Our Multi-Boutique Platform

Where Specialization Meets Experience

At Generali Investments* we gather the Generali Group’s primary investment companies through a multi-boutique platform, leveraging specialized skillsets to create and share enduring value with our clients both inside and outside the Group.

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Assets Under Management
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Asset Managers and Specialists
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Countries covered
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Specialised investment boutiques
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Main distribution hub

*Source: Generali Investments Partners S.p.A. Società di gestione del risparmio. Data include AuM of Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A., Generali Global Infrastructure, Lumyna Investments Limited, Sycomore Asset Management, Aperture Investors, LLC., Plenisfer Investments SGR and Generali Investments CEE  as at 31 Dezember 2020.

Multi-boutique platform

The key to our multi-boutique platform can be found in the focus and quality of the capabilities shared with our clients. We only invest* in best-in-class, specialized boutiques that broaden our existing skillsets and strengthen the value we generate. Those we select are highly specialized firms, fully focused on specific asset classes or investment approaches in order to maximize long-term performance. Each boutique maintains full investment autonomy, while at the same time leverages the Generali Group’s inherent strengths in terms of scale, reach, capital and focus on client.

 

* The strategies do not guarantee capital gains and the invested capital may be lost.

About Us
Generali Investments Partners
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Generali Global Infrastructure
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Generali Insurance Asset Management
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Generali Investments Holding
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Generali Investments Luxembourg

Generali Investments Partners

Generali Investments Partners* is the Distribution hub, acting as lead multi channel, multi client, relationship manager of the offering of all the companies part of the multi-boutique.

The company also has in-house investment capabilities in fixed income, thematic equities and multi asset/balanced portfolios along with alternative asset classes, on top of a sound expertise in asset managers selection available through wide fund of funds range.

 

Focus: fixed income, thematic equity and multi-asset funds. Fund of funds public and private assets.

*The company full legal name is Generali Investments Partners S.p.A. Società di gestione del risparmio.

Top Management​

Generali Investments Partners

Santo Borsellino

Santo Borsellino

Chairman of the Board

Chairman of the Board

 

Santo Borsellino is the Chairman of the Board of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Partners S.p.A. Società di gestione del risparmio and Generali Investments Luxembourg S.A. . Before that, he was CEO of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio;(the new name of the former Generali Investments Europe S.p.A. Società di gestione del risparmio) since June 2013. Prior to joining the company as Head of Equities in 2008, he gained extensive experience as an asset manager and equity analyst working for leading investment banks and asset management companies in London and Milan.

Santo graduated magna cum laude in Economics from the University of Bologna, and earned an MBA from the Tuck School of Business, Dartmouth University, United States.

Carlo Trabattoni

Carlo Trabattoni

Chief Executive Officer

Chief Executive Officer

 

Carlo Trabattoni joined Generali in September 2017, as Head of Generali Investments Partners.​

 

Prior to that, since 1996, he held several responsible positions in Sales & Marketing at Schroders: as Head of the Pan European Distribution and Global Financial Institutions Group from 2012, as Country Head and President of Schroder Investment Management (SIM) in Tokyo, being also appointed President of the Board of SIM Japan since 2009, as Head of Intermediary in Continental Europe & Middle East and Member of Global Distribution Executive Committee and Member of Global Retail Distribution Committee in London from 2006 and as Country Head and Managing Director of the Italian entity, bearing responsibility for all the activities performed by Schroders Group in Italy, as well as Foreign Fund Managers’ representative in Assogestioni, Italian association of asset managers, as Board Member, and in IFI as Executive Board Member since 2002.

 

Before that, Carlo joined Intereuropa Sim S.p.A. as Head of Sales and Marketing, to create the sales division and to develop and manage the financial distribution network at national level, after having started his career in Financial Services joining Fideuram S.p.A. in Milan.  

Cavarero

Antonio Cavarero

Head of Investments

Head of Investments

 

Antonio Cavarero was appointed Head of Investments at Generali Investments Partners S.p.A. Società di gestione del risparmio  in February 2020. A professional with more than 25 years of experience in financial markets and previously Head of Fixed Income in Generali Insurance Asset Management S.p.A. Società di gestione del risparmio (GIAM), Cavarero joined the Generali Group in 2014 after important international experiences with leading investment banks such as Deutsche Bank, Citi, Société Générale Corporate & Investment Banking, Banca IMI, Banca Euromobiliare.

