Why Milan

Why Milan

Facts about the city

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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