UBI Pramerica SGR is the asset management company created as a joint venture between UBI Banca and Pramerica Financial* in 2001. The partnership combines the substantial presence and long history of UBI Banca in the Italian market with the international investment management expertise of Pramerica Financial.
UBI Pramerica offers a wide and comprehensive range of investment solutions to suit every risk/return profile and includes Italian domiciled mutual funds, a Luxembourg sicav, individually managed accounts invested in funds and securities and the management of mandates for institutional clients. As of 30th June 2016, UBI Pramerica managed AUM of about 48 bn euro.
The mission of UBI Pramerica is to create value by integrating local knowledge and global expertise in order to protect and grow the wealth of its customers. To maximize results, UBI Pramerica combines the local capabilities of the Italian management teams with the global professional expertise of Pramerica Financial, for a total of over 400 specialists: in addition to its teams specialized in Euro area based in Milan, UBI Pramerica relies on the expertise and professional skills of three units specialized in asset management, based in the United States and controlled by Pramerica Financial, i.e. Jennison Associates, PGIM Fixed Income** and QMA (Quantitative Management Associates). UBI Pramerica sets the investment goals and strategies and defines the global strategic and tactical asset allocation, while the individual investment teams implement the portfolios in accordance with the agreed-upon strategies.
The offerings of UBI Pramerica is available through the over 1,500 branches of the seven network banks of the UBI Banca Group (Banca Popolare di Bergamo, Banco di Brescia, Banca Popolare Commercio e Industria, Banca Regionale Europea, Banca Popolare di Ancona, Banca Carime e Banca di Valle Camonica), the online bank integrated with the network of financial advisors (IW Bank Private Investment), the structure of private bankers and corporate banker of UBI Banca (UBI Private & Corporate Unity) and third party distributors.
UBI Pramerica is controlled for 65% by UBI Banca Group and for 35% by Pramerica Financial.