Governance that creates value
We believe that good governance is an essential instrument for creating sustainable value for shareholders and all stakeholders over time.
Our commitment to strengthen the competitiveness of the Italian production system is based on a management system inspired by the principles of effectiveness, transparency and ethics.
A governance system based on the correct division of powers and the assignment of roles, capable of promoting the best use of capital for the development of companies and preventing, identifying and managing the typical risks of this activity.
Determines business objectives and decisions, plans and defines the investment / disinvestment policies of the Funds and checks the concrete implementation of the same.
Formulates proposals to the Board on the remuneration of the Company's top positions.
Issues motivated technical opinions, in accordance with the provisions of the individual fund Regulations.
Assesses potential conflicts of interest of the AMC, its shareholders and related parties, or of other Fund participants.
Carries out supervisory and control functions
Board of Directors
The Board of Directors is made up of 11 members.
Andrea Montanino is Chairman of Fondo Italiano d’Investimento SGR and he is Chief Economist at Cassa Depositi e Prestiti Group.
Previously, he worked in a number of international institutions: he was Executive Director and member of the Board of the International Monetary Fund, Director of the Global Business and Economics Program at the Atlantic Council in Washington D.C., Senior Economist at the European Commission, DG ECFIN.
In Italy, he was Chief Economist at Confindustria, Director General at the Treasury Department at the Ministry of Economy and Finance, Head of the Technical Secretariat of Minister Padoa-Schioppa. During the period at the Treasury he chaired the Steering Committee that originated Fondo Italiano d’Investimento and represented the Treasury on the Board of Directors in the first 4 years; moreover, he was a member of the Board of Directors of F2i, So.Ge.I., and Vice Chairman of MedioCredito Centrale – Banca del Mezzogiorno.
He has a Doctorate in Economics from the University of Rome La Sapienza and a Master Degree from the London School of Economics.
Antonio Pace has been Managing Director and Chief Executive Officer of Fondo Italiano d'Investimento SGR since December 2019. He was most recently founder and manager of the first alternative macro fund Morgan Stanley Investcorp Geo-Risk Fund in New York.
Prior to that, he was Managing Director Head of Strategic Equity at investment bank Credit Suisse First Boston, between London and Milan.
For the previous 10 years, after working at Morgan Stanley International Limited in London, he was co-head of Strategic Equity for Southern Europe at Société Générale, between Paris, London and Milan.
He is Professor of "Risk Management" at Università Cattolica del Sacro Cuore, member of the Advisory Board of the EMCFB of the SDA Bocconi School of Management, formerly Professor of International Financial Markets at Università Bocconi, where Antonio also graduated; he is FSA certified in London, he participated in Morgan Stanley's Investment Banking program in London and he furthered his studies at INSEAD in Fontainebleau, SGCIB Investment Banking program.
Simonetta Acri has been Chief Sales Officer at SACE since 2017.
She joined SACE in 2003, where, over the years, has held various top-level positions. She was first Deputy Head of the Marketing Division (from 2003 to 2005), then she held the position of Head Business Development & New Markets (from 2005 to 2008) and later she became Head Triveneto Area (from 2009 to 2012). From 2013 to 2017 she was Managing Director Domestic Network.
Previously, from 1999 to 2003, she worked for Deutsche Bank as Regional Head Structured Trade & Export Finance, Corporates and Investment Bank Division for the Southern Europe and Balkan Region.
From 1994 to 1999, she was Head Trade Finance Unit at Morgan Grenfell.
She is member of the Board of Directors of SACE FCT Spa and formerly she was in SIMEST Spa and Veneto Sviluppo Spa.
Moreover, she is member of the Board of the Master CARINT – Corporate Advisory and Intercultural Resources at Università Cattolica del Sacro Cuore.
She graduated with honors in Political Science at University of Padua in 1989 and she got a Master with Legal-Economic Specialization in International Trade from the Institute of European Studies in Turin in 1988.
In 1980 he started his career at UniCredit Group, former Credito Italiano, holding various key roles in the Italian commercial network until 1987.
He worked with increasing responsibilities at the branches of Brescia, Venezia, Roma, Thiene, Udine e Firenze.
In 1999 he took over responsibility for the implementation of the new Corporate service model in the 7 federated banks of the Group.
In 2001, due to the expansion of the Group in Central Eastern Europe, he was appointed manager in the Corporate area of the New Europe Division.
In 2002 he started his career abroad as Vice-Chairman of the Board and COO of Unibank in Slovakia. Subsequently, in 2005, he played the same role at the Zivnostenska Banka in Czech Republic.
In 2006, after the merger between UniCredit Group and HVB, he took over responsibility for the integration of the three banks of the group in Bulgaria. He was appointed as a member of the Board of Directors first, with responsibility for the business; since 2008 he held the role of,Vice-Chairman of the Board and General Manager of UniCredit Bulbank.
On1st September 2016 he became Co-Head of UniCredit commercial bank network in Italy with a particular focus on the Retail business.
Esedra Chiacchella has been Head of Coverage Financial Institutions at Cassa Depositi e Presiti since May 2019, which she joined in conjunction with the recently announced new Industrial Plan.
From 2011 to 2019 she worked at Citigroup Global Markets as Head of FIG DCM in Banking Capital Markets and Advisory for Italy, Switzerland and Greece.
Between 2005 and 2011 she was Director in the Debt Capital Market and Capital Advisory Division – FIG at HSBC and from 2001 to 2005 she worked in Natixis at the Debt Capital Market Origination Division FIG covering Italy and Greece.
She started her career at Banca Profilo in Markets, Financial Institutions Division.
She graduated in Economics and Business at Bocconi University in 1999.
Anna Chiara Sala is Associate Partner of Arché, having joined the company in 2006.
Between 2005 and 2006, she was head of Administration & Planning at Digital Bros Spa, a company listed on the Italian Stock Market on the Techstar segment.
Previously, she was Director within the Corporate Finance Team at Deloitte (2003 – 2005). She also worked for more than ten years at Arthur Andersen, initially in the Auditing – Financial Institution Area and then as Director in the Corporate Finance Division.
Since 2001 she has been lecturer of Corporate Finance at the Master MEDI and at the Master in Merchant Banking and Private Capital at Carlo Cattaneo University – LIUC.
She graduated in Business Administration at Bocconi University in 1990 with merit.
Since 2015 Gianluca Lo Presti has been Head of the “Financial support to companies” service at Lazio Innova, an in-house public company of the Lazio Region created by the merger between Sviluppo Lazio, Filas, Unionfidi, BIC Lazio SpA e BIL.
Previously, he held other positions of responsibility at top level companies.
From 2013 to 2015 he was Managing Director of EUR SpA, managing important real estate projects in Rome.
Between 2011 and 2014 he was General Manager of BIC Lazio SpA, an in house public company of the Lazio Region, created with the aim of supporting the development of the industrial ecosystem of the Region.
In 2013, for a few months, he was Sole Director of Unionfidi Lazio SpA.
Between 2006 and 2011 he was General Manager of Sviluppo Lazio SpA.
Previously, he was CFO at several companies, including: Alcatel Alenia Space Italia Spa (2005 – 2006), Alenia Spazio Spa (2003 – 2005), DaimlerChrysler Italia Spa (2002 – 2003), Mercedes Benz Finanziaria SpA (1993 – 2000).
Regarding other positions held, the following should be noted: Chairman of the Board of Directors of BIC Lazio SpA (2006 – 2007) and Unionfidi SpA (2009 – 2012); Chairman and CEO of VALORE Sim Spa (2007 – 2008) and PROTEO SpA (2007 – 2008); CEO of Aquadrome Srl (2014 – 2015).
He graduated in Economics and Business at the University of Rome La Sapienza in 1988.
Cristina Pozzi is CEO and co-founder of Impactscool, organization launched at the end of 2016 with the aim of creating greater awareness of the impacts of emerging technologies in society and bring a more structured reflection about the future in Italy.
Between 2006 and 2016 she was General Manager of Wish Days, a company she co-founded and of which she has been a Board Member since 2009. The company has established itself as one of the most successful companies in the world of prepaid services in Italy, for B2B and B2C, thanks to its focus on technology and innovation. Cristina Pozzi started her career as a business analyst at Arthur D. Little.
She is President and co-founder of the Futuri Association; she is a founding member of Angels4women.
She is member of the Steering Committee of the Master’s Degree in Management and Finance at LUMSA University.
She is Young Global Leader of the World Economic Forum 2019 – 2024.
She graduated in Law and Business Administration at Bocconi University in 2004.
Giovanni Sabatini has been General Manager of the Italian Banking Association (ABI) since July 2009 and since January 2016 he has been also Chairman of the Executive Committee of the European Banking Federation.
He graduated with honours in Economics and Business from the LUISS Guido Carli University in Rome completing a dissertation on “Capital structure and dividend policy” (doctoral advisor: Prof. Pier Luigi Piccari).
He has held several positions of responsibility and prestige within important institutional organisations.
He was a Co-director for CONSOB at the head of the Issuer Division. He was General Director of the 4th Division – Banking and Financial System and Legal Affairs of the Ministry of Economy and Finance – Treasury Department. Within CONSOB he was also Co-director in charge of the Intermediaries Division and Director of the Spot Market Unit of the Markets Division. He was Managing Director – General Manager of the company MONTE TITOLI S.p.A. (Borsa Italiana Group). At the beginning of his career he worked as an Assistant to the Central Finance Director of EFIM and for Arthur Young & Co. where he was involved in auditing and certification.
Within the scope of the assignments granted he was a Representative of the Government on the Council of Bank of Italy, member of the Board of Directors of Alitalia S.p.A., member of the Steering Committee of Cassa Depositi e Prestiti and member of the Comitato Strategico Piazza Finanziaria.
He has lectured at the Faculty of Economics and Business of the LUISS University and at the Faculty of Engineering of the University La Sapienza in Rome on the Organisation and Control course of Professor P.L. Piccari; since 2009 he has been professor of “Corporate Finance” at the Faculty of Industrial Engineering and Management of the University La Sapienza.
He has published several articles on the regulation and functioning of security markets.
Matteo Zanetti is Vice-Chairman and Chief Executive Officer of Zanetti S.p.A..
He joined the family business, Zanetti S.p.A., in 1990, and over the years he has carried out an intense activity that led him to have responsibility and expertise of every company function, until he took over its leadership.
Since 2017, he has been Chairman of the Advisory Board of AIM Borsa Italiana S.p.A.; he has been also a member of the General Council of Confindustria since 2015 and, since the same year, Vice-Chairman of Promoberg Ente Fiera; he is a Board Member of Fondazione della Comunità Bergamasca Onlus.
During his career he has held several leading positions including: Board Member of Wuber S.p.A. (1991-2008); Board Member of SOFIM-GEFINA S.p.A. (2005-2013); Board Member of Futurimpresa SGR (2010-2014); Board Member of Banca Popolare Commercio Industria S.p.A. (2013-2014); Board Member of Bergamo Fiera Nuova (2011-2016); Board Member and Member of the Executive Committee of Banca Popolare di Bergamo (2014-2017); Vice-Chairman of Confindustria Bergamo (2011-2017); Member of the Council of Confindustria and Chairman of the Credit and Finance Technical Group (2016-2020); Vice-Chairman of Bergamo Chamber of Commerce (2010-2015 and 2017-2020).
He graduated with honors in Business Administration at Bergamo University in 1988.
Board of Statutory Auditors
The Board of Statutory Auditors is made up of a chairman, two standing auditors and two alternate auditors.
Marco Tani was born in 1957. He graduated with a first class degree in Economics and Business from the University La Sapienza in Rome.
He has been a Chartered Accountant in the district of the Rome Court since 1984 and has been on the Register of Auditors from the year it was established.
He began a traineeship in his professional field in 1981 working for an important chartered accountants firm in Rome with focus on corporate culture matters in general and tax and corporate issues in particular. In the 80’ he also acquired specialist knowledge in the field of tax and management consulting services for non-commercial entities. During that same period he carried out academic activities for the University of Molise.
He is a name partner of Studio Vanni Tani Ianiro (now Studio VTI), established in late 1992, where he mainly continues to provide advisory services to national and international companies and business groups, national trade associations and public and private entities. He also provides consulting servicing to State administration bodies.
He has served on many supervisory, audit and accounting boards and on the boards of supervisory authorities pursuant to Legislative Decree 231/01.
Giovanni La Croce has been Chartered Accountant since 1975 and Auditor since 1995; he is also registered with the Register of Technical Consultants of the Judge of the Court of Milan.
Specialised in the restructuring of companies in crisis and management of bankruptcy proceedings, he has held important positions and has consulted extensively in the field of industrial and financial restructuring as well as in the field of public prosecution. The following is a list of the positions held: curator, on behalf of the Court of Verbania, of the bankruptcy Italian Natural Energy Srl; judicial liquidator Bembergcell SpA in liquidation and arrangement with creditors; liquidator Energia Verde Srl (formerly SpA); liquidator Cooperativa Edilizia Edera Quarta Societa’ Cooperativa A Responsabilità Limitata; liquidator Finasi Srl; liquidator AAT SpA; liquidator Finitimi Srl; liquidator Mazzini Srl; liquidator Duse Srl; liquidator Olona Srl; liquidator Baires Srl; liquidator Cusani Srl; liquidator Crocetta Srl; liquidator Salleh Srl; liquidator Freetime Srl; liquidator GEN.IT.IMM. Properties Srl.
