Mediobanca Corporate Presentation. Università Commerciale L. Bocconi, Milan

Size: px
Start display at page:

Download "Mediobanca Corporate Presentation. Università Commerciale L. Bocconi, Milan"

Transcription

1 Mediobanca Corporate Presentation Università Commerciale L. Bocconi, Milan September 20 th 2013

2 History and mission of Mediobanca Group Profile 1946 Foundation Founded in 1946 by Comit, Credit and Banco di Roma, the three state-owned banks of national interest Mission: to support the rebuilding of the Italian industry through supply of medium/long-term financing and advisory services to enterprises s Development 1970s 80s Restructuring of Italian Industries 1990s early 00s Italian largest privatizations Recent years diversification 1950s: supporting growth of leading Italian groups 1956: listing on Milan stock market (the first banking group listed after the war) Fiduciary business via Spafid (1951), consumer credit with Compass (1960) and leasing with Selma (1970) Key role in Italian industry restructuring: MB became house bank for the most important Italian industrialists By mid-1970s MB s equity investment portfolio included Generali (4.5%), Fiat (2.5%), Montedison (2.5%), Olivetti (5%), Pirelli & C, (3.3%) and Fondiaria (10%) 1998: MB privatization; core shareholders pact between state-owned banks (25%) and private corporates (25%) Industrial restructuring followed by a surge of privatizations and IPOs, where MB confirmed its leadership Residential mortgages business started up with Micos (1992) Increase in size of equity investment portfolio (Generali 14%) Private banking business entered with Banca Esperia (2001) and CMB (2003) New management team (2003) and strategy refocused on banking activities CIB activities internationalized with the opening of branches in Paris (2004), New York (2006), Madrid (2007), Frankfurt (2007), London (2008) and Istanbul (2012) Creation of a leading domestic operator in consumer lending (acquisition and merger of Linea, 2007) Retail banking started with CheBanca! (2008) 2

3 Business model Mediobanca Group CIB & Private Banking Retail & Consumer Principal Investing Corporate Centre Wholesale Banking Consumer credit Equity investments Leasing Lending Advisory Capital Markets Retail banking Private banking 3

4 Increasing international presence Direct presence France Lending and Corporate Finance Germany Lending and Corporate Finance U.K Capital Markets Istanbul Corporate Finance Spain Spain Lending and Lending Corporate and Corporate Finance Finance Moscow U.S.A Brokerage U.S.A Brokerage London Paris Luxembourg Frankfurt Milan New York Madrid Istanbul Rome 4

5 Corporate Finance Client-focused professionals organized by Industry Teams A track record of 60 years of unparalleled achievement and long-term relationships with major Italian groups Company valuations Mergers and acquisition Debt Advisory Proven capability in providing a comprehensive service Shareholders agreements Company Corporate Restructurings Unique understanding of domestic industrial, regulatory, legal and tax environment Financial Analysis and benchmark Strategic objectives Excellent relationships with major international financial institutions, such as investment banks, commercial banks, private equity funds, etc. Joint ventures And partnerships Disposals and spinoffs Relations with Institutional bodies Industries Branded Goods & Industrials Energy FIG Real Estate TMT Debt Advisory Offices Milan and regional Area offices Frankfurt Madrid Paris 5

6 M&A major deals in Leadership in M&A confirmed not only by the size and importance of the deals, but also the high degree of coverage in terms of industries Pending Pending July 2013 June 2013 May 2013 May 2013 May 2013 May 2013 April 2013 March 2013 February 2013 January m Disposal of Carige AM SGR by Banca Carige Banca Carige 704m Disposal of Generali US life reinsurance business to SCOR Generali a majority stake in Pomellato Group by PPR/Kering Financial Advisor of the Acquiror 75m Sale of 66 branches to Banco Etcheverria NCG 298m Construction equipment, agriculture and industrial automation the Company 83.7m Units disposal of the real estate fund managed by Morgan Stanley SGR S.p.A. MSEOF Como Sarl and MSEOF Garda Srl 2.5bn a 92% stake in GBW by a consortium led by PATRIZIA Immobilien AG the Acquiror Disposal of South European businesses to Norbert Dentressangle by Fiege the Seller Value undiscloesd Safe by Landi Renzo the Acquiror 4,587m Reorganization of Endesa participations in Latin America Enel / Endesa 140m Business combination between Sesa Group and Made in Italy 1 SPAC Sesa 11m Equity investment by Fondo Italiano di Investimento SGR the Seller November 2012 November 2012 October 2012 Financiere du Loch 360m Merger with Bollorè the Acquiror 264m the majority stake by PAI Partners from Marcolin Family and Della Valle Family Financial Advisor of PAI Partners Acquisition by Coesia Group of 100% of Oystar North America from Odewald & Cie. Sole Coesia Group 752m Sale of Brazilian electricity transmission network concessions ACS 208m Sale to C.R. Asti of 60.42% stake of MPS into Biverbanca MPS 5,425m Recapitalization the Target SAFA 46m Take-over and squeeze out by Bollorè Financial Advisor to the Acquiror and Presenting Bank 426,2m Acquisition from municipality of Turin of a stake in AMIAT e TRM IREN 1,641m Disposal of Müller Group s stake in Douglas Holding to Advent International Advisor to Müller Group Value undiscloesd Rosen Eiskrem by DMK DMK 800m Investment of FSI in Paprec Group FSI 72m Italian jeans manufacturer (Grotto) the Company October 2012 July 2012 May 2012 March 2012 March 2012 January 2012 January 2012 December 2011 December 2011 December 2011 December 2011 November bn Sale of 30% of SNAM to CDP Eni S.p.A. 49m the depositary bank activity of four italian cooperative bank groups by ICBPI Advisor to ICBPI 1.668m Disposal of Delmi s 50% stake in TdE, controlling holding of Edison S.p.A., to EDF and acquisition by Delmi of a 70% stake in Edipower S.p.A. a2a 436m Acquisition by Swisscom of Metroweb together with F2i Advisor to Swisscom Coccinelle S.p.A. by E.Land World Limited the Seller Investment by Fondo Italiano di Investimento SGR through equity and convertible capital increase the Seller Acquisition by Coesia Group of 100% of FlexLink Holding AB from AAC Capital Partners Sole Coesia Group Equity investment by Fondo Italiano di Investimento SGR the Seller 573m Acquisition by JS Group Corp. of the entire share capital of Permasteelisa S.p.A. from Investindustrial and Alpha P.E the Sellers Balconi S.p.A. by Clessidra SGR S.p.A. the Seller 82,7m Acquisition by Emak of the entire share capital of Tecomec, Comet, Sabart and Raico from Yama the Acquiror Alcisa Group by Grandi Salumifici Italiani the Acquiror October 2011 October 2011 September 2011 September 2011 July 2011 July 2011 March m Acquisition by Eurazeo SA of a 45% stake in Moncler SpA from Carlyle Group Plc and Brands Partners 2 SpA Advisor to the target 700m Acquisition by Tim Participações of AES Atimus Group Telecom Italia 243m Partnership in life and non-life bancassurance with purchase of a 81% stake in Bipiemme Vita by Covéa Group Banca Popolare di Milano 1,815m Disposal of renewable assets to Bridgepoint, Canepa Energy, REEF, Antin and Gas Natural ACS 97m Disposal of c. 85% shareholding in Banca Agricola Commerciale della Rep. di S. Marino by UniCredit to Istituto Bancario Sammarinese Advisor to UniCredit 150m Pittarello Group by 21 Investimenti the Acquiror 77.5% stake in Visiant Galyleo Advisor to Indra 187m Acquisition by Global Games of 50,68% stake in SNAI and subsequent tender offer for outstanding shares Advisor to Global Games 1.4bn Acquisition by BC Partners of a 78.7% stake in Gruppo Coin Sell Side Advisor to Financière Tintoretto Gianfranco Ferrè (IT Holding Group) by Paris Group the Seller March 2011 March 2011 March 2011 January 2011 January 2011 January 2011 Acquisition by Openjob of 100% Metis Financial advisor to Openjob 1.3bn Acquisition by Prysmian of 100% stake capital of Draka Holding Advisor to the Acquiror 290m SET Group by Limak from Italcementi Group Italcementi Group Ittierre (IT Holding Group) by Albisetti S.p.A. the Seller 27.43m Acquisition by Eaglemoss Publishing of a 51% stake in GE Fabbri Ltd from RCS Mediagroup SpA Advisor to the Target 1,0bn Acquisition by Telecinco of assets from Grupo Prisa (Cuatro and a 22% stake in Digital+) Financial Advisor to Mediaset 6

