Eurobank Asset Management, a 100% subsidiary of Eurobank, and Eurizon, the asset management company of the Intesa Sanpaolo Group, signed a Memorandum of Understanding (MoU), which sets the basis for their entry into the Greek market.

As the relevant announcement states, the upcoming cooperation will provide the parties with the impetus to benefit from significant growth opportunities, leveraging Eurobank's network, the dynamics of Eurobank Asset Management, and Eurizon's experience in advisory support and innovative product development.

Eurobank's General Manager & Head of Wealth Management, Mr. Theofanis Mylonas, said: "The strategically important new alliance with Eurizon underlines the Group's commitment to expanding its activities in the asset management segment. This partnership comes at a time when the Greek economy is growing and wealth management is at the forefront of investor interest. Therefore, sharing this vision with a global investment manager will create significant synergies and enhance the global dynamics of both groups."

Eurizon's CEO, Ms. Maria Luisa Gota, said: "Entering the Greek market with Eurobank Asset Management is another step in increasing both Eurizon's strategic business development and brand awareness in Europe. We are really proud to start a partnership with a strong company, a leader in the country, in order to leverage our combined expertise, offering innovative financial solutions and extended portfolio management services to domestic clients."