Banco Mediolanum reinforces its presence in Valencia, where it has grown the most after the pandemic

The main managers of Banco Mediolanum inaugurated yesterday in Valencia its new headquarters in the Valencian capital, located in the modernist Casa Tarín in the financial heart (or what remains of it) of the city.

NewsEditor
NewsEditor
23 November 2022 Wednesday 21:39
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Banco Mediolanum reinforces its presence in Valencia, where it has grown the most after the pandemic

The main managers of Banco Mediolanum inaugurated yesterday in Valencia its new headquarters in the Valencian capital, located in the modernist Casa Tarín in the financial heart (or what remains of it) of the city. A launch in which the CEO, Massimo Doris, participated, who highlighted that in recent years the business in Valencian territory has grown "a lot, half of the family bankers (financial advisors) are in Valencia".

The bank's CEO in Spain, Igor Garzesi, also pointed out that in the growth that the entity has experienced in recent years, especially after the pandemic, "Valencia and the entire Levante area have been the protagonists", referring to the Valencian Community but also to Murcia, Albacete and Cuenca. In this demarcation there are 66,018 clients, 32% of the total of their Spanish clients, and here they manage assets of 2,655 million euros, with data from this last third quarter.

The person in charge of the network of financial advisors in the area, Javier Fano, placed special emphasis on the commitment to Valencia, who remarked that the new headquarters "responds to the relevance of the financial market itself and the high demand for advice."

Banco Mediolanum's interest in attracting talent goes hand in hand with growth, as Javier Fano explained that "we need many more people" and acknowledged that he is "constantly looking for professionals to join us". They currently have a network of 1,598 financial advisors throughout Spain, but in their strategic plan they contemplate reaching 3,000 in the coming years.

Those responsible for the bank explained that in the current context, savers need "new answers" to those that they have generally obtained up to now from traditional banks and stressed their commitment to a "different" project that moves away from call centers. "Purely digital platforms will be successful, but we will always have a very important part of savers who will need to talk to people," said Massimo Dori, CEO and son of founder Ennio Doris.

In this sense, and to the question of whether they will adhere to the "friendly banking" label designed by the Valencia City Council after the criticism of the banking treatment of the elderly, Igor Garzesi pointed out that "the model itself is already associable to we always incorporate cutting-edge technology, but there is always someone you can talk to."

Regarding the mortgage agreement to which the bank has given its approval, the directors of Banco Mediolanum explained that they "celebrated" the agreement and estimated that 3,000 clients, by income level, could a priori adhere to it.

On the other hand, regarding the future banking tax that the executive is designing, Igor Garzesi opined that the formulation is "improvable" and asked that the costs be also taken into account because "only taking the income is not completely balanced."

With the transfer of headquarters presented yesterday, the one of the headquarters in Spain is also renewed, since the company has its registered office in the Valencian capital -until now in Calle Lauria de València-, although the operational centers of the entity and the of its employees have been in Barcelona since October 2017. It is the formula already applied by CaixaBank or Banco Sabadell, in this case based in the city of Alicante, and which is also the result of the movements of transfer of registered office after the Procés.

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