7 M&A Deals cross-border Pending July 2013 May 2013 May 2013 September 2012 May 2012 October 2011 September 2011 July m Disposal of Generali US life reinsurance business to SCOR Generali a majority stake in Pomellato Group by PPR/Kering Financial Advisor of the Acquiror Disposal of South European businesses to Norbert Dentressangle by Fiege the Seller 83.7m Units disposal of the real estate fund managed by Morgan Stanley SGR S.p.A. MSEOF Como Sarl and MSEOF Garda Srl 2.9bn Restructuring of Seat Pagine Gialle S.p.A. financial debt Senior Secured bond holders 224m Public tender offer on 100% Buongiorno S.p.A. shares by DoCoMo Deutschland GmbH the Target 609.6m Acquisition by Eurazeo SA of a 45% stake in Moncler SpA from Carlyle Group Plc and Brands Partners 2 SpA Advisor to the target 243m Partnership in life and non-life bancassurance with purchase of a 81% stake in Bipiemme Vita by Covéa Group Banca Popolare di Milano 1.4bn Acquisition by BC Partners of a 78.7% stake in Gruppo Coin Sell Side Advisor to Financière Tintoretto Ono Packaging by CCPL CCPL March January 2011 July 2010 October 2009 October 2009 September 2008 February 2008 June % stake in Visiant Galyleo Redefinition of the joint venture agreements with GDF Suez Acquisition by SMEG of Australian assets and brands of REXEL 1,0bn Acquisition by Telecinco of assets from Grupo Prisa (Cuatro and a 22% stake in Digital+) a Non-Performing Loan Portfolio by ColonyCapital Wagon Automotive Nagold by Metalmeccanica Tiberina 300m Maciachini business park (Milan) from IVG Immobilien Eurocryor by EPTA SpA parts from Endesa by E.ON 2.0bn Enel Viesgo from Enel by E.ON Advisor to Indra Acea SMEG Financial Advisor to Mediaset Acquiror Acquiror Financial advisor to the Acquiror Acquiror Seller Seller June 2007 November 2010 February 2010 March 2010 November 2009 May 2009 May 2009 February 2009 October 2008 October % of Madaus Pharma by Rottapharm Acquisition by Credit Agricole SA of Carispe and 96 branches (an 80% interest in Cassa di Risparmio della Spezia) 100m Disposal by Carrefour of 20% Finper stake to Brunelli family Acquisition by Arcotecnica Real Estate of Icade Italia SpA from Icade 2.0bn Buy-back of minority shareholders 1.5bn Dismissal by Enel of 80% of Enel Rete Gas to F2i and AXA Private Equity 200m Acquisition by Koninklijke Philips Electronic of Saeco International Group 323m Acquisition by Air France of a stake in Cai/Alitalia 4.8bn Acquisition by ENI of the primary gas operator in Belgium 2.6bn Disposal of energy assets in Italy to Suez Rottapharm Advisor to Credit Agricole the Seller Advisor to the Target Advisor to ENI Enel Financial advisor to the Target the Acquiror the Acquiror Advisor to ENI October 2008 June 2008 March 2008 March 2008 October 2007 August 2007 July 2007 March m Minority investment of SNCF in NTV 800mln Dismissal by Telecom Italia of 100% of Alice France (TI French broadband operations) Disposal of LA SNET to E-on 226 m Acquisition by Cofathec of 7 power plants from Edison 135mn Disposal by Accor SA of Gemeas Cusin Ristorazione e Scapa Italia to Barclays P.E. 1.25bn Disposal by Assicurazioni Generali SpA of Nuova Tirrena Spa to Groupama SA 5.3bn Beni Stabili by Groupe Financiere des Regions 1.6bn Montepaschivita by AXA Advisor to NTV Co-Advisor to the Seller Advisor to ENEL Advisor to Edison the Seller the Seller Advisor to Beni Stabili Advisor to Montepaschivita 7

8 Lending & Structured Finance Financing specialists are active in Debt Origination advising client on analyzing potential capital structure and financing solutions available across a broad array of debt products, including addressing credit rating implications Corporate lending Leveraged finance providing structuring and execution of lending transactions Company granting access to significant size financing through the international syndicated market Project finance Export finance offering facility and security agency services for Corporate and Structured Finance transactions Loan Syndications Additional Services Facility Agency Security Agency Rating Advisory Debt Advisory Offices Milan and regional area offices Frankfurt London Madrid Paris 8