Governance and Legal Policies

GIAM Best Execution Policy
March 30th, 2021
GIAM Best Execution Policy – Annex A List of Authorized Brokers
March 30th, 2021
GIAM Best Execution Policy – Annex B List of Execution Venues
March 30th, 2021
GIP - Information Document
March 10th, 2021
Information Document
GIP ǀ Information on the integration of sustainability in Remuneration
March 10th, 2021
Remuneration
GIP Sustainability Policy and Adverse Sustainability Impact Statement
March 8th, 2021
Sustainability Policy
GIP-Active Ownership
Report
February 26th, 2021
PDF
GIP - Active Ownership Report -
Annex I
February 26th, 2021
PDF
GIP - Active Ownership Report -
Annex II
February 26th, 2021
Active Ownership
REMUNERATION POLICY
SUMMARY 2020
GENERALI INVESTMENTS PARTNERS SGR
January 14th, 2021
Policy
REPORT ON TOP 5 EXECUTION VENUES (GIP)
June 30th, 2020
Execution Strategy
REPORT ON TOP 5 EXECUTION VENUES (GIP) - QUANTITATIVE SECTION
June 30th, 2020
Execution Strategy
ENGAGEMENT POLICY - GENERALI INVESTMENTS PARTNERS
June 3rd, 2020
Policy
TRANSMISSION POLICY
November 20th, 2018
Policy
CODE OF CONDUCT
+ ANNEXES
October 30th, 2018
Code
CONFLICTS OF INTEREST POLICY
October 4th, 2018
Policy
ARTICLES OF ASSOCIATION OF GENERALI INVESTMENTS PARTNERS S.P.A. SOCIETÀ
DI GESTIONE DEL RISPARMIO
October 3rd, 2018
Articles of Association

Aperture Investors

Unconstrained investment approach and a unique fee model aligning the Fund Manager incentives with client performance. Fixed income and equity funds.

Based in New York and registered with SEC, Aperture Investors* is a partnership between Generali Group and Mr Peter Kraus, former Chairman and CEO of AllianceBernstein. Aperture operates with an unconstrained investment approach and a unique fee model that aligns the company’s profitability with that of its clients. The company charges low, ETF-like fees when performance is at or below stated benchmarks. When and only when returns** are generated in excess of a strategy’s benchmark, Aperture Investors charges a performance-linked fee, and as such, investment teams are compensated primarily on outperformance.

*The company full legal name is Aperture Investors, LLC. 

*Investments involve risks. Past performance is not a reliable indicator of future performance and can be misleading. There can be no assurance that an investment objective will be achieved or that there will be a return on capital. You may not get back the amount initially invested.

Lumyna Investments

One of the oldest, largest and most successful Alternative UCITS providers in Europe.

Based in London, Lumyna Investments* is the management company of the $17bn assets under management, multi-award winning Alternative UCITS funds platform –Lumyna Funds**.

The platform was launched in 2007 with the aim of bringing best-of-breed hedge fund managers to the European market via regulated, liquid and transparent UCITS vehicles and is now offering a wide range of sub funds employing a variety of alternative and traditional investment strategies.

The UCITS platform has been consistently voted as best platform (8 times winner of Best UCITS Platform at the HFM European Hedge Fund Services Awards***) and is recognised as a leader in the delivery of Alternative UCITS funds.

* The company full legal name is Lumyna Investments Limited

** Source: Lumyna Investments Limited. Data as of 30 Sep 2020. ***Every year, the Hedge Funds Review European Performance Awards reward genuine performance, quality and skill within the European hedge fund industry.

Generali Real Estate

Real estate investments and asset management, both equity and debt. Fully integrated real estate player, with the capabilities to cover all the steps of the asset life-cycle.

