(Teleborsa) – The board of directors of Intesa Sanpaolo has adopted, come on proposal by the Managing Director and CEO Carlo Messinaone new organization to face the challenges of the sector in Europe with the best new managerial talents and by enhancing internal resources, in a long-term perspective. The generational shift in key positions is very significant: the average age of those who take on new positions of top responsibility is 49 years old, five of whom are in their forties.
The new organization, effective from next April 2nd, involves: the merging into a single unit of wealth management activities, a strategic area of the Group, with the aim of accelerating growth and encouraging greater integration of product factories; the establishment of a new governance area relating to ESG issues to guide the Group’s sustainable development strategies, with a particular commitment to social issues and the fight against inequalities; the creation of a unit dedicated to outlining the Bank’s future transformations and innovating organizational and operational models; a strengthening of the Chief Lending Officer area, which will be headed by a new credit decision-making model, capable of consolidating the important goals achieved and guaranteeing further sustainability of the results (Zero NPL Bank).
“We renew Intesa Sanpaolo with an organization that brings together young people in key roles and managers with solid experience behind them – comments Messina – The ability to generate new managerial talent will allow the Bank to remain a leader in a more than ten-year perspective. I sincerely thank Fabrizio Dabbene, Stefano Del Punta, Paolo Grandi and Saverio Perissinotto. I wish good luck to those who take on new roles and to all the people at Intesa Sanpaolo: I am sure the Bank and the communities in which we operate will be able to count on them. Just as they will be able to count on my personal commitment in the coming years.”
What’s new for Wealth Management
To guarantee unified control over the results relating to Wealth Management comes the Wealth Management Divisions structure was establishedentrusted to Thomas Corcos, which includes the Insurance Divisions, entrusted to Virginia Borla, Asset Management, entrusted to Maria Luisa Gota, and Private Banking, entrusted to Lino Mainolfi. A “Fees & Commissions” control room, chaired directly by the Managing Director and CEO, will be focused on monitoring, overseeing and coordinating the strategies necessary to increase revenue from commissions of all the Group’s Divisions. Saverio Perissinotto, who has successfully led the growth of the Asset Management Division in recent years, achieving significant results, will be president of Eurizon Capital SGR.
The change of Chief Financial Officer
The location of Chief Financial Officer is assigned to Luca Bocca, former Deputy Chief Financial Officer. Elisabetta Stegher was appointed as the manager in charge of drafting the accounting documents, replacing Fabrizio Dabbene, who for many years ensured rigor and effectiveness in the responsibility held. In this Governance Area, the “Group Treasury & Capital Management” coordination structure is established, entrusted to Alessandro Lolli, who takes on the role of Deputy of the Chief. Stefano Del Puntalong-time CFO and key figure of the Group in achieving important results, as widely recognized by investors, remains Senior Advisor to the CEO Carlo Messina.
The new role of the Chief Sustainability Officer
Confirmation of the importance always attributed to ESG issues comes a new Governance Area called Chief Sustainability Officer was established, with strategic guidance on sustainability issues, activity planning and monitoring. They flow into this Area, entrusted to Paola Angeletti, the activities currently distributed across various organizational units of the Group with the establishment, in the social sphere, of the Chief Social Impact Officer Governance Area entrusted to Paolo Bonassi. The Art, Culture and Historic Heritage structure, the Innovation Center and Neva SGR also converge within the Chief Sustainability Officer and a new “ESG Steering” organizational unit dedicated to the strategic direction and monitoring of ESG issues is created.
The review of the Governance Area
In the new Government Area Chief Governance, Operating and Transformation Officerentrusted to Nicola Maria Fioravanti different areas of governance of the Group converge such as: Chief Transformation & Organization Officer entrusted to Cristina Motta, Chief People and Culture Officer entrusted to Roberto Cascella, and Chief Equity, Legal & M&A Officer entrusted to Flavio Gianetti. Paolo Maria Grandi, former Chief Governance Officer, a figure of absolute importance in the main operations and enlightened guide of Group Governance for many years, will continue to support CEO Carlo Messina as Senior Advisor.
Abroad and Date
In the context of International Subsidiary Banksheaded by Marco Elio Rottigni, Paola Papanicolaou will be Deputy of the Division manager with responsibility for the “ISBD Governance Coordination” coordination area.
In the Government Area Chief Data, AI and Technology Officerheaded by Massimo Proverbio, Enrico Bagnasco and Tommaso Pellizzari will be Deputy of the Chief and responsible, respectively, for the “Group Technology Services” and “Isytech Evolution” coordination structures.
The confirmations
The following remain confirmed in the structures not affected by the new organization for the business Divisions: Stefano BarreseLand Bank Division; Mauro Micillo, IMI Corporate & Investment Banking Division. For the Governance Areas: Davide Alfonsi, Chief Risk Officer; Piero Boccassino, Chief Compliance Officer; Alfonso Guido, Chief Cost Management Officer; Stefano Lucchini, Chief Institutional Affairs and External Communication Officer; Raffaello Ruggieri, Chief Lending Officer; Claudio Testa, Chief Audit Officer.
