Intesa Sanpaolo-backed Fideuram completed the acquisition of Quilvest.

Intesa Sanpaolo-backed Fideuram, a private banking company, completed the acquisition of Quilvest, a private bank. Financial terms were not disclosed. "In order to face the challenges of tomorrow and seize further opportunities, we have decided to partner with Fideuram - ISPB as our new shareholder. We are equally proud and excited to be positioned as one of the hubs for the group’s international expansion. The alliance between CBPQ and Fideuram – ISPB is based on common convictions and values shared by both banks, including our unique and agile business model. The strengths and resources of Fideuram – ISPB, combined with CBPQ’s agility will create new opportunities beneficial to all stakeholders," Marc Hoffmann, Quilvest CEO.