Generali Real Estate* manages its operations across the different European markets through four operating platforms: Southern Europe (Italy and Spain), Western Europe (France and Benelux), Central and Northern Europe (Germany, Austria, Switzerland), Central and Eastern Europe (Czech Republic, Poland, Hungary, Slovakia, Bulgaria, Romania, Serbia and Montenegro).

*The company full legal name is Generali Real Estate S.p.A.

Sycomore Asset Management

Focus: ESG investments and sustainable performance through a range of funds investing in various asset classes.

Sycomore AM*, founded in 2001 and based in Paris, is an entrepreneurial asset management company significantly-owned by its founding partners and employees and specialised in listed company investments. Since its launch, Sycomore’s mission has been to deliver sustainable performance; this is achieved by identifying companies’ long-term levers for value creation. Sycomore AM’s expertise is driven by a field-approach and a proprietary fundamental research methodology including financial and extra-financial criteria. The firm’s 22 fund manager-analysts, including 8 ESG (Environment, Social, and Governance) specialists, assess the overall performance of a company in relation to its stakeholders: shareholders, clients, employees, suppliers, civil society and environment.

Since 2015, Sycomore AM has expanded its range of social, societal and environmental impact funds: first with Sycomore [email protected], focused on human capital, then Sycomore Eco Solutions, dedicated to natural capital, and most recently, Sycomore Shared Growth, specialised in societal capital.

*The company full legal name is Sycomore Asset Management

Generali Global Infrastructure

Investments with a sustainable mindset 


Generali Global Infrastructure (GGI) focuses on responsible investments with a positive impact, combining financial and extra-financial performance. GGI invest in themes strategic for society, such as energy transition, renewable energy, green mobility, digital transition and social infrastructures. These strategies, coupled with a high selectivity in the investment process, generate sustainable value over the long-term.

Plenisfer Investments

Focus on total return and global multi asset solutions with a distinctive and innovative investment process.

Plenisfer Investments* (“Plenisfer”) is the only investment boutique in Italy, and one of the few in the world, to specialise in benchmark-free portfolios built through a multi-strategy approach aimed at achieving clear and measurable goals. Plenisfer was founded in May 2019 as a joint venture between four founding partners – Giordano Lombardo, Mauro Ratto, Diego Franzin and Robert Richardson – and the Generali Group, a majority shareholder with a 1-billion-euro commitment in the company’s first fund. The four co-founders have been working together for over 20 years and have assembled a multi-disciplinary team of senior experienced investors to build a robust team-based investment process that explicitly focuses on investing by objectives. The Company is headquartered in Milan and is opening offices in London and Dublin. It is regulated by the Bank of Italy and CONSOB for the activity of asset management companies (SGR).

* The company full legal name is Plenisfer Investments SGR

Generali Insurance Asset Management

Capabilities in Asset Liability Management (ALM), Strategic Asset Allocation (SAA) and Capital Management.

Generali Insurance Asset Management* (GIAM) is specialized in Liability Driven (LDI) solutions, leveraging a track record of solid performance in Generali Group insurance companies portfolios and pension funds mandates. The company applies the experience and know-how it has developed over time, the in-depth understanding of clients’ liability constraints, an effective risk management approach embedded in its investment process along with a range of proprietary analysis tools developed to support LDI management.

*The company full legal name is Generali Insurance Asset Management S.p.A. Società di gestione del risparmio.

Top Management

Santo Borsellino

Santo Borsellino

Chairman of the Board

Chairman of the Board

 

Santo Borsellino is the Chairman of the Board of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Partners S.p.A. Società di gestione del risparmio and Generali Investments Luxembourg S.A. . Before that, he was CEO of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio;(the new name of the former Generali Investments Europe S.p.A. Società di gestione del risparmio) since June 2013. Prior to joining the company as Head of Equities in 2008, he gained extensive experience as an asset manager and equity analyst working for leading investment banks and asset management companies in London and Milan.

Santo graduated magna cum laude in Economics from the University of Bologna, and earned an MBA from the Tuck School of Business, Dartmouth University, United States.

