Two years after entering the Italian market, asset management giant Vanguard has opened an office in Milan.
It will be run by country head Simone Rosti, who is joined by a trio of recent recruits:
- Senior sales executive Massimo Corneo (formerly Gam Italia).
- Sales executive Nicolo’ Olivieri (formerly M&G Investments).
- Office manager and sales assistant Graziana Filieri (formerly Assicurazioni Generali).
The Milan office follows Vanguard’s entry into the Italian market in January 2019, when the first 19 Vanguard ETFs listed on Borsa Italiana.
Today, Vanguard has 26 ETFs listed on the exchange.
Milan joins London, Frankfurt, Zurich, Dublin, Paris and Amsterdam to become the seventh European base for the American firm.
Across its European mutual fund and ETF range, Vanguard manages $259bn (£186bn, €217bn) in assets under management.
Globally, it manages $7.2trn on behalf of investors.