CEO of Azimut Holding Gabriele Blei sees a bright future for the world after Joe Biden’s election

After four years in the presidency of the United States, Donald Trump is being substituted by Joe Biden. With over 10 million people unemployed and a new wave of Covid-19 infections though, Joe Biden’s America is rather a big challenge that the politician needs to face with an economic plan that allegedly will be American-centered. In spite of that, there is no doubt that the country still has profound influence in the rest of the world.

With that in mind, Gabriele Blei, CEO of Azimut Holding, sees this change between the new U.S. administration and the previous one as a substantial event. “This is a change that isn’t only economic, but I would also say cultural, from which I believe the global economy will benefit. President Biden must be focused on reuniting America and its citizen, following the demonstration in Washington, as well as re-launching the economy on the aftermath of the Covid emergency,” argues the leader of the world-class company in the consulting and asset management sector.

For Blei, this change of administration is crucial for the corporate America and its consumption-driven economy, meaning that Joe Biden’s election poses a “decisive restart in consumption, which, if accompanied by continuous support of the Central Bank and aggressive fiscal policies, may set the tone for a rise towards a strong economic recovery.”

With a presence in 17 countries, the Italian company Azimut Holding is taking a closer look into Joe Biden’s economic policy agenda. According to the Washington Post, the new American president aims to include stronger stimulus and spending programs that will be soon implemented to prop up the U.S. economy, so that it may “prevent a catastrophic collapse before the pandemic begins to wane.”

But in spite of the pessimistic rates of 2020, Azimut Holding still achieved a record year: net profit reached the mark of 375 and 415 million euros, its highest ever. Such successful achievement is partly due to their consistent net return to customers. For the past two years, the company has offered a cumulated 10% of net return on investment. Currently, Azimut Holding offers a capitalization of € 2,600 billion and assets under management of over 60 billion euros. In the USA, Azimut is today present through several subsidiaries in the alternative investment management and advisory and distribution services, which translate into $ 9 billion of assets under management, 23 investment professionals, 140 financial advisors.

According to Azimut CEO Gabriele Blei, in spite of all difficulties that this recovery may bring, for instance with a return of inflation and the steepening of the interest rate curve, there is still an optimistic scenario ahead: “My feeling remains positive and we are convinced that a recovery in the American market will have positive effects on both the economies of dominant countries and on those of developing countries.”

This article does not necessarily reflect the opinions of the editors or management of EconoTimes