Our goal is to keep our governance at the forefront, in accordance with national and international best practices as a model of sustainable success

Share Capital

At 30 September 2021 illimity share capital equals to €55,686,623.00. This comprises €52,619,881.24 in subscribed and paid-up share capital, divided into 79,300,100 ordinary shares with no par value, and 1,440,000 special shares, also with no par value.

The Ordinary Shares, listed on the MTA since 5 March 2019 and on the STAR segment since 10 September 2020 and having ISIN code IT0005359192, are freely transferable. The Special Shares are not listed and do not have voting rights.

For information purposes only, significant shareholders holding at least 5% of the share capital with voting rights with percentages calculated by the Bank on the basis of the number of shares resulting from the most recent available information and the number of ordinary shares issued, are listed below:



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Gruppo Sella 10.00%

Gruppo Sella

LR Trust - FIDIM 8.12%

LR Trust - FIDIM

FermION Investment Group Limited 7.26%

FermION Investment Group Limited

Tensile - Metis Holdings S.à r.l. 7.01%

Tensile Capital Management LLC subsidiary

AMC Metis S.à r.l. 6.56%

Atlas Merchant Capital Fund LP subsidiary

Corporate Bodies

illimity Bank S.p.A. adopts a traditional administration and control system, suitable for ensuring the efficiency of management and the effectiveness of controls and therefore guaranteeing the sound and prudent management of the illimity Bank S.p.A. Group.

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Board of Directors

The Board of Directors plays a central role in the business organisation, heading the functions and being responsible for the Company’s strategic and organisational direction as well as for ensuring the existence of the controls required to monitor the operations of the Company and its subsidiaries.

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Board of Statutory Auditors

The Board of Statutory Auditors performs the duties and exercises the control functions provided by law and by supervisory and regulatory requirements, as applicable at the time, and reports to the Supervisory Authority pursuant to applicable legal and regulatory provisions.

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Committees

Five Committees having investigative, consultative and proposition-making functions: Risk Committee, Remuneration Committee, Nominating Committee, Related Party Transactions Committee, Sustainability Committee.

Our Management team

At illimity, people make the difference. We’re motivated, determined women and men open to change, working every day towards increasing the potential of our customers, going beyond established rules and practices.

Go to management team

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Corrado Passera

Founder & CEO at illimity

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Isabella Falautano

Head of Communication & Stakeholder Engagement

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Andrea Clamer

Head of Distressed Credit Division

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Carlo Panella

Head of Direct Banking

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Enrico Fagioli Marzocchi

Head of Growth Credit Division

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Francesco Mele

Chief Financial Officer and Head of Central Function

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Claudio Nordio

Chief Risk Officer

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Silvia Benzi

Head of IR & Strategic Planning

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Marco Russomando

Head of HR & Organization

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Giovanni Lombardi

General Counsel

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Filipe Teixeira

Chief Information Officer

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Massimo Di Carlo

Chief Lending Officer

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Andrea Battisti

Head of Servicing Distressed Credit Investment & Servicing

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Francesco Martiniello

Head of Compliance & AML

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Fabiano Lionetti

Head of Finance

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Fabio Marchesi

Head of Internal Audit (Permanent Guest)

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Corrado Passera

Founder & CEO at illimity

Corrado Passera was born in Como, Italy, into a family of entrepreneurs. Following a degree in Business Administration from Bocconi University and an MBA from the Wharton School at the University of Pennsylvania, Philadelphia, he began his career at McKinsey. Inspired by innovation and challenge, his career path took him from Olivetti to Poste Italiane S.p.A., Intesa Sanpaolo and the Italian Government. At Olivetti, he was challenged by the shift from traditional IT to ICT, which led to two extremely successful start-ups: Omnitel and Infostrada.

At Poste Italiane, between 1998 and 2002, he succeeded in transforming an inefficient public entity into a modern postal service provider, and one of the most successful postal banks worldwide. The creation of Poste Vita, which then gained national leadership, dates to this time. In the banking sector – where he served first as CEO of Ambroveneto, then of Banca Intesa and finally of Intesa Sanpaolo – he helped build one of the most solid European banks.

Among the startup worth mentioning at the time, there was Banca Prossima, a bank dedicated to social entrepreneurship and impactful financing and remains one of the most effective models of its kind worldwide. As the Minister of Economic Development, Corrado introduced start-up-friendly legislation, revolutionising the incentive to innovate. In 2018, he launched a bank start-up via Spaxs, the largest special-purpose acquisition company (SPAC) in Europe, with deposits of €600 million. The objective was to create a new “paradigm bank” specialising in SMEs that face challenges in accessing loans, as well as digital and mobile banking services for SMEs and families. The new bank illimity, of which he is CEO, has been listed on the STAR segment of the Borsa Italiana from September 10th 2020. Corrado is married to Giovanna and they have five children: Sofia, Luigi, Luce, Giovanni and Eugenia.

