"July inflows will be very strong, especially those into managed assets, an important result if you consider the seasonal factors related to the summer period," Foti told Reuters.

He also ruled out growing the business through acquisitions.

"Our organic growth outlook is so strong that we do not need to pursue external growth," he said.

Official data on July inflows will be disclosed in the coming days.

(Reporting by Maria Pia Quaglia, editing by James Mackenzie)