Bank trusts are essential players in the wealth management space. Acting as fiduciaries, these institutions support families, individuals, and organizations with estate planning, asset protection, and long-term wealth preservation strategies.
For investment managers, identifying the right bank trust relationships (especially across international markets) can be complex. These firms often operate behind the scenes, with limited public visibility. Dakota Marketplace helps simplify the search by offering verified data, allocator context, and direct contact information, all in one place.
In this article, we are giving you a list of the top 10 bank trusts in Italy. To see the full list, you can view it in Dakota Marketplace.
1. Intesa Sanpaolo SpA
AUM: $949.155B
Metro: Milan
Intesa Sanpaolo SpA operates as a Bank with a focus on Broker-Dealer services. The institution is headquartered at Piazza San Carlo 156, Turin, and is associated with the Milan metro area. Established in 2007 through the merger of Banca Intesa and Sanpaolo IMI, Intesa Sanpaolo is Italy's largest banking group, serving approximately 13.9 million customers through a network of over 2,800 branches in Italy and more than 900 branches across Central Eastern Europe, the Middle East, and North Africa.
As of June 30, 2025, Intesa Sanpaolo reports total assets of €943.45 billion and an AUM of €949.15 billion. The bank provides a comprehensive suite of financial services, including retail, corporate, and investment banking, alongside asset management and insurance. Its offerings encompass alternative financial services, structured products, and wealth management solutions, reflecting a commitment to innovation and sustainability, particularly in supporting green economy initiatives and ESG-conscious investments.
2. Cassa Depositi e Prestiti
AUM: $400B
Metro: Rome
Cassa Depositi e Prestiti is a Bank that functions as a pivotal financial institution in Italy, established in 1850. The organization operates as a development bank, focusing on investments in critical sectors such as infrastructure, real estate, and innovation to foster economic growth and support public policy initiatives. Headquartered at Via Goito, 4, Rome, Cassa Depositi e Prestiti plays a vital role in providing long-term financing to public administrations, local authorities, and small to medium-sized enterprises.
The institution manages an extensive AUM of $400B and strategically invests in sectors crucial for Italy's economic development, including transportation, energy, real estate, and innovation. Cassa Depositi e Prestiti's investment strategy emphasizes long-term value creation, with a focus on sustainable growth and alignment with national development goals. Through alternative investments in private equity, venture capital, and infrastructure funds, CDP diversifies its portfolio to support high-potential companies, innovation initiatives, and large-scale infrastructure projects, contributing to the competitiveness and sustainability of the Italian economy.
3. Fideuram - Intesa Sanpaolo Private Banking
AUM: $327.2B
Metro: Milan
Fideuram - Intesa Sanpaolo Private Banking is a Bank offering comprehensive private wealth management services. Situated at Piazza San Carlo, 156, Torino, the firm operates within the Milan metro area. Specializing in various aspects of private wealth management, it caters to a global clientele base. The firm manages a noteworthy AUM of $327.2B, reflecting its international presence and extensive service portfolio. With a focus on delivering tailored solutions across all private wealth management domains, Fideuram - Intesa Sanpaolo Private Banking positions itself as a key player in the financial industry.
4. Banca Generali Private
AUM: $121.685
Metro: Milan
Banca Generali Private operates as a Bank focused on safeguarding family wealth. It is headquartered at Via dei Piatti 11, Milan, and serves clients across the Milan metro area. The bank provides personalized wealth management through experienced financial advisors and is accessible via both physical locations and digital channels.
Banca Generali Private reports total AUM of €121.68 billion. Its Home Banking platform offers a secure method for clients to manage their accounts from various devices, featuring an intuitive interface. Additionally, clients receive support through a nationwide network of financial advisors and branches.
