Mediobanca CEO Plans to Pursue Wealth Management M&A

The transcript discusses the company's growth strategy, focusing on acquisitions like Barclays in Italy and RAM Asset Management. It outlines the dividend policy, capital generation, and plans for future acquisitions, emphasizing a preference for midsize acquisitions over large ones. The three-year plan is on track, with no revisions planned. The market outlook for Italy remains positive despite some risks, and the company sees market volatility as a potential opportunity.

What has primarily driven the company's top-line growth?

• New product launches

• Acquisitions

• Cost-cutting measures

• Organic expansion

What is the company's future policy for dividend payout?

• Maintain a payout below 40%

• Increase payout to 60%

• Maintain a payout between 40% and 50%

• Eliminate dividend payout

What type of acquisitions does the company prefer?

• Large acquisitions

• Only international acquisitions

• Midsize acquisitions

• No acquisitions

In which area is the company focusing its wealth management efforts?

• Spain

• Italy

• Germany

• France

How does the company view market volatility?

• As an opportunity

• As a threat

• As irrelevant

• As a minor concern

What is the company's outlook on Italy's market environment?

• Neutral

• Uncertain

• Negative

• Positive

What is the company's strategy for dealing with political uncertainties in Italy?

• Halt all operations

• Reduce investments

• Focus on acquisitions

• Increase marketing efforts