Hiring Pulse
Entrepreneur/family business relationships and tax-aware planning are key.
Hot roles
- Onshore PB
- UHNW RM
- Team Lead North
Hot skills
- Insurance wrappers
- Alts
- Succession planning
PRIVATE BANKING · MILAN
Move your book to Milan with confidence.
Northern Italy wealth centre serving entrepreneurs and family-business owners, with growing interest in Alts and cross-border solutions.
At a Glance
High-signal facts to orient quickly in the Milan private banking market.
Focus
Onshore Italy
Tax
Flat-tax relocations
Comp
Below CH/UK
Cross-border
CH/LU wrappers
Why Private Bankers Consider Milan
Milan is a relevant hub for Private Banking and Wealth Management, combining local client depth with access to regional or global booking centres. Senior Relationship Managers typically consider a move when their existing platform no longer matches the needs of their clients, or when they see a stronger long-term fit in terms of product, governance and growth.
The right platform in Milan will usually offer a credible brand, robust regulatory set-up and the ability to service your core client segments over the next decade. That often includes better credit support, a broader investment shelf or more flexible booking options.
To explore options, you can review relevant roles on the jobs page, register via the candidates hub, or contact us for a confidential discussion. You can also pre-test a move using the Business Plan Simulator.
Compensation & Bonus Benchmarks
Directional ranges for mid-senior Relationship Managers through team leadership. Actual offers vary by portable book, ROA, product mix and firm performance.
| Role | Base (low) | Base (high) | Typical bonus | Top-quartile note |
|---|---|---|---|---|
| RM / Private Banker | 60.000 € | 100.000 € | 20–50% | — |
| Senior RM / Director | 100.000 € | 140.000 € | 30–60% | — |
| Team Lead / Market Head | 130.000 € | 160.000 € | 40–80% | — |
Licensing & Compliance
Regulator, certifications and key compliance expectations for private bankers in Milan.
Regulator
Banca d’Italia / CONSOB
Must-have certifications
- MiFID II
- Local suitability rules
- AML/CTF
Italian is required. Italy’s flat-tax regime has made UHNW relocation more attractive and connects Milan directly to Swiss and Luxembourg structures.
Client Base & Sourcing
Where growth typically comes from and what matters on the ground in Milan.
- Domestic entrepreneurs and industrial families
- Cross-border CH/LU wrappers and booking centres
- Insurance and structured solutions gaining share in allocations
Banking Ecosystem in Milan
Key booking centres, leading private banking platforms and the independent wealth ecosystem you will interact with if you move your book to Milan.
Booking / execution
- Milan
- Luxembourg
- Zurich
- Geneva
Key private banking platforms
- Intesa Sanpaolo Private Banking
- UniCredit Private Banking
- Banca Generali
- UBS
- Credit Suisse legacy (UBS integration)
EAMs & family offices
- Italian multi-family offices
- Private offices for industrial families
Regulators: Banca d’Italia • CONSOB
Relocation & Tax
Milan offers depth in onshore wealth and is within easy reach of Swiss platforms. Packages are generally below CH/UK but improving for senior UHNW-focused roles.
For Private Bankers in Milan
Share a high-level overview of your book, ROA and target platform profile. We only approach institutions where your franchise is genuinely strategic.
For Hiring Managers
We provide calibrated market mapping, vetted shortlists with real portability and structured business cases that stand up in internal approvals.
Compensation ranges are directional benchmarks for 2025 private banking roles (mid-senior RM to team lead). Final offers vary by portable book, ROA, lending penetration, alternatives distribution, compliance history, and firm performance. Figures are not an offer and are provided for guidance only.