 AI ambassadors and proprietary AI tools for FAs.