Milan, located in northern Italy, is the country’s second-largest city. It is the centre of the wealthy Lombardy region that’s home to more than 10 million people, including a large expat population
2nd largest economy amongst European cities (minus UK) after Paris, and the largest among European non-capital cities
The province of Milan generates approximately 9% of Italy’s GDP; while the economy of the Lombardy region generates approximately 20% of Italy’s GDP
With over 800 start-ups now based there, Milan is leading European hub for start-ups
In the late 19th century industrializing Milan set itself up as a capital of innovation, production, and efficiency. Milan became Italy’s centre of industry and finance, as well as the motor behind the country’s extraordinary economic development in the 20th century
Today Milan is the richest city in Italy and one of the richest in Europe. The highest income earners of Italy work in Milan
Facts about financial institutions in Milan
Europe’s oldest financial centre
Milan is the home to Italy’s main banking groups (198 companies), including Banca Popolare di Milano, Mediobanca, Banca Mediolanum and UniCredit and over forty foreign banks. Also, most asset management companies are based in Milan, including Anima Holding, Azimut Holding, ARCA SGR, and Eurizon Capital
Milan also generally plays host to the Italian headquarters of most European banks
The Associazione Bancaria Italiana representing the Italian banking system and Milan Stock Exchange, known as Borsa Italiana, are both located in the city
The Borsa Italiana S.p.A., located in Piazza degli Affari, is Italy’s main stock exchange. It was privatised in 1997 and is a subsidiary of the London Stock Exchange Group plc since 2007
225 companies are listed on Borsa Italiana including Fiat Chrysler Automobiles, Eni, Ferrari, Orange S.A., Banco Santander, UniCredit, YOOX Net-a-Porter Group
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Select Milano guides a proactive Italy, which builds, and knows how to create a system, with the aim of making Milan the financial capital of the Eurozone.
Select Milano is an independent and non-governmental organisation. It is not funded by the government or any political party.