Moves: Former GS banker Mele takes top job at Italy's state investor CDP Equity
05/08/2022 09:23
MILAN, Aug 5 (Reuters) - Italy's state investor CDP Equity
said it had named former Goldman Sachs GS.N and Nomura
9716.T banker Francesco Mele as its new chief executive.
CDP Equity, which manages holdings in companies ranging from
toll-road operator Autostrade per l'Italia to payments group
Nexi NEXII.MI , said Mele would start in the new role on Sept.
19 replacing Pierpaolo Di Stefano, a former Citi banker at the
helm of CDP Equity since 2019.
Mele spent 14 years at Goldman Sachs, as managing director
in charge of the Italian market. He left London in 2001 to
return to Italy, moving to Nomura in 2010 to lead the Japanese
bank's investment banking operations in the country.
In 2016, he became chief financial officer at Monte dei
Paschi di Siena BMPS.MI , working on the 8 billion euro
recapitalisation funded by taxpayers and private investors and a
record 24 billion euro bad loan securitisation disposal.
He then moved on to illimity ILTY.MI , the challenger bank
founded by veteran Italian banker Corrado Passera.
(Reporting by Valentina Za; editing by Agnieszka Flak)
((valentina.za@thomsonreuters.com; +39 02 6612 9526;))