9 Syndicated loans leading position in Italy June 2013 June 2013 April 2013 April 2013 February 2013 February 2013 February 2013 February 2013 July 2012 May m and General Corporate 150m Refinancing, Capex and General Corporate and Project Monitor 345m General Corporate, and Facility Agent 600m General Corporate, and Facility Agent 200m Capex Line and General Corporate 2bn 9.44bn Forward Start and Doc Agent 400m Term Facilities 200m Refinancing and General Corporate and 11bn 500m May 2012 May 2012 April 2012 April 2012 February 2012 November 2012 November 2012 October 2011 September 2011 August 2011 July 2011 TELCO S.p.A. 1,246m Acquisition Facilities 1,050m Refinancing Facility 308m 600m Acquisition Facilities 3.2bn 130m Refinancing and General Corporate and 50m Arranger 1.95bn 2.1bn Acquisition & Refinancing Facilities 900m 400m July 2011 July 2011 December 2010 December 2010 November 2010 May 2010 April 2010 January bn (Italy & Spain) Facilities 985m LBO 700m 300m Refinancing Facility 850m 1.4bn ($ and ) Facilities 2bn 1.2bn 400m TL & RCF 10bn 1,070m Coordinator Global Coordinator Sole Coordinator January 2010 September 2009 July 2009 April 2009 December 2008 December 2008 July 2008 June 2008 June 2008 June 2008 May 2008 TELCO S.p.A. Enel Rete Gas For the acquisition of 25% of: 1.3bn Credit Facility 1,025m Senior Credit Facilities 600m Term Facilities 8bn TL & Forward Start 360m Term Loan Facilities 3.1bn Term Loan Facilities 190m 110m Term Loan Facilities 275.6m Project Financing 3.2bn Term Loan Facilities 113m LBO Sole December 2007 April 2007 March 2007 March 2007 February 2007 January 2007 December 2006 October 2006 May m Term Loan Facility 35bn Term Loan Facilities 1,280m Acquisition Financing 2bn TL & RCF 365m Senior and Subordinated Facilities 555m Senior and Second Lien Credit Facilities 200m Term Loan Facility 500m Term Loan Facility 1.2bn Senior Refinancing Facilities Sole April 2006 April 2006 March 2006 December 2005 December 2005 November m 750m 550m TL & RCF 250m TL & RCF 500m TL & RCF 5bn The role of always entails the status of 9

10 Syndicated loans increasing international presence June 2013 June 2013 June 2013 June 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 January 2013 Guarantee backing an 400m EIB financing US$13bn Revolving Credit Facilities Co-Arranger 3.3bn Acquisition Financing Participation US$14.6bn Senior and Subordinated Debt Acquisition Financing Participation 3.3bn Acquisition Financing Arranger 1.25bn Multicurrency Term and Revolving Facilities Coordinator, MLA and 70m Senior Add-on Acquisition Facility Participant 1,100m Arranger 1,250m Forward start facility of Telefonica S.A. syndicated financing 480m Senior Refinancing Facilities 4.5bn Term and Revolving Credit Facility and Red & Black Holding GmbH Holding company of HUGO BOSS 840m Refinancing Facility and 1,100m USD 700m Refinancing Arranger November m Acquisition Financing Lead Arranger October bn Refinancing Arranger June m February bn October m Credit Facilities 3.3bn Credit Facilities July m Acquisition Facilities Kinove (Evonik - CarbonBlack) $ 250m Super Senior RCF 1.8bn Multicurrency March 2011 February 2011 February 2011 January 2011 January 2011 April 2011 December 2010 December 2010 December m 380m 6bn 735m 655m Acquisition Financing 2.5bn 230m 7.5bn Acquisition Facilities 675m Senior Credit Facilities 1bn Term Loan Facility $ 1.2bn Senior Secured Credit Facilities November 2010 October 2010 August 2010 August 2010 August 2010 July 2010 July 2010 July 2010 June 2010 June 2010 June m Acquisition Facilities CHF 1.1bn Acquisition Financing 1.5bn Acquisition Financing 625m New Class B Facility 550m 500m Add-on Facility 2.6bn Refinancing 500m 1.2bn 450m 400m May 2010 April 2010 April 2010 April 2010 April 2010 March 2010 March 2010 March 2010 March 2010 March 2010 December bn 100m 3bn 2.5bn $ 300m Term Loan Refinancing 530m 2.5bn $ 13bn Refinancing 4bn Term Loan Facilities 3.9bn Term Facilities 1.2bn Refinancing October 2009 June 2009 June 2009 February 2009 November 2008 August 2008 August 2008 August 2008 June m Acquisition Financing 8.7bn 2.5bn RCF 4bn Forward Start Facility Structured Financing 1,250m Acquisition Financing 268m Senior Credit Facilities 970m Acquisition Financing 850m RCF The role of always entails the status of 10

11 Capital Markets Mediobanca s capital markets products and structuring expertise is based in London and Milan Equity Solutions Credit and Alternatives solutions Structured Credit Leverage Finance Merger & Acquisition related transactions Stake building Single stock hedging Yield enhancement Mediobanca and insurance capital Structured equity finance High net worth individuals Corporate principal investment Treasury shares management Flow business Investor Marketing Financial investments Capital Fund raising Retail products Principal investments Emerging market Rates Trading Government Bond Interest Rates and Inflation swaps Option on IRS and Bonds Exotic Interest Rates Instruments CLOs Balance sheet CLOs High grade CDOs SMEs CLOs Placement of funds purchasing asset with ABS techniques Restructuring of structured products portfolios CFOs Coverage of private equity funds Syndication and origination of leverage loans in Northern Europe Equity Research Credit Trading CDS single name and indexes ABS Back-to-back instruments Coverage of almost 100 Italian listed companies Coverage of pan-european financial institutions with a Team of 8 professionals, including 2 specialist sales 11

12 ECM & DCM recent transactions ECM ca. 16m ABO Sole 185m ABO Joint Global Coordinator and Joint 245m IPO Joint Global Coordinator, Joint and Sponsor ca. 9m ABO Joint 174m IPO Joint Global Coordinator, Joint and Sponsor 281m ABO Joint 379m IPO Joint Global Coordinator, Joint and Sponsor 233m ABO Sole 51m ABO Sole 2,466 IPO Joint Global Coordinator, Joint and Sponsor 37m IPO Global Coordinator, and Sponsor m ABO Joint 25m ABO Sole 89m ABO Joint 120.3m IPO Joint Global Coordinator, Joint and Sponsor 8m IPO Global Coordinator and 4m IPO Global Coordinator, and Listing Partner 210m IPO Joint Global Coordinator, Joint and Sponsor 429m ABO Sole bookrunner 38,5m IPO Global Coordinator, Sole and Listing Partner 151,51m IPO Joint Global Coordinator, Joint and Sponsor 414m IPO Global Coordinator, and Sponsor DCM September 2013 September 2013 July 2013 July 2013 May / June 2013 May 2013 May 2013 April 2013 April 2013 April 2013 March ,250,000,000 Hybrid 6.5% January 2074 Joint 750,000, % September 2020 Joint 425,000, % August 2020 Joint 500,000, % January 2021 Joint Exchange GBP LT2 due 2018 vs new GBP senior due 2018 New Notes issued amount: GBP 170,082,000 Lead Dealer Manager US$ 35,000, % Senior Notes Amortising due 2025 Arranger 750,000, % May 2019 Joint 300,000,000 3mE+87bps January 2016 Joint 230,000, % April 2018 Joint 1,000,000, % June ,000, % January 2021 Joint 750,000,000 Hybrid 7.750% March 2073 Joint March 2013 March 2013 February 2013 January 2013 January 2013 January 2013 November 2012 November 2012 November 2012 November ,250,000, % March 2018 Joint 300,000, % March 2019 Joint US$ 50,000, % Senior Notes Amortising due 2023 Arranger 250m tap 3,375% Senior Unsecured due January 2018 Joint Joint 700,000, % January 2028 Joint 400m 4.00 % Senior Unsecured due July 2015 Joint Joint 1,250,000,000 Fixed/Floating Senior Dated Subordinated Notes Due December 2042 Joint 750,000, % November 2019 Joint 350m 4% Senior Unsecured due November 2014 Joint Joint 400,000, % November 2019 Joint 750,000, % November ,000, % February 2020 Joint 12

