Intesa Sanpaolo to Launch Wealth Management Business in China
11 Diciembre 2019 - 4:28AM
Noticias Dow Jones
By Carlo Martuscelli
Intesa Sanpaolo S.p.A. (ISP.MI) said Wednesday that it had
received approval to provide wealth management services in China
through its wholly-owned subsidiary, Yi Tsai.
The Italian lender said it was the first bank to be given
permission to operate a wealth management arm fully under its
control in the Asian country.
Intesa said that Yi Tsai will operate in the city of Qingdao,
which has been designated a zone to pilot wealth management
projects in China.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 11, 2019 05:13 ET (10:13 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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