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Isabella Falautano

Head of Communication & Stakeholder Engagement

Thanks to her dual Italian and Austrian nationality, Isabella has an international outlook and a talent for communicating with clients across the world. Following a degree in Political Science at Rome’s Sapienza University and a master’s degree in International Development, she moved between the Institute of International Affairs, World Bank and the Presidency of the Council of Ministers, before venturing into a long private-sector career.

First with Banca Monte dei Paschi di Siena and then AXA, for more than a decade, where she became executive director, having developed the communications division and team, CSR and institutional relations on a start-up basis.

She joined illimity with the challenge of communicating and positioning a completely new entity on the Italian market. Championing innovation and diversity, she has been an active promoter of initiatives such as Valore D and Angels 4 Women: the first business angel network for start-up companies run by women.

She is a member of various international networking organisations, acting as a World Responsible Leader of the BMW Foundation Herbert Quandt, Marshall Memorial Fellow of the German Marshall Fund and Conseiller du Commerce Extérieur de la France. She is one of the top 100 digital women of Startupitalia and is listed on 100esperte.it. Isabella is married to Sergio and mother to Nathakon.

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Andrea Clamer

Head of Distressed Credit Division

Of the Erasmus generation, Andrea has a degree in Economics and Business from the University of Pavia, two MBAs from SDA Bocconi and ESADE Business School, and a masters’ degree in strategic management in banking from INSEAD. He began his career in consulting, initially at SAP Italy and then at Deloitte Consulting, where he specialised in risk and capital allocation. He joined the banking sector in 2008 with Toscana Finanza, where he acquired solid experience in the assessment and management of Non Performing Loans (NPL) portfolios and illiquid assets. When Banca IFIS acquired Toscana Finanza, Andrea became manager of the NPL area and was in charge of developing the servicing platform.

He also has corporate governance experience, having sat on the board of directors for both Interbanca and Spaxs. Andrea has participated in the illimity enterprise since its inception, as a promoter, together with Corrado Passera, of Spaxs – the largest special-purpose acquisition company (SPAC) launched in Europe. At illimity, he heads the Distressed Credit Division to ensure value creation and optimised opportunities. Andrea is married to Deborah and they have two children: Lorenzo and Matteo.

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Carlo Panella

Head of Direct Banking

A graduate of the Politecnico di Milano University, specialised in engineering management. His managerial career has been focused on transformation and started in multinational entities such as DHL and Vodafone, in which he contributed to the transformation from an Italian company to a multinational telecommunication entity.

He joined the BPM Group in 2000 managing the Bank’s digital transformation process. Then he went on to revamp WeBank completely into a remote model, until making it a benchmark for the sector and taking over the role of General Manager. After leaving the lending industry, he took on the position of General Manager in CSE Consulting, an IT and back-office services outsourcing company offering digital turnaround services to small and medium sized banks.

He joined the illimity team to manage the Direct Banking Division, bringing along his over 20-years’ experience in digital transformation. Carlo is married to Elisabetta and they have two daughters: Carolina Sole and Elena.

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Enrico Fagioli Marzocchi

Head of Growth Credit Division

Following a degree from Bocconi University, Enrico has accumulated 40 years of professional experience with Arthur Andersen, Interbanca, Aletti and KPMG, specialising in corporate finance. He also worked with Salomon Smith Barney in London and was CEO of Efibanca and Meliorbanca.

He played a decisive role in managing the Non Performing Exposures (NPE) portfolio of Monte dei Paschi di Siena and handled the greatest securitisation of Non Performing Loans (NPL) ever realised in Italy. He was also called upon to participate in the bailout of the Veneto banks and created a joint venture to establish one of the major debt-collection operators.

At illimity, he heads the Growth Credit Division that offers services to Italian SMEs from performing companies with potential (including those with low or no rating), via crossover financing, acquisition financing and factoring, to non-performing companies (those that are unlikely to pay) but which have potential, through refinancing, new financing and the acquisition of existing receivables. In this role, he demonstrates his extensive knowledge of the domestic entrepreneurial market and his financial skills when it comes to relaunching key ‘Made in Italy’ companies. Enrico is married to Carla and they have three children: Giacomo, Benedetta and Camilla.

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Francesco Mele

Chief Financial Officer and Head of Central Function

A Bocconi-educated economist, his career began at the City of London where he held key M&A and corporate finance positions, initially at Banca Commerciale Italiana and then at Goldman Sachs for 14 years, where he was the Managing Director in charge of the Italian market. In 2001, he left London to return to Italy, continuing with Goldman Sachs and then moving to Nomura in 2010, where he headed the investment banking operations.

