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Scm Sim, assets under control grow to 1,083 billion euros

 
MILAN (AIMnews.it) - In 2017 Scm Sim achieved 4.1 million in net interest and other banking income (3.9 million in 2016), 7.9 million in commissions earned (6.9 a year earlier) and a result for the year negative by 0.315 million (against 0.007 million in 2016). Assets under control grew in 2017 from 1,047 to 1,083 billion euros. "2017 was a challenging year, in particular for the strengthening of the structure and for the adaptation to MiFID 2 which required a series of refinement interventions in the business model already in line with the directive - explained Ad Antonello Sanna - At the end of 2017 the company had 1.1 billion euros of assets under control and in 2018 it will continue to increase and consolidate our competitive positioning". Since the beginning of the year three bankers have been inserted and another five are awaiting a mandate, which leads to a significant increase of 25% in the network. "By the end of the year, we plan to add another 15 resources from the Young Talent Hub project, and at least 4 professionals from the market. We have released the first sub-fund of the SICAV and launched two new management lines, in line with market changes. The first months of 2018 announce a year of growth for SCM SIM during which to develop new strategic value agreements with senior players with the aim of enriching the range of our offer for "managed accounts" or delegated management" concludes Sanna.

15/03/2018