Unione Fiduciaria


Unione Fiduciaria S.p.A. – Società Fiduciaria e di Servizi delle Banche Popolari Italiane is an Italian custodial bank that specialized in custodial services.

History

The bank was formed by 8 People's Banks 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. 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. After the deal Credito Valtellinese and Banco Desio increased their stakes in Unione Fiduciaria. Istifid acquired Aperta Fiduciaria, a wholly owned subsidiary of Credito Valtellinese in 2013.

Shareholders

In 2013 UBI Banca sold all its stake for €3.4 million.
the bank had the following shareholders: