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

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.

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.

Significant was his role in managing the Non Performing Exposures (NPE) portfolio of Monte dei Paschi di Siena as well as in arranging the greatest securitization of Non Performing Loans (NPLs) ever realised in Italy. He was also called upon to participate in the bailout of the Veneto banks, as Cfo and Vdg of Popolare di Vicenza, and created a joint venture to establish one of the major debt-collection operators.

At illimity, he led the Corporate Banking division, which offers services to Italian SMEs: to performing companies and those with potential, which need tailor-made financial support as part of their development processes, through structured finance and acquisition financing operations, as well as providing support for working capital management through factoring; to non-performing and sub-performing companies, but with potential, through the purchase of existing receivables, new finance for restructuring and relaunching and refinancing operations, as well as providing support for “special situations” and as part of processes that require the redefinition of capital structures. A role in which he puts at service his deep knowledge of the national business fabric and financial expertise to support and relaunch key made-in-Italy companies.
Since 2022, he has been President of illimity SGR and Key Man of the iSC (Private Debt) Fund managed by the SGR. In February 2025, Enrico is nominated Deputy CEO of illimity with responsibility for all business areas of the Bank and the Group.

Enrico is married to Carla and they have three children: Giacomo, Benedetta and Camilla.

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. Giovanni serves as General Counsel of illimity until February 2025. Today he is Deputy CEO of illimity to oversee and coordinate central functions, as well as General Manager and Secretary General of fondazione illimity.

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, Strategy, Planning&Control, IR and Sustainability.

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 Head of Investor Relations & Strategic Planning and has been Chief Financial Officer of illimity since September 2022. She also serves on the Board of Directors of fondazione illimity.

For Silvia, Romagna cooking is more than a hobby; it is a way of not forgetting her origins and reliving the traditions of her land. She now lives in London, a city she adores, with her husband Roberto and her two children Edoardo and Caterina.

Graduated in Communication at the LUMSA University in Rome, Vittoria began her career working for Italian and international public relations agencies, before making the step into the digital banking world. During her professional career, she has contributed to the launch of Webank, before being a Co-Founder and Head of Communications for Widiba.

The years in the media relations field contributed to make her an expert in strategic communication and marketing.

Vittoria joined illimity in 2020 as Head of Marketing & Design and from March 2022 she has entered the Management Team as
Chief Communication & Marketing Officer, expanding her role to the whole corporate communication, specifically tasked
with effectively communicating all the Group’s internal and external initiatives and further enhancing the company's market
positioning. From March 2023, Vittoria also joins the Board of Directors of fondazione illimity.

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, he obtains a PhD in Banking & Finance at the University of Tor Vergata and starts 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 illimity where he is now the Head of Investment Banking.

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

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.

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 Chief HR & Organization Officer and Chief ICT Governance Officer  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.

A passion for finance, with a particular predilection for extraordinary transactions, led Umberto Paolo to specialize in supporting companies undergoing discontinuity: restructuring, capital structure optimization exercises and M&A.

After more than 25 years of experience in the worlds of investment banking (Rothschild and Mediobanca) and operational advisory (Alvarez & Marsal), today he is the Head of the Turnaround & Credit Opportunities Division at illimity.

Florentine by birth and Milanese by adoption, he devotes his spare time to literature and cycling.

Francesco is graduated in law with a training gained also abroad and, after some experiences in law firms, in 2002 starts his professional
career 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.

In March 2019 he joined illimity as Head of Compliance and Anti-Money Laundering (AML) and now holds the position of Chief Compliance &
AFC Officer, leading a team with different 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.

Holding a degree cum laude in Economics, he went on to study Corporate Finance at SDA Bocconi. He then specialised in corporate lending, working his way up the corporate ladder at leading Italian and international banking groups, including BNP Paribas, Mediobanca and GE Capital Interbanca. In 2018, he joined AMCO, creating the UTP Corporate area from scratch, such that in less than three years it got up to managing assets in excess of €3 billion with a 25-strong team.

In 2020 he joined neprix as Head of UTP Management at neprix helping to make the company the first end-to-end servicer specialising in corporate distressed credit. Since 2022 he is part of illimity Management Team, serving as Chief Lending Officer, tasked with overseeing the area's digitalisation process in order to improve credit quality while managing the related risk. From July 2023 he is Head of b-ilty.

Fabio is married to Francesca and they have a son, Federico.

Paolo graduated in Economics from the University of Genoa in 2000 and has acquired over 20 years of experience in the banking and financial sector, specializing in credit and risk management.

After working for 15 years in the Carige Group, most recently as Head of Credit Risk Management, he joined EY in 2015, where he remained for 3 years. During his time there, he focused on project management related to lending processes and coordinated significant credit portfolio due diligence activities associated with the consolidation of leading Italian groups.

In October 2018, Paolo joined illimity as Head of Support and Monitoring activities for the Growth Credit Division, and since July 2023, he is Chief Lending Officer of the Bank.

Paolo divides his time between Milan and the Ligurian Tigullio, where he lives with his wife Michela and their daughters Francesca and Benedetta.

Graduated in Business Administration at the Bocconi University, Sergio began his career at KPMG where he gained 15 years of experience in auditing and consulting for major Italian and international banking groups , rising to the position of Senior Manager.

His path led him to specialize in financial statements, IAS/IFRS international accounting standards, extraordinary transactions and
regulatory capital requirements.

He joined illimity in 2018 as Head of Administration, Accounting & Control, dealing with financial reporting, regulatory reporting and
tax issues.

Sergio is married to Chiara and father of Tommaso and Alberto and in his spare time he passionately tends his orchard in the Valtidone hills.

Marco has over 15 years’ experience in non-performing loans investment secured by illiquid real estate assets and over 19 years’ experience in real estate investment, development and asset turnaround.

He collaborated with Bain & Company for institutional clients such as Deutsche Bank Real Estate and Eni, then spent 10 years at Finance Roma, where he served as Executive Director and CEO, managing real estate investments and NPL credits.

In 2016, he became General Manager of Aurora Capital, which was integrated into the illimity Group in 2023, giving rise to ARECneprix. Marco served as General Manager of ARECneprix until November 2024 and now he is the CEO of the company.

Andrea has been alongside Corrado Passera since the foundation of illimity.
After graduating in Mechanical Engineering, he began his professional career at Accenture, then moved to McKinsey & Co. where he spent 10 years serving various banking clients in the EMEA region.
After McKinsey, he joined Gartner Consulting, and than he decided to follow his entrepreneurial inclination by founding and leading VISYO, a high-tech startup.
Andrea serves as CEO of ARECneprix until November 2024 and he is now President of ARECneprix and CEO of Abilio, where he will continue to offer his entrepreneurial vision and expertise in the financial and real estate sectors.

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.