13 Risk Management Activities Chief Risk Officer Responsible for monitoring and reporting risks to the CEO Provides leadership, vision and direction to the Enterprise Risk Management development and its absorption into the Bank s culture Credit Risk Management Market Risk Management Risk Management London Risk Projects Operational Risk Management Counterparty analysis and credit and market assessment of transactions Rating advisory Monitoring and reporting of market related exposures Liquidity risk management Independent validation of Front Office derivatives pricing models Risk oversight of trading activities in MB London branch Measuring and monitoring of risks deriving from internal processes, people, systems and external events Enterprise Risk Management Portfolio monitoring and stress testing ICAAP Internal Capital Adequacy Assessment Process Internal rating system validation 13

14 S.I.S. - Struttura Integrata di Servizi Corporate Finance Corporate & Investment Banking Lending & Structured Finance Capital Markets Mediobanca Securities Struttura Integrata di Servizi Middle Office Organization Demand Management Information Technology Back Office Key Tasks Key Tasks Key Tasks Key Tasks Operations Services Demand Management System integration Cash/securities account Fidi, Garanzie Project Management Software development Settlement Financial Markets Support Procedures & policies Interface customer/vendor Complaints Credits and Loans Specific area of expertise Business strategy Process analysis Specific area of expertise Process reengineering Technology Support in development of new capital markets products Specific area of expertise IT and TLC Process analysis Structured approach Derivatives Specific area of expertise Business administration Process analysis Analysis of requests of changes in the information system 14

15 Profiles required Corporate Finance Lending & Structured Finance Capital Markets Operations Studies Studies Studies business, finance, economics business, finance, economics business, finance, economics management engineering management engineering engineering, physics statistics, mathematics, physics computational sciences Languages english Languages Languages french, spanish, german english english french, spanish, german Specific area of expertise Specific area of expertise financial accounting Specific area of expertise business strategy corporate valuation financial mathematics financial mathematics business law econometrics process analysis financial markets & products technology Values 15

16 Why Mediobanca? Mediobanca is the leading investment bank in Italy and one of the most important players in the European arena History of success Our people are our most valuable asset. We all share the culture, ethical principles and the pride that helped the Bank achieve 65 years of success Leadership Culture Working at Mediobanca means working in a fast and flexible environment where confidentiality is a treasured value Because of our flat hierarchical structure, new joiners can benefit from working side by side with senior and experienced professionals to maximise their growth at such an early and fundamental stage of their careers Sustainable business model Training We always take a 360 approach to our clients with the goal of constantly addressing their needs in the medium-long term and to work hard to maintain their trust Innovation and flexibility 16

17 Mediobanca s 1st Junior Talent Program months Internship Skills and interests identification Italy or Abroad Sponsor Team Junior Talent Program (JTP) Skills and knowledge enhacement Country / Team rotation Sponsor Team + Host Team Who is eligible? Outstanding interns who have successfully concluded a 6 months internship What about the program content? The program is tailor-made: Country/team rotations will be planned to match the individual's skills & interests to the Bank s business needs What do I have to do to apply? Just apply to our year-round internship openings by sending your cv What happens next? If you have been successful during the JTP and have enjoyed your time with us, on the basis of the openings you will be assigned to your new team 17

18 Marco market risk management Età: 29 GIORNATA TIPO Formazione: Laurea in Ingegneria Gestionale (Politecnico di Milano) Master post lauream in Finanza Quantitativa e Risk Management (Università Bocconi) Monitoraggio dei principali indicatori Studio di fattibilità di nuovi prodotti In Mediobanca da: Luglio 2008 Supporto tecnico alle decisioni del top management COMPETENZE di uso frequente Tecniche: conoscenza dei principali modelli di pricing e di risk assesment, analisi funzionale Informatiche: programmazione in VBA Lingue: Inglese, Spagnolo Personali: capacità di lavorare in team PROGETTI RILEVANTI A CUI HO PARTECIPATO Implementazione di una nuova metodologia per il calcolo dell esposizione al rischio controparte ed emittente sul trading book Sviluppo di metriche di valutazione del rischio di nuovi prodotti/business PERCHE MEDIOBANCA Possibilità di lavorare in un team giovane ed in un contesto in continua evoluzione 18

19 Maria equity derivatives trading Età: 25 GIORNATA TIPO Formazione: Laurea Triennale e Specialistica in Economia dei Mercati e degli Intermediari Finanziari (Università Bocconi) Attività di pricing, hedging e trading sui mercati Briefing di aggiornamento In Mediobanca da: gennaio Operazioni di chisura COMPETENZE di uso frequente Tecniche: modelli di pricing di prodotti derivati e strutturati Lingue: Inglese, Spagnolo Personali: capacità di lavorare sotto pressione e di prendere decisioni in situazioni di stress PROGETTI RILEVANTI A CUI HO PARTECIPATO Emissione di prodotti strutturati Sviluppo di modelli di pricing per opzioni esotiche Gestione del portafoglio indici PERCHE MEDIOBANCA Possibilità di lavorare in una realtà dinamica, con forti possibilità di crescita, a contatto con figure professionali altamente competenti 19

20 Cristiano middle office Età: 30 GIORNATA TIPO Formazione: Laurea Triennale in Economia Aziendale e Specialistica in Amministrazione, Finanza e Controllo (Università Bocconi) Supporto al FO ed alle strutture di staff Controlli ed analisi delle reportistiche funzionali alle varie funzioni di supporto della sala mercati In Mediobanca da: ottobre Presidio di primo livello sulle operazioni OTC inserite nel sistema di FO, mediante uno specifico workflow, atto a favorire il corretto recepimento dei trade nei sistemi e nelle reportistiche a valle COMPETENZE di uso frequente Tecniche: conoscenza e comprensione dei prodotti finanziari e delle implicazioni derivanti per le varie funzioni della banca Lingue: Inglese, Spagnolo Personali: capacità di lavorare in team e di gestire le attività nelle tempistiche stringenti dettate dal mercato PROGETTI RILEVANTI A CUI HO PARTECIPATO Supporto al FO ed alle strutture di staff Controlli ed analisi delle reportistiche funzionali alle varie funzioni di supporto della sala mercati Presidio di primo livello sulle operazioni OTC inserite nel sistema di FO, mediante uno specifico workflow, atto a favorire il corretto recepimento dei trade nei sistemi e nelle reportistiche a valle PERCHE MEDIOBANCA Possibilità di lavorare in una realtà dinamica e altamente formativa, con forti possibilità di crescita e di apprendimento 20

