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FinecoBank gains approval for Irish asset management unit

The Central Bank of Ireland authorized FinecoBank Banca Fineco SpA to perform asset management operations in the country through fully owned unit Fineco Asset Management DAC.

The authorization came earlier than expected and allows Fineco Asset Management to be fully operational within weeks, FinecoBank said May 18.

UniCredit SpA owns a 35.43% stake in FinecoBank, according to S&P Global Market Intelligence data.