In 2016, he joined Banca Monte dei Paschi di Siena as Chief Financial Officer (CFO) in the bank’s most delicate phase: here he played a key role in recapitalising the bank and pursuing the most extensive securitisation of non-performing loans ever attempted in the world.

After completing the main extraordinary operations related to the MPS restructuring, in 2018 he joined the SPAXS project as the CFO, also taking over all the central functions of the new bank. At illimity, he applies his gentle firmness to managing the numbers and the people who work at this beyond oriented bank. Francesco is married to Giovanna and they have two daughters: Rebecca and Penelope.

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Claudio Nordio

Chief Risk Officer

A degree in physics from the University of Padua landed Claudio in the financial world of Milan from Fineco SGR to Caboto and then Abaxbank, where he gained extensive experience in applying mathematical models to investments and in structuring and managing complex portfolios.

He joined Banco Popolare in 2010. There, he accelerated his career in risk management, taking over the role of manager in charge of validating internal models and guiding his team in applying innovative approaches and emerging technologies. He went on to be chief risk officer at Banca Carige in 2015, where he was also in charge of structuring the first public NPL securitisation under the Italian NPL Securitisation Guarantee (GACS) of a bank supervised by the ECB.

In his role as illimity’s Chief Risk Officer, he aims to implement risk management 4.0: where business and risk management are driven by data, interpreted with machine learning and quantitative models and engineered in an agile, innovative and continually evolving environment. He is married to Claudia and is father to Linda.

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Silvia Benzi

Head of IR & Strategic Planning

Holding a degree in Economics and Management from Bologna University, Silvia has 20 years of experience in the financial industry, with particular expertise in Corporate Development, Strategic Planning, M&A and IR.

She began he career at JP Morgan as an equity analyst before moving to PWC as a consultant and then trying investment management as a buy-side analyst in the European financial sector at a hedge fund.

She joined SPAXS soon after its IPO as the Head of Investor Relations & Strategic Planning.

Silvia loves cooking, especially specialities from the Romagna region of Italy. For her, this is far more than a hobby it is a way to keep in touch with her roots and revisit the traditions of the land where she grew up. She now lives in London, a city she adores, with her husband Roberto and her two children Edoardo and Caterina.

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Marco Russomando

Head of HR & Organization

After 20 years of experience in multi-cultural settings, including working for two of the Big Four, a boutique consultancy firm and UniCredit, he is now the Head of HR & Organization at illimity.

During his professional career he has had plenty of opportunity to explore and analyse different organisational structures, leadership models and corporate cultures in a whole host of companies, including banks, fast moving consumer goods firms, big pharma and telecommunications. Plus, along the way, he has gained further experience on the Board of UniCA and as a lecturer at the Catholic University in Milan.

He is the proud father of Mattia, Vittoria and Filippo.

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Giovanni Lombardi

General Counsel

Giovanni began his career at Deloitte & Touche, before kicking off his legal career at Gianni Origoni Grippo & Partners and then helping found Studio LMS in 2006. In 2013, he took the plunge to become a company lawyer, initially at Prelios SGR, but later moving to Banca Monte dei Paschi di Siena as Deputy Group General Counsel. Specialising in corporate finance, capital markets and company law, he also has expertise in property finance, restructuring and banking and financial law.

He joined illimity in 2018, becoming part of a young, multidisciplinary team and providing legal support for the business divisions, central offices and the subsidiaries in the banking group. At the same time, he was involved in corporate governance and overseeing relations with the supervisory authorities and the corporate secretariat. From August 2019 to January 2021 he has been Chairperson of illimity SGR, for the set up of the illimity Group’s asset management company with an ambitious development plan.

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Filipe Teixeira

Chief Information Officer

Driven by a love for economics and finance, Filipe started his career working on IT projects at major international banking groups. For example, he worked for the Santander Group in Lisbon and Madrid on IT projects for the Risk area until 2011. In 2012, he joined the Italian technology firm Reply in London, heading up various digital transformation projects for groups such as Deutschbank, BNP Paribas and UniCredit, gaining further international experience in the UK, France, Germany, Italy and the Benelux nations. In 2014, he joined the UniCredit Group as the Head of IT Financial Risk, a path that would then lead him to drive the Digital Core Banking Transformation and the Commercial Banking Software Factory.

In 2018, he came on board at illimity as the Chief Information Officer to help create a new paradigm bank driven by technological innovation. Filipe is married to Leila and in his spare time he is interested in sports, economics, technology and history.