21 Chiara M. leveraged finance Età: 30 PRINCIPALI ATTIVITA Formazione: Laurea in Economia Aziendale con specializzazione in Finanza aziendale (Università Bocconi) Analisi del pacchetto di due diligence legato alla nuova opportunità di finanziamento Implementazione del modello finanziario volto a testare la debt capacity del nostro potenziale borrower In Mediobanca da: dicembre 2005 Incontri con il cliente e/o fondo di private equity acquirente della società target Stesura del credit memo da sottoporre al comitato rischi Review assieme al nostro legal advisor, di tutta la documentazione legale relativa al nuovo deal COMPETENZE di uso frequente Tecniche: implementazione di modelli finanziari per operazioni LBO; conoscenza degli standard contrattuali per finanziamenti di leveraged buy out Lingue: Inglese, Francese Personali: attitudine a lavorare sotto pressione, proattività, team worker PROGETTI RILEVANTI A CUI HO PARTECIPATO Strutturazione del finanziamento di acquisizione di Findus da parte di Bird' s Eye Iglo, il leader europeo dei surgelati che fa capo al fondo di private equity Permira Strutturazione del finanziamento legato all offerta pubblica di acquisto da parte di Generali su azioni Toro Assicurazioni PERCHE MEDIOBANCA Possibilità di essere in un contesto di rilievo all interno del mercato italiano, dove tra l altro si è seguiti in maniera strutturata nel proprio percorso di crescita professionale 21

22 Chiara A. debt capital markets Età: 26 GIORNATA TIPO Formazione: Laurea Triennale in Economia Aziendale e Laurea Specialistica in Amministrazione Finanza e Controllo (Università Bocconi) Check Bloomberg per aggiornamento sul mercato Incontri interni di brainstorming In Mediobanca da: giugno Predisposizione di presentazioni/incontri con i clienti COMPETENZE di uso frequente Tecniche: Bloomberg, modelli su excel per simulare l impatto sulla struttura economico-finanziaria delle società di varie soluzioni di finanziamento e power point Lingue: Inglese Personali: capacità di lavorare sotto pressione rispondendo a tutte le richieste con la massima rapidità e precisione PROGETTI RILEVANTI A CUI HO PARTECIPATO Emissioni di bond Sviluppo di modelli per simulare l impatto sulla struttura economico-finanziaria di varie soluzioni di finanziamento Attività di consulenza finanziaria PERCHE MEDIOBANCA Possibilità di lavorare con le principali società europee sentendosi un market-maker, in una realtà dinamica, a contatto con figure professionali altamente competenti 22

Why not Italy? Opportunities on Italian M&A market

Why not Italy? Opportunities on Italian M&A market Singapore, November 16 th 2013 Bocconi Alumni Asia Conference 2013 Eugenio Morpurgo Fineurop Soditic C.E.O. Fineurop Soditic S.p.A. Why not Italy? Opportunities on Italian M&A market Singapore 1 Opportunities

More information

Methorios Capital. Small Cap Conference. Milan, 29th November 2012 Borsa Italiana Palazzo Mezzanotte 11.30 Room Gialla

Methorios Capital. Small Cap Conference. Milan, 29th November 2012 Borsa Italiana Palazzo Mezzanotte 11.30 Room Gialla Methorios Capital Small Cap Conference Milan, 29th November 2012 Borsa Italiana Palazzo Mezzanotte 11.30 Room Gialla 2 Methorios Capital Group Business overview Key Numbers & Strategies 3 3 Overview Methorios

More information

MILAN MOSCOW LONDON NEW YORK BEIJING DUBAI

MILAN MOSCOW LONDON NEW YORK BEIJING DUBAI C O M P A N Y P R O F I L E MILAN MOSCOW LONDON NEW YORK BEIJING DUBAI WWW.HERAIMMOBILI.COM W H O W E A R E Héra International Real Estate is an Italian company focused on offering high-end real estate

More information

2012 Preliminary Results and Facts

2012 Preliminary Results and Facts 2012 Preliminary Results and Facts January 2013 Mission CDP: joint stock company under public control, minority stake owned by broad group of private banking foundations MISSION: SUPPORTING ITALY S GROWTH

More information

PRESS RELEASE. BNP Paribas announces intent to acquire BNL

PRESS RELEASE. BNP Paribas announces intent to acquire BNL Paris, 3 February 2006 PRESS RELEASE BNP Paribas announces intent to acquire BNL BNL would become a key part of a global banking group with an outstanding European base and two home markets. BNP Paribas,

More information

Partner track record & specialities

Partner track record & specialities Partner track record & specialities MATTIA CAVALERI Founder - Chairman Present: Chairman and Partner of Real consultant, Partner of Amadesi Partners Real Estate Advisors, Chairman of the Comitato di Controllo

More information

Agenda. Who we are. Our services. Contacts. Page 2. 1.1 The Company, our values and consulting approach. 1.2 Partners. Page 3. 2.1 Areas of activity

Agenda. Who we are. Our services. Contacts. Page 2. 1.1 The Company, our values and consulting approach. 1.2 Partners. Page 3. 2.1 Areas of activity Agenda Who we are 1.1 The Company, our values and consulting approach 1.2 Partners Page 2 Page 3 Our services 2.1 Areas of activity 2.2 Services Page 5 Page 6 Contacts 3.1 Contacts Page 8 1 Who we are

More information

JOB TITLE COUNTRY COMPANY FINANCIAL STRATEGY AND CAPITAL MARKETS A2A S.P.A. ITALY CREDIT ANALYST ABI ITALY MANAGING PARTNER ABSOLUTE ENERGY CAPITAL

JOB TITLE COUNTRY COMPANY FINANCIAL STRATEGY AND CAPITAL MARKETS A2A S.P.A. ITALY CREDIT ANALYST ABI ITALY MANAGING PARTNER ABSOLUTE ENERGY CAPITAL COMPANY A2A S.P.A. ABI ABSOLUTE ENERGY CAPITAL AEROPORTO G. MARCONI DI BOLOGNA S.P.A. AGENZIA DEL DEMANIO ALBA LEASING ALBA LEASING ALESSIA SICAV ALGEBRIS INVESTMENTS ALITALIA AMPLIFON AMUNDI ARCA SGR

More information

The Role of Long Term Institutional Investors in Financing Infrastructure

The Role of Long Term Institutional Investors in Financing Infrastructure INVESTMENT AND INVESTMENT FINANCE THE SUPPLY AND DEMAND OF LONG TERM FINANCE Moscow, February 13-14, 2013 The Role of Long Term Institutional Investors in Financing Infrastructure Franco BASSANINI Chairman,

More information

Extract from. Études et Dossiers No. 342. KIDI International Conference 2007

Extract from. Études et Dossiers No. 342. KIDI International Conference 2007 International Association for the Study of Insurance Economics Études et Dossiers Extract from Études et Dossiers No. 342 KIDI International Conference 2007 New Risk Management Environment and Strategy

More information

START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS

START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS PRESS RELEASE START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS Signature today of a memorandum of understanding for a long-term business partnership

More information

DEPFA BANK plc: Presentation to Merrill Lynch s Banking & Insurance Conference 2005

DEPFA BANK plc: Presentation to Merrill Lynch s Banking & Insurance Conference 2005 DEPFA BANK plc: Presentation to Merrill Lynch s Banking & Insurance Conference 2005 DEPFA BANK: History 1922... 1991 1993... 1998 1999 2001/02 2003/04 2005 DEPFA is established as a non profit German State

More information

Banca IFIS Group. Value to your business. Mestre, 2013

Banca IFIS Group. Value to your business. Mestre, 2013 Group Value to your business Mestre, 2013 The Group Group Who we are 02 The Group is the only independent banking group in Italy specialized in the value chain of trade receivables, non performing loans,

More information

Unipol Gruppo Finanziario Bancassurance Strategy

Unipol Gruppo Finanziario Bancassurance Strategy UNIPOL GRUPPO FINANZIARIO UBS The Italian Financial Services Conference 2010 Unipol Gruppo Finanziario Bancassurance Strategy 21 January 2010 Carlo Cimbri, General Manager Agenda The Bancassurance scenario

More information

Montepaschi Vita Annual F orum. Rome, October 12th - Grand Hotel Plaza, via del Corso, 126

Montepaschi Vita Annual F orum. Rome, October 12th - Grand Hotel Plaza, via del Corso, 126 Montepaschi Vita Annual F orum Rome, October 12th - Grand Hotel Plaza, via del Corso, 126 2007 The Paradigms of the Value Insurance companies and banks: complementariness and competition How to produce

More information

BDO Financial Advisory Services Targeting our customer needs. BDO Financial Advisory Services 1

BDO Financial Advisory Services Targeting our customer needs. BDO Financial Advisory Services 1 BDO Financial Advisory Services Targeting our customer needs BDO Financial Advisory Services 1 2 BDO Financial Advisory Services OUR PEOPLE EXPERIENCED PROFESSIONALS & RECOGNISED INDUSTRY LEADERS. BDO

More information

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima F nultima Our trainers have successfully delivered training programmes for some of the top global organizations (

More information

1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates

More information

Sansedoni Group Investment & Asset Management Company. February 2015

Sansedoni Group Investment & Asset Management Company. February 2015 Sansedoni Group Investment & Asset Management Company February 2015 1 Index Business Service Lines Key Facts & Figures Who we are Shareholders Management team History & Background Selected Transaction

More information

Titoli delle qualifiche

Titoli delle qualifiche Level 1: Level 1 Award in Selling lawfully and ethically (Legalità ed etica della vendita) Level 1 Award in Understanding the sales cycle (Capire il processo di vendita) Level 1 Award in Understanding

More information

Yard Group. Mortgage valuations. Title search Property documentation. Technical Due Diligence Construction, as-built surveys Valuations.

Yard Group. Mortgage valuations. Title search Property documentation. Technical Due Diligence Construction, as-built surveys Valuations. Mortgage valuations Technical Due Diligence Construction, as-built surveys Valuations Title search Property documentation Advisory Agency Mortgage underwriting services e-discharge of mortgage NPL management

More information

Cassa depositi e prestiti. Cassa depositi e prestiti Supporting the Country

Cassa depositi e prestiti. Cassa depositi e prestiti Supporting the Country Cassa depositi e prestiti Cassa depositi e prestiti Supporting the Country Cassa Depositi e Prestiti is a key partner for public entities, the development of infrastructure projects and the growth and

More information

Connecting Insurance business... Connecting insurance businesses

Connecting Insurance business... Connecting insurance businesses Connecting insurance businesses Agenda: Who we are. What we do. What we have done for our clients. Our people. Who we are G&T Brokers is an independent City of London based Lloyd's Broker committed to

More information

Cattolica Group: Strategy and Results

Cattolica Group: Strategy and Results Giulio Fezzi - Chief Financial Officer and IR Manager Andrea Battista - General Manager Duomo Assicurazioni and IR Borsa Italiana Italian Investor Conference 2006 : Strategy and Results New York, 3-4 April

More information

«Software Open Source come fattore abilitante dei Progetti per le Smart Cities»

«Software Open Source come fattore abilitante dei Progetti per le Smart Cities» «Software Open Source come fattore abilitante dei Progetti per le Smart Cities» Le esperienze nell Electronic Ticketing, nel Wireless Sensor Networks, nei Telematic Services & Location Based Systems Enrico

More information

Emilia Romagna Factor SpA. Shareholders. BPER Group. What is factoring. With recourse factoring. Without recourse factoring.

Emilia Romagna Factor SpA. Shareholders. BPER Group. What is factoring. With recourse factoring. Without recourse factoring. Emilia Romagna Factor SpA Shareholders BPER Group What is factoring With recourse factoring Without recourse factoring Export factoring Maturity factoring Advantages for the company Contacts Emil-Ro Factor

More information

APM for European top Customers

APM for European top Customers APM for European top Customers Maria Federica Fermi Axpo Italia Axpo Italia SpA The pan-european enterprises needs How to buy Energy in different European countries with the same contract? How to deal

More information

Millennium investment banking. June 2015

Millennium investment banking. June 2015 Millennium investment banking June 2015 Millennium investment banking Products and Services offered by Millennium investment banking Product Units Millennium investment banking offers a wide range of products

More information

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes)

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes) NUMBER 16 FEBRUARY 216 Economic activity and employment Foreign trade and competitiveness Inflation Credit The Public Finances Macroeconomic projections 1 7 8 11 12 Directorate general for economics, statistics

More information

The Role of the Financial Advisor in an M&A Transaction. Andrea Foti 23 November, 2015

The Role of the Financial Advisor in an M&A Transaction. Andrea Foti 23 November, 2015 The Role of the Financial Advisor in an M&A Transaction Andrea Foti 23 November, 2015 My background 1999 Investment Banking (Internship) Rome 2000 Degree in Business Rome 2000 Financial Institution Strategy

More information

Quarterly review of operations

Quarterly review of operations Quarterly review of operations (30 September 2012) LImITED COmPANY SHARE CAPITAL 430,564,606 HEAD OFFICE: PIAZZETTA ENRICO CuCCIA 1, milan, ITALY REGISTERED AS A bank PARENT COmPANY OF THE mediobanca banking

More information

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES NUMBER 99 JULY 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Directorate general for economics, statistics

More information

Questa versione del programma è da intendersi come provvisoria * da confermare Seguici sui Social Network e commenta con #forumt2s This version is

Questa versione del programma è da intendersi come provvisoria * da confermare Seguici sui Social Network e commenta con #forumt2s This version is 08.30 09.30 a.m. Registrazione partecipanti, Welcome Coffee e networking nell Area Meeting Participants registration, Welcome Coffee and networking in the Meeting Area SESSIONE PLENARIA DI APERTURA OPENING

