MILAN (Reuters) - Intesa Sanpaolo (ISP.MI) has no potential partnership in immediate sight for its asset management business, the head of Italy’s biggest retail bank said on Monday.
“As for 2019, we’ll see,” Carlo Messina told reporters on the sidelines of an event.
Presenting its new business plan in February, Intesa had said it wanted to find an asset management partner as soon as possible.
The bank has held talks with industry leader BlackRock (BLK.N) but political and market turmoil in Italy have slowed down a potential deal, sources have told Reuters.
Reporting by Gianluca Semeraro, writing by Valentina Za, editing by Francesca Landini