SWITZERLAND/ITALY – Monte Paschi Asset Management and SAM Sustainable Asset Management have established an agreement to work together in an attempt to become the market leader in sustainability investments in Italy.

The co-operation between the two companies will offer services including active and passive investment mandates and sustainability advisory services for portfolio construction and optimisation to Italian institutional investors.

Says SAM: "SAM’s competence in sustainability research, structuring and managing of equity based investment products and services based on a "best-in-class" approach plus MPAM’s powerful distribution network, strong customer base, fixed income management competence and strong brand recognition in the Italian market allows for a maximum of synergies. "

According to SAM, sustainability business has been growing in Italy. SAM has expanded its research to 75 listed Italian companies and established an office in Milan last year as a result of increasing demand.

Monte Paschi Asset Management is the asset management company of the Italian Monte dei Paschi Group, with 40 billion euros in assets under management. SAM is a Swiss asset management company specializing in sustainability investments.