Prospectus - Notowania

assets under management of USD 25.3 billion as at September 30, 2009,
corresponding to a market share of 0.98% with respect to said segment 27 .
(d) Private Banking
With more than 250 branches and almost 1,200 private bankers, the UniCredit
Group’s Private Banking Business Unit has one of the most widespread networks in
Europe.
In Italy, where it has a presence with UniCredit Private Banking, UniCredit is among
the leading banks dedicated to private customers. With total financial assets of roughly
€63 billion as at December 31, 2008, of which approximately €50 billion held by
families 28 , UniCredit held roughly a 6% market share of total financial assets 29 .
In Germany, thanks to HVB’s Wealth Management Business Line, UniCredit is
among the main banks dedicated to the private segment, reaching total volumes
exceeding €25 billion as at December 31, 2008 (including Wealth Management
Capital Holding), and a market share equal to roughly 5% 30 .
In Austria, through BA subsidiaries belonging to the Business Unit (Schoellerbank
AG, Asset Management Gmbh and Bank Privat AG), as at December 31, 2008,
UniCredit held total financial assets amounting to roughly €13 billion. The market
share stood at more than 13% 31 .
In order to reorganise the perimeter of activities previously carried out by the different
companies controlled by BA and attributable to Private Banking (Bank Privat AG,
Schoellerbank AG and Asset Management GmbH), and to align itself with the model
of service offered to the customer of all Private Banking structures of the UniCredit
Group, 2009 was characterised by a process of reorganisation, approved by the FMA
on September 16, which provides for:
• the transfer of certain Asset Management GmbH activities to Pioneer
Investments Austria GmbH, a company indirectly owned by the UniCredit
Group through PGAM;
• the subsequent merger by incorporation of Bank Privat AG and the
remaining activities of Asset Management GmbH into BA.
(e) Corporate & Investment Banking
With banking operations in 22 countries and an international network extended to 26
countries, with a key strategic presence in Munich, London, Milan and Vienna and in
CEE countries, as well as in the United States of America and Asia, CIB offers its
business and financial institution customers an extensive range of specialist products
27
Source: Strategic Insight. The non-proprietary segment is characterised by total assets under management of 2,268.6
billion dollars. The figures relative to the USA market include open- and closed-end funds, but exclude variable
annuities.
28
The remaining part (roughly EUR 13 billion) is held mainly by banking foundations and other institutional investors.
29
Source: Magstat, AIPB
30
Booz & Company study “Private Banking in Austria” (market total) and press (figures on individual banking
institutions)
31
Booz & Company study “Private Banking in Austria” (market total)
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