Banco BPM, new organizational model. Established new CIB function

Banco BPM in rally after Enasarco capital operation

(Tiper Stock Exchange) – BPM desk he defined the new structure of the General Management and top executivesfor a better coordination of the group’s activities with respect to the path traced in the 2021-2024 Strategic Plan. In particular, the Chief Financial Officer (CFO) Co-General Management was established, the scope of the Chief Business Officer (CBO) Co-General Management (CBO) was redefined, the new Corporate & Investment Banking (CIB) function was established and the position of Chief Risk Officer (CRO) was established ). The new appointments will take effect from 1 January 2023.

TO Edward Guineverecurrent CFO, is assigned theposition of Co-General Manager (CFO) with the responsibility of coordinating the administration and preparation of the financial statements, finance, integrated management of purchases, management of equity investments, investor relations, planning and control and optimization of capital.

The new perimeter has been defined Co-Directorate General (CBO) in the commercial field, already under the responsibility of Dominic De Angelis, which will maintain the supervision of the Commercial functions – divided into Individuals and Businesses – Institutional Entities and Third Sector, Marketing and Omnichannel and on the 8 Territorial Departments. The Co-General Manager (CBO) is also entrusted with the coordination and supervision of the subsidiary Aletti Bank.

The development of the strategic initiatives envisaged for the Corporate area is the responsibility of new feature called CIBentrusted to the current Corporate Manager Luca Manzoni. In addition to the Corporate network, Structured Finance and Global Transaction Banking activities, this structure is assigned the coordination and supervision of Banca Akros, the Investment Bank of the group.

The risk control function has been strengthened through the establishment of the post of CRO (Chief Risk Officer)entrusted to Andrea Rovelliniformerly Head of Risks, who maintains the role of Head of the Risk Management Function (Risk Manager).

Salvatore Polonicurrent Co-General Manager, since 31 December 2022 leaves the Banco BPM Group.

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