Bruno_Servant

Bruno Servant

CEO

CEO

 

Bruno Servant is the CEO of Generali Insurance Asset Management (GIAM) since March 2021. Bruno joined Generali Group in September 2007 as Deputy Chief Executive Officer of Generali Investments France, was then nominated as Chief Investments Officer of Generali France in 2012 and since November 2017 he held the position of Head of Group Investment Management Solutions.

Prior to that, since 2004, Bruno was Deputy Chief Executive Officer at UBS Global Management in France. He previously spent fourteen years in Deutsche Bank Paris as Business Head for Asset Management, as well as member of the Executive Committee of Deutsche Bank in France and a member of the Board of Deutsche Asset Management France. Before this, he was a fixed income portfolio manager at Citibank and Shearson Lehman Hutton, after starting his career at Credit Lyonnais in Corporate Banking.

Antonio Pilato

Antonio Pilato

Head of Investments

Head of Investments

 

Antonio Pilato is the Head of Investments of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio since July 2019.

 

Antonio Pilato was previously Head of Trading & Investment Management Support, a role he held since October 2018. Here, he was responsible for the execution of all the transactions performed on financial markets (Fixed Income, Equity, FX and Derivatives) and the activities related to the subscription and redemption of Funds units.

 

Prior to this, he had held various management positions in trading desk, portfolio engineering and derivatives in the Generali Group, which he joined in 1998.

 

Based in Milan and reporting to the CEO Francesco Martorana, Antonio leads a team of more than 50 investment professionals in Paris, Trieste, Cologne and Milan.

 

A CFA Charterholder, he holds a Master Degree in Economics from Roma Tre University in Rome.

Livio_Gentilucci_web

Livio Gentilucci

Head of Investment Stewardship

Head of Investment Stewardship

 

Livio Gentilucci is the Head of Investment Stewardship of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio since February 2020. He is responsible for ESG analysis and integration, Engagement and Voting activities.

Prior to this, he had held various managerial positions, including the responsibility for Organization and Processes function, Compliance function and Internal Audit function. He joined Generali Group in 1992.

He started his career in FCA SpA as project manager in 1990.

Based in Rome and reporting to the CEO, Livio leads a team of 12 ESG analysts in Paris, Rome and Milan.

CISM (Certified Information Security Manager), he holds a Degree in Industrial Engineering and he is Lecturer at the Master “Governance e sistemi di controllo”, Roma Tre University in Rome.

Vincent Vinit

Vincent Vinit

Chief Risk Officer

Chief Risk Officer

 

Vincent Vinit is the Chief Risk Officer of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio since July 2019 and Chief Risk Officer of Generali Real Estate S.p.A. since June 2016.

 

Prior to joining Generali, Vincent had been the Global Head of Risk Management & Compliance at AXA Real Estate since 2009. He previously worked for BNP Paribas, holding several functions, including for Group Risk Management.

 

Vincent, who started his career in 1998 as a consultant for Altran in Paris and Munich, holds an Executive MBA from HEC Paris and a Master Degree in Computer Science from Aix-Marseille University.

Vincent Chaigneau

Vincent Chaigneau

Head of Research

Head of Research

 

Vincent Chaigneau joined Generali Investments in August 2017 as the Head of Research and Head of Group Investment Strategy. In his current role, he is in charge of a unit currently consisting of 25 economists, strategists and credit/equity analysts based in Paris, Cologne, Trieste and Milan. In addition to this, he manages Generali’s Group Insurance Research, a 10-strong team covering insurance and financial service markets around the world and delivering proprietary industry forecasts, market intelligence and megatrend studies.

 

Vincent joined the Generali Group from Societe Generale Corporate & Investment Banking, where he spent 24 years between Paris, New York and London, last serving as the Co-Head of Fixed Income Research, and Head of Rates & FX Strategy.

 

A French citizen, Vincent Chaigneau holds a Master’s Degree in International Economics and Finance, and a Podevraduate Degree in Economics and Finance from the University of Bordeaux.

