Banca Esperia selects Algo Risk Service

Banca Esperia, the private bank of Mediobanca, Mediolanum & Partners, has deployed Algo Risk Service, a web-based portfolio construction and risk management system developed by Canadian risk management technology vendor Algorithmics. The Milan-based bank says its assets under management have grown rapidly in the past five years and clients are seeking strongly diversified investments to reduce concentration risk within their portfolios. The exponential growth has driven the need for strong r