MILAN (Reuters) – Italy’s Banca Generali does not expect to take part in big merger deals although smaller ones could be a possibility, its chief executive said on Monday as the asset manager pledged to grow net profits by up to 15% each year to 2024. In a press briefing to present a new three-year strategy, Chief Executive Gian Maria Mossa said large tie-ups with other players would be complicated by the company – the wealth management arm of Italy’s top insurer Generali – having, for example, different distribution models to its peers. “At this stage, I do not see room for transformational d…