5. Kairos Partners
AUM: $100B
Metro: Milan
The organization Kairos Partners functions as a Bank specializing in private banking and asset management services. Situated at Via San Prospero 2, Milan, the firm operates within the Milan metro area. Known for its hedge fund platform and diverse fund of funds offerings, Kairos Partners manages an impressive AUM of $100 billion. Kairos Partners, with a significant presence in Milan, stands out for its robust financial services, including private banking, asset management, and a range of fund offerings. The firm's substantial $100 billion AUM underscores its position as a key player in the banking sector, catering to a diverse clientele seeking tailored financial solutions.
6. Mediobanca Group
AUM: $94B
Metro: Milan
Mediobanca Group is a Bank headquartered at Piazzetta Enrico Cuccia, Milan. Established in 1946, the group is a prominent Italian investment bank and financial services company. It operates across various segments, including corporate and investment banking, wealth management, and consumer banking. Known for its expertise in mergers and acquisitions, equity and debt capital markets, and structured finance, Mediobanca has a significant presence in Europe.
Mediobanca Group manages an AUM of $94B and offers a diversified investment scheme that includes traditional and alternative investments. The group actively engages in private equity, real estate, and hedge funds, targeting high-growth sectors and regions. Leveraging its market knowledge, Mediobanca identifies unique investment opportunities to deliver superior returns. With a focus on careful selection and diversification, the group's alternative investment strategy aims to manage risks effectively while maximizing returns.
7. Allianz Bank Financial Advisors
AUM: $88.452B
Metro: Milan
Allianz Bank Financial Advisors operates as a Bank, with its headquarters located at Piazza Erculea, 15, Milan. The bank provides financial advisory and banking services through both digital and in-person channels, maintaining a network of financial advisory centers across Italy. Its services are designed to enable clients to effectively manage their banking activities.
Allianz Bank Financial Advisors reports total AUM of €88.45B. The bank's mobile application offers a comprehensive range of mobile banking services, allowing clients to securely view their positions and conduct transactions. Additionally, a dedicated Client Area provides simple and secure access to account information and various banking products tailored to meet specific client needs and larger patrimonies.
8. Credem Euromobiliare Private Banking S.p.A.
AUM: $52.67B
Metro: Milan
Credem Euromobiliare Private Banking S.p.A. operates as a Bank, specifically within the private banking sector of the Credem Group. The firm is headquartered at Corso Monforte, 34, Milan, and provides private banking services to its clients as part of the Credito Emiliano (CREDEM) Banking Group.
Credem Euromobiliare manages total assets under management (AUM) of €52.67B. The organization was formed through the merger of Credem Private Banking and Banca Euromobiliare, enhancing its service offerings within the private banking landscape in Italy.
9. Banca Aletti
AUM: $32.82B
Metro: Milan
Banca Aletti operates as a Bank with a focus on private banking services. Its headquarters are located at Via Roncaglia, 12, Milan, and it is associated with the Milan metro area. Founded in 1826 in Milan, the institution combines its historical legacy with modern financial capabilities, providing services aimed at managing and enhancing clients’ financial wealth.
The bank manages an AUM of €32.82B. Its offerings include personalized wealth management and specialist advisory services designed to optimize and protect client assets. Through collaboration with the Banco BPM Group, Banca Aletti provides a comprehensive range of services, from structuring to execution, ensuring clients have access to qualified expertise and prestigious partnerships for tailored portfolio and planning solutions.
10. Banca Patrimoni Sella & C. S.p.A.
AUM: $31.65B
Metro: Milan
Banca Patrimoni Sella & C. S.p.A. operates as a Bank specializing in wealth management services. The firm is located at Via Santa Margherita, 4, Milan, and is associated with the Milan metro area. It focuses on the management and administration of assets for both private and institutional clients, combining banking capabilities with dedicated wealth expertise and client service.
The firm reports total AUM of €31.65B. Its platform is centered on portfolio management and asset administration tailored to client needs, supported by dedicated partner bankers within the broader capabilities of Gruppo Sella. Banca Patrimoni Sella emphasizes robust governance and regulatory frameworks in its service delivery and reporting.
To view more bank trusts in Italy or other countries, book a demo of Dakota Marketplace.