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Massimo Di Carlo

Chief Lending Officer

After graduating in Finance and Economics from Bocconi University in Milan, he began his career at Mediobanca, gaining experience in structured finance and lending. He eventually rose to hold the position of Deputy General Manager from 2006 to 2014. Together with a team of Italian bankers, he founded Springrowth SGR, an independent asset management firm that served institutional investors and companies, eventually building up a private debt fund with over 400 million euro.

He joined the illimity team in 2019, as an independent member of the Loans and Investments Committee. At the start of 2021, he took on the role of Chief Lending Officer, tasked with improving the quality of the Group’s lending and risk management. He is also Chairman of illimity SGR, the illimity Group’s asset management company with an ambitious development plan.

Massimo is married to Isabella and they have three children, Gaia, Eleonora and Margherita. In his spare time, he enjoys outdoor sports and works for a non-profit initiative in the medical industry.

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Andrea Battisti

Head of Servicing Distressed Credit Investment & Servicing

After graduating in mechanical engineering with honours, Andrea began his career at Accenture, before moving to McKinsey & Co. where he became Associate Partner in the role of Leader of Practice Affluent Banking, giving him the opportunity to head up multiple projects with different teams in the EMEA region.

After 10 years, he moved to Gartner Consulting as a senior managing partner, but while there he decided to follow his entrepreneurial spirit through founding and running a hi-tech startup in the NPL market that is able to cut the credit management times to a minimum.

He has worked alongside Andrea Clamer and Corrado Passera from the beginning of illimity and neprix, of which he is now CEO.

Andrea loves pretty much all water sports and was a member of the Italian national sailing team. He still competes in the master category, in the individual Laser. Andrea is married to Ylenia and has a son, Iunio.

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Francesco Martiniello

Head of Compliance & AML

Graduated in law with a training gained also abroad and after some experiences in law firms, Francesco starts his professional career in 2002 as an officer of the National Commission for Companies and the Stock Exchange (CONSOB).

In 2010 he joined UniCredit as leader of a team in the newly established Group Compliance and then covered, in over eight years in the Group, roles of greater responsibility up to the Head of Compliance of the Corporate & Investment Banking Division for Italy.

Arrives at illimity in March 2019 as Head of Compliance and Anti-Money Laundering (AML) functions,leading a smart team with diverse expertise that, by combining regulatory and business knowledge, addresses compliance issues already in the design, setup and development phases of the Bank's and subsidiaries'activities. Since 2020 he is also the Data Protection Officer of the illimity Group.

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Fabiano Lionetti

Head of Finance

Innovation, problem-solving and optimism are the distinctive traits of Fabiano, expert in Finance, Funding and Capital Markets.

After graduating in Economics and Commerce from Bocconi, Fabio obtains a PhD in Banking & Finance at the University of Tor Vergata and builds his career in the banking sector: from investment banking to strategic consultancy covering the roles of Director Banking and Head of Treasury & Capital Markets. In 2018 he joined the team of illimiters alongside Francesco Mele as Head of Finance.

Apulian heart and a big city soul. For him, Milan is a city of infinite opportunities where he can practice all his passions, from tennis to good food.

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Fabio Marchesi

Head of Internal Audit (Permanent Guest)

After graduating from Milan's Bocconi University, he entered the world of corporate auditing at PwC, where he worked with numerous major international companies in the ICT industry.

In 2007, he joined the internal audit team at UBI Banca as an analyst of control systems of Group companies, in Italy and abroad, later becoming the audit manager responsible for the review of credit processes and the related internal risk measurement system.

During these years, he actively participated in the development of standards and methodologies for internal audit, in addition he was also involved in strategic projects and forensic activities.

His natural sense of curiosity, combined with a recent entrepreneurial experience in the food industry in the U.S.A., were the key motivators leading him to join the illimity team in January 2019 as the Head of Internal Audit. Here, he aimed at maximizing the use of the best technologies to efficiently monitor control systems, as well as emphasising the presence of internal audit in the process engineering phase.

He lives with Laura and practices triathlon.

Organisation chart

Our Administration and Control system is “traditional” and assigns strategic management to the Board of Directors and supervisory functions to the Board of Statutory Auditors.

Corporate Events 2021

Feb 10, 2021
Board of Directors for approval of 2020 preliminary results
Mar 10, 2021
Board of Directors for review of the draft 2020 Annual Report
Apr 22, 2021
Bank Shareholders’ Meeting for approval of 2020 Annual Report
May 10, 2021
Board of Directors for approval of 1Q2021 interim report
Aug 5, 2021
Board of Directors for approval of HY2021 results
Nov 10, 2021
Board of Directors for approval of 3Q2021 interim report