Class CNBC Special Interview

In this Class CNBC special interview, Furio Pietribiasi, CEO of Mediolanum International Funds, sits down with the Italian broadcaster to discuss the forces reshaping the asset management industry today. Against a backdrop of heightened volatility, geopolitical uncertainty and rapid technological change, the conversation explores why active management is once again at the centre of investor debate,  and how managers who can anticipate, rotate and react quickly are finding fresh opportunities in the dislocations that passive strategies, by design, cannot capture.

Much of the discussion turns to the rise of artificial intelligence and the implications for an industry built on judgement, governance and trust. Furio explains why AI's real power lies in augmenting human expertise rather than replacing it, why regulation will continue to insist on the "human in the loop", and how the gap between firms is increasingly defined not by who uses AI, but by who uses it best. He also offers a candid view of how Mediolanum International Funds is approaching its own multi-year AI roadmap — from data infrastructure and end-to-end process design to the centralised governance that keeps critical decisions safe.

Finally, Furio reflects on what this new era means for talent — why young professionals are more important than ever, how AI is accelerating their path to productivity, and why initiatives like the company's Investment Academy are central to building the next generation of active managers. Watch the full interview below for Furio's perspective on where active management, technology and human judgement converge.

Watch the full interview below.