Westlake Village based Maverick Angels announced today its alliance with Intesa SanPaolo Bank, Italy's largest bank and among the largest financial institutions in Europe to create a new angel investor network based in Milan. Read press release.

I hope Italian Angels for Growth Managing Director Marco Villa knows what he'll be dealing with. Listen to my interview with Maverick Angel founder John Dilts. Jason Calacanis has had a lot to say about Keiretsu and Maverick; can't wait to hear his take on this.

Wait... no fees to pitch? See comment from John Dilts.