# Agnelli investment firm hires former UK minister Osborne
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-15
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Agnelli Investment Firm Hires Former UK Minister Osborne
Meta Description: Lingotto Investment Management, owned by Italy's Agnelli family, appoints George Osborne and James Anderson to expand assets under management.
URL: https://financedigest.com/agnelli-investment-firm-hires-former-uk-minister-osbornehtml

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PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finance minister George Osborne and veteran fund manager James Anderson as it weighs expanding its assets under management, it said on Monday.

Owned by Exor NV, the Agnelli family holding company, Lingotto, builds on investment activities Exor previously managed on behalf of its former reinsurance unit ParnerRe, which it sold last year to French insurance group Covea.

Lingotto had around $3 billion in assets under management at the end of March provided by Exor and Covea.

Going forward, Lingotto will also consider selectively increasing the amount of third party [assets it manages,”](https://www.financedigest.com/how-modern-digital-asset-management-technology-can-help-improve-digital-marketing-in-financial-services.html "How modern Digital Asset Management technology can help improve digital marketing in Financial Services") the investment company said in a statement.

Osborne will be [non-executive chairman](https://www.financedigest.com/foresight-metering-appoints-ex-npower-ceo-volker-beckers-as-non-executive-chairman-to-lead-smart-meter-funding-drive.html "Foresight Metering appoints ex npower CEO, Volker Beckers, as Non-Executive Chairman to lead smart meter funding drive") of Lingotto. He served as British finance minister from 2010-2016 and has since held a variety of roles and is currently a [partner at investment bank](https://www.financedigest.com/mastercard-selects-token-io-partner-new-open-banking-hub.html "Mastercard Selects Token.io as a Partner for its New Open Banking Hub") Robey Warshaw.

Anderson’s role will be to [invest in innovation](https://www.financedigest.com/innovative-finance-isas-the-building-blocks-for-good-investment.html "Innovative Finance ISAs: the building blocks for good investment?"). He previously worked for Edinburgh-based [Baillie Gifford](https://www.financedigest.com/baillie-gifford-champions-value-for-money-in-active-management.html "Baillie Gifford champions value for money in active management  ") where he was an early investor in companies such as Amazon and Tesla.

Anderson, a Briton, is also chairman of Swedish [investment firm](https://www.financedigest.com/blockchain-valley-ventures-accelerator-and-venture-capital-firm-for-blockchain-businesses-launches-with-hybrid-investment-model.html "Blockchain Valley Ventures, Accelerator And Venture Capital Firm For Blockchain Businesses, Launches With “Hybrid” Investment Model") Kinnevik.

Lingotto, based in London and previously known as Exor Capital, is [headed by CEO](https://www.financedigest.com/starbucks-taps-head-of-lysol-maker-reckitt-as-its-new-ceo.html "Starbucks taps head of Lysol maker Reckitt as its new CEO") Enrico Vellano. Named after a big Fiat factory built in Turin a century ago by the Agnellis, Lingotto can be translated as “ingot”.

(Reporting by Sudip Kar-Gupta in Paris, Keith Weir in London, Giulio Piovaccari in Milan; Editing by Kirsten Donovan and Bernadette Baum)


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