Banca Mediolanum


Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum.
The bank is listed on the Borsa Italiana and is a constituent of the FTSE MIB index from the end of 2015 when it incorporated it parent company Mediolanum S.p.A..
Mediolanum Group was founded by Ennio Doris, the current second largest shareholders of the conglomerate. The conglomerate provided asset management, banking, insurances services to customers in Italy, Spain and Germany
Despite being ranked sixth by market capitalization among financial services companies, the conglomerate was ranked 13th by total assets among bank, as well as much smaller in size by risk-weighed assets, thus the conglomerate was not included in the Single Supervisory Mechanism. However, after Banca Mediolanum reversed the merger with Mediolanum, the European Central Bank started a comprehensive assessment to assess the conglomerate and decided the conglomerate would not be included. Eventually, Banca Mediolanum remained as a less-significant bank, which would not be supervised by the European Central Bank directly.
The current CEO of the company was Massimo Antonio Doris.

Shareholders

The current major shareholder of the financial institute were Doris family and Fininvest. They formed a shareholders' pact for 51% stake. However, the voting rights of Fininvest was in fact suspended as Italian court ruled that Silvio Berlusconi could not own more than 10% stake of any financial institute.