Governance and Legal Policies

GIAM ǀ Information on the integration of sustainability in Remuneration
March 10th, 2021
Remuneration
GIAM - Information Document
March 10th, 2021
Information Document
GIAM Sustainability Policy and Adverse Sustainability Impact Statement
March 8th, 2021
Sustainability Policy
GIAM - Active Ownership Report
February 26th, 2021
Active Ownership
GIAM - Active Ownership Report -
Annex I
February 26th, 2021
Active Ownership
GIAM - Active Ownership Report -
Annex II
February 26th, 2021
Active Ownership
REMUNERATION POLICY
SUMMARY 2020
GENERALI INSURANCE ASSET MANAGEMENT SGR
January 14th, 2021
Policy
REPORT ON TOP 5 EXECUTION VENUES (GIP) - QUANTITATIVE SECTION
June 30th, 2020
Execution Strategy
REPORT ON TOP 5 EXECUTION VENUES (GIAM)
June 30th, 2020
Execution Strategy
ENGAGEMENT POLICY - GENERALI INVESTMENTS INSURANCE ASSET MANAGEMENT
June 3rd, 2020
Policy
EXECUTION AND TRANSMISSION POLICY
January 31st, 2020
Policy
CODE OF CONDUCT
+ ANNEXES
October 30th, 2018
Code
CONFLICTS OF INTEREST POLICY
October 4th, 2018
Policy
ARTICLES OF ASSOCIATION OF GENERALI INSURANCE ASSET MANAGEMENT
S.P.A. SOCIETÀ DI GESTIONE DEL RISPARMIO
October 3rd, 2018
Articles of Association

Generali Investments Holding

Generali Investments Holding* guarantees a solid framework of services designed to support various asset management activities. Key elements include back office activities, organized to provide maximum efficiency; advanced reporting systems and sophisticated technological infrastructures. The company also acts as a holding company, retaining share capital in the boutiques and Generali Investments’ companies.

*The company full legal name is Generali Investments Holding S.p.A.

Top Management

Dominique Clair

Dominique Clair

CEO Generali Investments Holding S.p.A. and Group Investments, Assets & Wealth Management Chief Operating Officer

CEO Generali Investments Holding S.p.A. and Group Investments, Assets & Wealth Management Chief Operating Officer 

 

Dominique is CEO of Generali Investments Holding S.p.A. Having been with Generali Group since 2000, Dominique held responsible positions as Chief Operating Officer at Generali Investments Europe S.p.A. Società di gestione del risparmio (since 2010), Chief Executive Officer of Generali Investments Holding S.p.A. since 2013 and a Board Member of Generali Investments Luxembourg S.A. since 2014.

 

Prior to that, in 1993, he joined the corporate world in the Insurance sector, as Head of the Planning & Control Department at MAA Assicurazioni and then joined INA Assitalia in the same role. From 1989 to 1993 he worked for Eurosept Consulting (AT Kearney Group) in the Insurance Practice, after having started his career as an auditor for Coopers & Lybrand.

 

Dominique graduated from the École des Hautes Études Commerciales (HEC) in 1988.

Governance and Legal Policies

GIH ǀ Information on the integration of sustainability in Remuneration
March 10th, 2021
Remuneration
CODE OF CONDUCT
+ ANNEXES
October 30th, 2018
Code

Generali Investments Luxembourg

Generali Investments Luxembourg* (“GIL”), part of the Generali group, is a Luxembourg based management company authorized under Chapter 15 of the Law of 17 December 2010 relating to Undertakings for Collective Investments in Transferable Securities (UCITS) as well as an Alternative investment fund manager authorized under the Law of 12 July 2013 on alternative investment fund managers. As such, it offers the overall mandatory management company services for both UCITS and AIF products.

As Management Company, GIL manages investments on an international scale leveraging on the experience and professionalism of a team of world-class investment firms, including Generali Group asset management companies and boutiques as well as other major players whose capabilities are available through its fund offerings. GIL’s activities focus on the set-up of investment funds, designing structures and strategies adapted to different situations and investors. GIL’s risk management services are adjusted to the changing market environment while financial professionals supervise the day-to-day activities of the investment vehicle. As a result the investment managers can focus on their priorities while generating growth.

