# FinecoBank

FinecoBank is a Bank / Wealth / Trust based in Milan, Italy.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Milan, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** finecobank.com
- **LinkedIn:** https://linkedin.com/company/fineco-s.p.a.

## Regulatory record

- **Reports private funds:** No

## About

FinecoBank is a financial institution that offers banking, trading, and investment services. It provides various account options, including Fineco One, Fineco Classic, and Fineco Max, with different features and pricing. The bank also offers private banking and trading services.

## Sectors

- Financial Services
- FinTech

## Offices

- London, United Kingdom

## People

- Alessandro Foti — Chief Executive Officer
- Fabio Milanesi — Chief Financial Officer

## Questions

### Who runs FinecoBank's day-to-day operations?

Alessandro Foti is the CEO of FinecoBank, a position he has held since 2014 when the bank listed independently on the Milan Stock Exchange. He previously managed the firm during its time as a division within UniCredit. Fabio Milanesi serves as CFO.

### Is FinecoBank primarily a bank or an investment platform?

It operates as both under a single Italian banking license. The deposit-taking and lending franchise funds the brokerage and wealth-management operations, creating a flywheel where net interest income subsidizes the commission-free trading platform. This hybrid structure allows Fineco to report strong profitability without relying on forced subscription models.

### Does FinecoBank use an external custodian for client assets?

No. Fineco holds its own banking license and acts as a direct custodian for client securities and deposits. This removes a layer of third-party cost and counterparty risk, contributing to the firm's high operational margins.

### What markets does FinecoBank serve outside Italy?

The primary foreign market is the United Kingdom, where Fineco operates through a regulated subsidiary offering stockbroking, investment accounts, and savings products. The UK business accounted for roughly €8 billion of the firm's total financial assets as of mid-2024 (per FinecoBank 2024 interim report).

### Is FinecoBank's technology platform built in-house?

Yes. Fineco has built and maintained its own brokerage engine, core banking system, and customer-facing mobile and web application since its inception. This vertical integration is rare among European retail banks and gives Fineco a cost advantage in servicing mass-affluent and active-trading customers.

### What is FinecoBank's relationship with UniCredit?

FinecoBank was originally founded as the online-banking division of UniCredit in 1999. UniCredit sold its remaining controlling stake in 2016 and fully exited by 2019. Fineco has operated as a fully independent, publicly listed entity since its 2014 IPO.

## Related profiles

- [finccam](https://altss.com/profile/finccam)
- [FirstHealth of the Carolinas](https://altss.com/profile/firsthealth-of-the-carolinas)

---

Updated: 2026-07-10T23:26:12.000Z

Canonical page: https://altss.com/profile/finecobank

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology