Generali revamps organisational structure

Generali Investments Holding will manage global asset management activities.

Generali board of directors approved a new organisational structure proposed by group CEO Philippe Donnet.

Beginning 1 June, the Generali group will focus on two main businesses: insurance and asset management, aiming to accelerate growth in line with the strategic plan "LifeTime Partner 24: Driving Growth.

Under the new structure, the Insurance Division, led by CEO Giulio Terzariol, will enhance business performance across all regions. 

Jaime Anchústegui will serve as Deputy CEO of Insurance, overseeing governance and strategic partnerships. Giovanni Liverani will assume new responsibilities within the division.

Generali Investments Holding (GIH) will manage global asset management activities, excluding operations in China. Woody Bradford will be CEO, with Philippe Donnet as Chair. Carlo Trabattoni will transition to new roles within asset management.

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“In Asset Management, the recent acquisition of Conning and long-term partnership with Cathay Life resulting from this agreement allows us to broaden our investment offering, expand our international client base, focus on growing third-party business, and invest in distribution capabilities targeting important markets as one of Europe’s top-ten largest asset managers,” Donnet said in a media release.

Banca Generali, led by CEO Gian Maria Mossa, will continue to offer financial advisory and wealth management services.

David Cis, as group chief operating officer, will join the Group Management Committee to enhance service levels and efficiency through digitization and AI.

“The Insurance Division will continue to strengthen the Group's presence in our key markets, leveraging on the technical excellence of our business, implementing new technologies and adapting our offering to meet our customers’ needs in a constantly changing environment.” Donnet added.