Based in Luxembourg, the largest fund center in Europe and the largest international hub for fund distribution, GIL benefits from an efficient and reliable fund infrastructure. The Management Company offers a wide range of fund structures such as UCITS, real estate funds, SIFs, AIFs and non-UCITS vehicles. In addition, being based in Luxembourg, GIL is regulated by a sophisticated but pragmatic legal and regulatory framework.

*The company full legal name is Generali Investments Luxembourg S.A. 

Top Management

Santo Borsellino

Santo Borsellino

Chairman of the Board

Chairman of the Board

 

Santo Borsellino is the Chairman of the Board of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Partners S.p.A. Società di gestione del risparmio and Generali Investments Luxembourg S.A. . Before that, he was CEO of Generali Insurance Asset Management S.p.A. Società di gestione del risparmio;(the new name of the former Generali Investments Europe S.p.A. Società di gestione del risparmio) since June 2013. Prior to joining the company as Head of Equities in 2008, he gained extensive experience as an asset manager and equity analyst working for leading investment banks and asset management companies in London and Milan.

Santo graduated magna cum laude in Economics from the University of Bologna, and earned an MBA from the Tuck School of Business, Dartmouth University, United States.

pierre-bouchoms-173x173

Pierre Bouchoms

General Manager

General Manager

 

Before joining Generali, Pierre Bouchoms was Director for Global Fund Services at PwC Luxembourg, co-General Manager of Eurizon Capital S.A., COO of Penghua Fund Management and General Manager at Sanpaolo Services Luxembourg. He has covered various role in the Fund industry among which facing the distribution challenge in various locations from South America to Asia.

 

Languages: English, French, Italian

guillaume-grange-173x173 (1)

Guillaume Grange

Conducting Officer

Conducting Officer

 

Guillaume Grange is Conducting Officer of Generali Investments Luxembourg S.A. since May 2016, in charge of Legal, Compliance and Business Support areas. Guillaume works in the Luxembourg Fund industry since 1999. Before joining Generali Group in 2014, Guillaume worked as Deputy Head of Fund Structuring Department of CACEIS Bank Luxembourg for 9 years. He also worked as Senior Legal Advisor for Sanpaolo-IMI Group’s companies in Luxembourg for 5 years.

 

Guillaume holds a Master’s degree in Business Law from the University of Nancy (France).

 

Languages: English, French, Italian

 

davide-pavese-173x173

Davide Pavese

Conducting Officer

Conducting Officer

 

Davide Pavese is Conducting Officer of Generali Investments Luxembourg S.A. since May 2016, in charge of Risk Management, Valuation, Investment Compliance and Outsourcing Oversight areas. Davide works in the Fund industry since 1996.  Before joining Generali Group in 2014, Davide worked as Head of Risk Management and as Portfolio Manager at Eurizon Capital S.A. for 9 years. He also worked as Portfolio Manager for Reale Mutua Assiurazioni Group in Italy for 4 years and previously for Intesa-Sanpaolo Group’s companies in Luxembourg and in Italy for 5 years.

 

Davide holds a Bachelor in Business Administration from the School of Management in Turin (Italy).

Governance and Legal Policies

REMUNERATION POLICY STATEMENT
March 1st, 2021
Remuneration
DATA PRIVACY STATEMENT
May 31st, 2018
Privacy
BEST EXECUTION STATEMENT
July 3rd, 2017
Best Excecution
COMPLAINTS HANDLING STATEMENT
July 3rd, 2017
Complaints Handling
VOTING RIGHTS STATEMENT
July 3rd, 2017
Voting Rights

Platform Benefits

Customers

Gain access to niche investment skills

Rely on experts selected by Generali Group based on knowledge and talent

Benefit from long-term attractive opportunities through distinctive investment strategies

Generali

Broadens and diversifies investment solution offer

Invests in results-centred companies with a strong entrepreneurial drive

Selects quality partners to maximise returns on investment

Boutiques

Keep their investment autonomy

Leverage Generali Group’s strength, capital, customer focus, global reach and brand

Engage in an ecosystem ensuring consistency in the areas of risk control, audit and compliance

Generali Group: Our parent company***

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TOP 0 ****
Largest company in the world

*** Source: Generali Group, data as at 30 June 2020.

**** Source: Fortune Global 500, 2019.