He was member of the Boards of Directors of various companies; the following are the current positions: member of the Board of Directors of ePrice SpA.
He is currently also member of the Board of Statutory Auditors of DEMA SpA.
He has maintained a constant dialogue with most of the members of the Trevisanato Commission and the Rordorf Commission. He was a member of the CNDCEC Commission on the Reform of the Bankruptcy Law; he chaired the Concurrence Procedures Commission of the Order of Accountants and Accounting Experts of Milan from January 2017 to April 2018.
He was Chairman of the Working Group “Business Continuity in Rehabilitation Processes” of the National Council of Chartered Accountants and Accounting Experts.
Since 1988, he has been a professor in many specialization courses.
He is a speaker at the main national conferences on insolvency law and is the author of numerous scientific papers.
He graduated in Economics and Business at Bocconi University in 1974, at the age of 23.
Francesca Monti has been Chartered Accountant since 1986 and Auditor since 1995. Since 1987 she has also been collaborator of justice.
She graduated in Economics and Business at Bocconi University in 1983.
She held positions of bankruptcy trustee by appointment of Section II – Bankruptcy – of the Court of Milan, as well as Expert pursuant to Article 2343 of the Italian Civil Code by appointment of Section VIII – Voluntary Jurisdiction – of the Court of Milan.
She was also a Judicial Liquidator by appointment of the Eighth Civil Section of the Court of Milan.
She was a professional sales representative appointed by the Court of Milan in real estate enforcement proceedings and a judicial Director and Liquidator appointed by the Eighth Civil Section of the Court of Milan.
By appointment of the Court of Bergamo, she was the judicial custodian of shares in Srl.
She is Chairman and member of the Board of Statutory Auditors of some industrial, commercial and financial companies; she is also a member of the Watch Structure of some companies.
In the past, she was Statutory Auditor of: Caboto Gestioni Sim SpA; Assiprogetti SpA; Sandys Group SpA; Itaservice SpA; La Centrale Consulenza SpA; Gemofid Società Fiduciaria SpA; IntesaBci Formazione Scpa; Piergiorgio Coin Investimenti SpA; Girmi SpA; BSL SpA; Immobiliare Floranco Srl; Magazzini Generali Cariplo SpA; Centro Factoring SpA; Intesa Trust company SpA.
Carlotta Mugnai has been Chartered Accountants registered with the Milan Register of Chartered Accountants since 2015 and has been Auditor since 2016.
She is Senior Tax Manager at StudioAssociato – Consulenza legale e tributaria (part of the KPMG network) where she joined in 2012.
Between 2011 and 2012 she worked at Accenture as business analyst in the Performance and Finance Management Division.
She graduated with honors in Management at Bocconi University in 2010 and completed an Exchange Program at IBMEC in Sao Paulo (Brazil). She also obtained a Master in International Tax Law – LLM Program at the WU – Vienna University of Economics and Business in 2017.
Cristiano Zanella has been Chartered Accountant since 2002 and has been a registered Auditor since 2008 – Civil and Commercial Ombudsman.
Between 2017 and 2019 he was CFO at Dial Srl, a company belonging to the Aurea Group.
From 2015 to 2017 he was CFO at Media Alpi Pubblicità Srl (L’Adige Group).
From 2011 to 2015, he worked as a consultant in the field of industrial and financial controlling for various companies.
From 2009 to 2011 he was CFO at Arrow ECS A.G., Italian subsidiary of the multinational group Arrow ECS, leader in the trade of e-security products.
From 2006 to 2009 he was CFO at Dial Srl, a company belonging to the Dial Group.
Between 2004 and 2005 he held the position of CFO at Trentuno SpA, a company later sold to Autogrill.
From 2000 to 2002 he was the sole consultant of the Trentino ATP in the European projects “Nespole!” and “DIETORECS”, aimed at deepening current research topics in the field of tourism applied to Information Technology.
He held the role of statutory auditor, liquidator and member of the management control committee in various corporations and institutions.
He graduated in Political Economy at University of Trento in 1996 with an experimental thesis in Statistics and attended Durham University (UK) for one academic year.