The story
The origins and history of Banca Finnat date back to 1898, when Pietro Nattino opened a financial business, which has been developed by the successive generations of the family to the present day. In 1961, Euramerica Finanziaria Internazionale was established following a partnership with Morgan Group. In 1991, after the enactment of the new Italian law on stockbroking companies, both Finnat and Euramerica were registered as Società di intermediazione mobiliare or SIMs. In 1998, the company became a bank, specialising in investment services for institutional clients, businesses and individuals.
In March 2018 Banca Finnat decided to exit the London Stock Exchange, of which it had been a shareholder since 2007 following the merger of the London Stock Exchange with Borsa Spa: it was the last Italian banking partner. In 2018 Flavia Mazzarella was appointed president, until 2021 when she was replaced by the new president: Marco Tofanelli. After trying to acquire Cesare Ponti bank to grow in northern Italy, it updated the Business Plan until 2024 aiming to grow the subsidiary Investire Sgr Spa, the real estate asset management company of the Group.
In August 2022, Banca Finnat acquired a minority stake (9.9%) in Hedge Invest, an investment company led by Alessandra Manuli, with the possibility of acquiring another 15% stake in three years' time.
Since 2022, Banca Finnat is no longer listed on the Stock Exchange, the Roman institution leaves Piazza Affari after 83 years.
From Wikipedia’s article on Banca Finnat, shared under CC BY-SA 4.0.4