More information

asset based lending supporting private equity

asset based lending supporting private equity asset based lending supporting private equity ABN AMRO Commercial Finance is a leading cross-border asset based lender, operating in the Netherlands, UK, Germany, France and Belgium. We offer a range of

More information

FLAVIO D ANNUNZIO Digital for Business

FLAVIO D ANNUNZIO Digital for Business ITALIAN ORPHAN DRUGS DAY Venerdì 13 febbraio 2015 Sala conferenze Digital for Business - Sesto San Giovanni (MI) FLAVIO D ANNUNZIO Digital for Business www.digitalforacademy.com Find the Patients, Drive

More information

The New Luxury World: l identità digitale nel lusso fa la differenza

The New Luxury World: l identità digitale nel lusso fa la differenza The New Luxury World: l identità digitale nel lusso fa la differenza Massimo Fubini Founder & CEO di ContactLab 7 Luxury Summit, Il Sole 24ORE, 10 giugno 2015 It may not be modified, organized or reutilized

More information

Not for distribution in the United States, Canada, Australia or Japan

Not for distribution in the United States, Canada, Australia or Japan The distribution of this press release, directly or indirectly, in or into the United States, Canada, Australia or Japan is prohibited. This press release (and the information contained herein) does not

More information

DUCCIO MARTELLI. Employment. Education. Teaching Experience

DUCCIO MARTELLI. Employment. Education. Teaching Experience DUCCIO MARTELLI University of Perugia, Faculty of Economics Via Pascoli, 12 06123 Perugia (Italy) Office: (+39)-075-585.5255 E-mail: duccio.martelli@unipg.it / info@ducciomartelli.com Employment University

More information

F2i Fondo Italiano per le Infrastrutture

F2i Fondo Italiano per le Infrastrutture F2i Fondo Italiano per le Infrastrutture Sovereign Wealth Funds, Long Term Investment and Growth The Art and Science of Co-Investing June 2013 F2i presentation June 2013 1 F2i position in the Italian infrastructure

More information

Company Profile. Trento I 05.2015

Company Profile. Trento I 05.2015 Company Profile Trento I 05.2015 CASSA CENTRALE BANCA The main goal of the activities of Cassa Centrale Banca Group is to SUPPORT the operations of its partecipants and partner Banks (Cooperative Banks):

More information

UBS Global Financials Conference Is big better? 15 th May 2006. Denis Donovan Chief Executive, Wholesale Financial Services

UBS Global Financials Conference Is big better? 15 th May 2006. Denis Donovan Chief Executive, Wholesale Financial Services UBS Global Financials Conference Is big better? 15 th May 2006 Denis Donovan Chief Executive, Wholesale Financial Services Overview of Bank of Ireland * Retail Financial Services 37% Bank of Ireland Life

More information

Corporate & Investment Valuation

Corporate & Investment Valuation Corporate & Investment Valuation For strategic decisions Andreas T. Angelopoulos oxfordchicagovaluation.com When does valuation apply? Preparing a company for an IPO Analysing the performance of a public

More information

PRESS RELEASE. TELECOM ITALIA S.p.A. ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF CERTAIN USD NOTES ISSUED BY TELECOM ITALIA CAPITAL S.A.

PRESS RELEASE. TELECOM ITALIA S.p.A. ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF CERTAIN USD NOTES ISSUED BY TELECOM ITALIA CAPITAL S.A. PRESS RELEASE TELECOM ITALIA S.p.A. ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF CERTAIN USD NOTES ISSUED BY TELECOM ITALIA CAPITAL S.A. Milan, 7 July 2015 Telecom Italia S.p.A. (the Company) hereby

More information

The New Luxury World: l identità digitale nel lusso fa la differenza

The New Luxury World: l identità digitale nel lusso fa la differenza The New Luxury World: l identità digitale nel lusso fa la differenza Massimo Fubini Founder & CEO di ContactLab 7 Luxury Summit, Il Sole 24ORE, 10 giugno 2015 It may not be modified, organized or reutilized

More information

Employment. University of Applied Sciences of Augsburg, Faculty of Business (Augsburg, Germany) Adjunct Professor of Finance, October 2013 Present

Employment. University of Applied Sciences of Augsburg, Faculty of Business (Augsburg, Germany) Adjunct Professor of Finance, October 2013 Present DUCCIO MARTELLI University of Perugia, Department of Economics Via Pascoli, 20 06123 Perugia (Italy) Office: (+39)-075-585.5255 E-mail: duccio.martelli@unipg.it ResearcherID: F-5695-2012 ORCID: 0000-0002-6994-7476

More information

Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates

Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates 22 Selected US Lead Manager ABS Mandates Selected Latin America Deals 23 Business Developments in the Americas The

More information

CURRICULUM VITAE. alessandro.benedetti@eni.com (office) abenedetti1@yahoo.com (personal)

CURRICULUM VITAE. alessandro.benedetti@eni.com (office) abenedetti1@yahoo.com (personal) CURRICULUM VITAE ALESSANDRO BENEDETTI DATE OF BIRTH 25 February 1973 NATIONALITY E-MAIL ADDRESS CURRENT LOCATION LANGUAGE CURRENT POSITION EDUCATION Italian alessandro.benedetti@eni.com (office) abenedetti1@yahoo.com

More information

Highlights. The factoring market and group positioning. Strategies. Consolidated financial and economic data. Attachments

Highlights. The factoring market and group positioning. Strategies. Consolidated financial and economic data. Attachments 4 th Q. 2008 Highlights The factoring market and group positioning Strategies Consolidated financial and economic data Attachments The Credit Crunch : impact on Banca IFIS s activity The consequences for

More information

Bauhaus Capital Partners

Bauhaus Capital Partners Bauhaus Capital Partners Financial Advisory & Investment Banking Madrid London Bogotá Kiev São Paulo Riyadh Abuja Istanbul Moscow Singapore Hong Kong Miami Bangalore Lagos Mexico City Bauhaus Capital is

More information

MDA Consulting srl. Growth Engineers

MDA Consulting srl. Growth Engineers MDA Consulting srl Growth Engineers We have worked for... About Us MDA is an Italian independent consultancy firm established in 1991. Our mission is to assist companies in their growth process providing

More information

Athens University of Economics and Business

Athens University of Economics and Business Athens University of Economics and Business MSc in International Shipping, Finance and Management Corporate Finance George Leledakis An Overview of Corporate Financing Topics Covered Corporate Structure

More information

Taking advantage of debt financing and other investment options

Taking advantage of debt financing and other investment options Taking advantage of debt financing and other investment options What opportunities are there for you today? Amsterdam, 28 January 2014 Bert van der Toorn Managing Director, Head of Oil and Gas, Europe

More information

AGENDA. 17.00 17.15 Registration and welcome Drink 17.15 17.30 ishares Switzerland and the future of the Swiss Platform for investors

