Unione Fiduciaria
Unione Fiduciaria S.p.A. – Società Fiduciaria e di Servizi delle Banche Popolari Italiane (literally Fiduciary Union) is an Italian custodial bank that specialized in custodial services.[2] HistoryThe bank was formed by 8 People's Banks (Italian: Banca Popolare) of Italy in 1958 to act as custodian for those banks. On 30 April 2015 UBI Banca sold the business in UBI Fiduciaria to Unione Fiduciaria.[3] In 2016 Unione Fiduciaria acquired Istifid, which was owned by Banco di Desio e della Brianza, Credito Valtellinese, Canova Investissements, Allianz Bank Financial Advisors S.p.A., Banco Azzoaglio and others.[4] After the deal Credito Valtellinese and Banco Desio increased their stakes in Unione Fiduciaria.[5][6] Istifid acquired Aperta Fiduciaria, a wholly owned subsidiary of Credito Valtellinese in 2013.[7] ShareholdersIn 2013 UBI Banca sold all its stake (10.501%) for €3.4 million.[8][9] As of 31 December 2014[update] the bank had the following shareholders:
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