Banca IMI, the investment banking arm of Italian financial group Intesa Sanpaolo, has announced a more than doubling in profits for the first half of the year a month after the bank announced the completion of the division’s restructuring.

Net profits at Banca IMI reached €293m ($418m) in the first half of the year, a 110% increase on the division's performance in the same period in 2008, with the bank winning several important mandates.

Banca IMI profits double in wake of business merger

Harry Wilson

Intesa Sanpaolo

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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