INTESA SANPAOLO PRIVATE BANKING S.P.A.

Intesa Sanpaolo Private Banking S.p.A. is the private banking entity of Intesa Sanpaolo Group focused on high-net-worth and ultra-high-net-worth clients, entrepreneurs, and family holdings, operating under an Italian banking license and subject to oversight by the Bank of Italy and Consob for investment services. The bank offers advisory and discretionary portfolio management, order execution and custody, access to mutual funds and ETFs, bonds and equities, structured notes, and alternative investments subject to eligibility; it also distributes life-insurance solutions and provides credit secured by financial assets (e.g., Lombard lending), mortgages, and transactional services in major currencies. Wealth planning services include support on succession, governance, and asset-holding structures delivered by in-house specialists and external partners, with the bank acting within regulatory limits for tax and legal matters. The product platform combines proprietary solutions from group asset managers and insurers with third-party offerings, with open-architecture availability varying by client profile and jurisdiction; sustainable investment options are available in line with EU SFDR, and client ESG preferences are captured under MiFID II. Client onboarding includes KYC/AML checks and MiFID II profiling for suitability and appropriateness, with periodic reviews and mandatory disclosure of costs and charges; fees typically include management and, where applicable, performance fees on mandates and funds, custody and brokerage fees, and FX and credit spreads, all detailed in pre-contractual and ex-post reports. Accounts are supported by digital channels with portfolio reporting, secure messaging, and electronic signatures, using strong customer authentication under PSD2, alongside a network of private banking offices across major Italian cities; cross-border services and booking via group affiliates (e.g., Luxembourg or Switzerland) are available subject to local regulations. Eligible deposits are protected by the Italian deposit guarantee scheme (Fondo Interbancario di Tutela dei Depositi) within statutory limits per depositor per bank; investment products are not covered by deposit insurance and can fluctuate in value, with capital protection only when explicitly stated. Minimum relationship sizes apply and are not public, and service scope, product access, and documentation requirements depend on the client’s residency, regulatory status, and risk profile.