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Intesa Sanpaolo SpA engages in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance and Corporate Centre. The Banca dei Territori segment oversees the traditional lending and deposit collection activities in Italy. The IMI Corporate and Investment Banking segment deals with corporate and investment banking and acts as a partner for corporates, public administration and financial institutions. The International Subsidiary Banks segment operates on international markets through subsidiary and associated banks. The Private Banking segment specializes in the asset management of private and high net worth individuals. The Asset Management segment develops solutions targeted at the firm's customers, commercial networks, and institutional clientele. The Insurance segment includes Intesa Sanpaolo Vita, Fideuram Vita, Intesa Sanpaolo Assicura, and Intesa Sanpaolo Assicura. The Corporate Centre segment comprises of the group's treasury and the Capital Light Bank. Intesa Sanpaolo was created on the 1st of January, 2007, through the merger of two leading Italian banking groups, Banca Intesa and Sanpaolo IMI and is headquartered in Turin, Italy.