AGENDA. 17.00 17.15 Registration and welcome Drink 17.15 17.30 ishares Switzerland and the future of the Swiss Platform for investors Swiss ETF Event Zurich, 22 October 2014 AGENDA 17.00 17.15 Registration and welcome Drink 17.15 17.30 ishares Switzerland and the future of the Swiss Platform for investors Sven Württemberger Director,

More information

Cattolica Group: Strategy and Results

Cattolica Group: Strategy and Results Giulio Fezzi - Chief Financial Officer and IR Manager Borsa Italiana Italian Large and Mid Cap Conference 2006 : Strategy and Results Paris, 16 th May 2006 1 Agenda at a glance Strategic framework and

More information

Investment Banking. Equity Capital Markets

Investment Banking. Equity Capital Markets Investment Banking Equity Capital Markets Raymond James Capital Markets Our mission is to remain a premier investment bank built on trust and relationships. We combine insightful, highquality research

More information

FACT SHEET june 2015

FACT SHEET june 2015 FACT SHEET MEDIOBANCA BANKING GROUP SHAREHOLDERS COMPOSITION AND ROLE BUSINESS MODEL KEY MARKET DATA LOCATIONS MEDIOBANCA BANKING GROUP MEDIOBANCA IS THE LEADING ITALIAN PLAYER IN CORPORATE & INVESTMENT

More information

BANCA SISTEMA: NET INCOME +36% IN H1 2015 1

BANCA SISTEMA: NET INCOME +36% IN H1 2015 1 PRESS RELEASE BANCA SISTEMA: NET INCOME +36% IN H1 2015 1 Rising factoring turnover: +36% % in H1 2015 compared with H1 2014 +37% in Q2 2015 compared with Q2 2014 Net interest income up by 20% compared

More information

Commercial paper collateralized by a pool of loans, leases, receivables, or structured credit products. Asset-backed commercial paper (ABCP)

Commercial paper collateralized by a pool of loans, leases, receivables, or structured credit products. Asset-backed commercial paper (ABCP) GLOSSARY Asset-backed commercial paper (ABCP) Asset-backed security (ABS) Asset-backed securities index (ABX) Basel II Call (put) option Carry trade Collateralized debt obligation (CDO) Collateralized

More information

KBW UK & European Financial Conference 15 September 2015

KBW UK & European Financial Conference 15 September 2015 KBW UK & European Financial Conference 15 September 2015 Disclaimer The distribution of this presentation in other jurisdictions may be restricted by law or regulation. Accordingly, persons who come into

More information

Assicurazioni Generali Group. Sal Oppenheim 2006 3 rd European Financials Conference

Assicurazioni Generali Group. Sal Oppenheim 2006 3 rd European Financials Conference Assicurazioni Generali Group Sal Oppenheim 2006 3 rd European Financials Conference Mel Carvill - Deputy General Manager, Head of Enterprise Risk Management, Strategic Planning and Corporate Finance March

More information

D&R S.r.l. Business Consultants

D&R S.r.l. Business Consultants D&R S.r.l. Business Consultants D&R scope of services D&R S.r.l. helps its clients to generate measurable results that increase their revenues and profits by developing winning strategies, driving growth,

More information

A Global Rating Agency >

A Global Rating Agency > A Global Rating Agency > Who We Are > Fitch Ratings is committed to providing the world s credit markets with reliable, timely and prospective credit opinions. Built on a foundation of organic growth and

More information

Investec Power Finance. Solar Energy UK. Large-scale Solar Finance and Maximising your RoI

Investec Power Finance. Solar Energy UK. Large-scale Solar Finance and Maximising your RoI Investec Power Finance Solar Energy UK Large-scale Solar Finance and Maximising your RoI From start to finish: Construction finance and fundraising for new solar farms 8 October 2013 Disclaimer This document

More information

MARCO BOLGIANI CAREER BACKGROUND

MARCO BOLGIANI CAREER BACKGROUND MARCO BOLGIANI PROFILE Proven experience gained at major banking groups as Intesa Sanpaolo and UniCredit, until the position of Head of International Subsidiary Bank Division ISP (11 subsidiary banks,

More information

Alfredo Sanguinetto General Manager

Alfredo Sanguinetto General Manager Cassa di Risparmio di Genova e Imperia Genoa, 12 th October 2007 Alfredo Sanguinetto General Manager AGENDA A LONG SEASON OF SOUND ACQUISITIONS ISP BRANCHES DEAL PURCHASE OF 78 ISP BRANCHES COMPARED WITH

More information

Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1

Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1 GRUPPO CARIGE Milan January 29 th - 30 th, 2009 GRUPPO CARIGE 1 Agenda Carige Group at a glance Key financial highlights Strategic Priorities 3Q08 results GRUPPO CARIGE 2 Banca Carige Group today ~53,000

More information

Inizio Applicazione. LU0924981151 USD 3.36 30-Sep-2015 01-Jan-2016 30-Jun-2016 Access Growth Fund (USD) A (acc)

Inizio Applicazione. LU0924981151 USD 3.36 30-Sep-2015 01-Jan-2016 30-Jun-2016 Access Growth Fund (USD) A (acc) Lussemburgo, 18 dicembre 2015 Gentile Cliente, A seguito delle disposizioni fiscali previste dal D.L numero 138 del 13 agosto 2011, e successive disposizioni del D.L 66/2014, art.3, comma 2, comunichiamo

More information

First Cycle Degree Economics and Banking

First Cycle Degree Economics and Banking First Cycle Degree Economics and Banking CURRICULUM ECONOMICS AND BANKING Degree code: L-33 Programme structure a.a. 2015-2016 Scientific First Year Sector Type of activity ECTS Semester Economic History

More information

Riferimenti al testo del Comitato di Basilea per la Vigilanza Bancaria (*)

Riferimenti al testo del Comitato di Basilea per la Vigilanza Bancaria (*) Indicatori della assessment methodology per individuare le banche di rilevanza sistemica a livello globale ("G SIBs") Indicatori Riferimenti al testo del Comitato di Basilea per la Vigilanza Bancaria (*)

More information

Rassegna Stampa Maggio Ottobre 2013

Rassegna Stampa Maggio Ottobre 2013 Rassegna Stampa Maggio Ottobre 2013 Lettori: 109.000 Diffusione: 48.323 Dir. Resp.: Enrico Romagna-Manoja 18-OTT-2013 da pag. 85 1 2 3 4 5 Lettori: n.d. Diffusione: n.d. Insurance Review 01-SET-2013 da

More information

Principal Investing - The Inner Workings of a Private Equity Firm

Principal Investing - The Inner Workings of a Private Equity Firm Principal Investing - The Inner Workings of a Private Equity Firm 2 Wachovia Capital Partners Agenda Introduction to the Speaker An Overview of Wachovia and its Principal Investing Unit Investing Capital

More information

Dip. di Scienze Economiche, Statistiche e Finanziarie, Università della Calabria, Ponte P. Bucci, Arcavacata di Rende (CS), 87036 Italy

Dip. di Scienze Economiche, Statistiche e Finanziarie, Università della Calabria, Ponte P. Bucci, Arcavacata di Rende (CS), 87036 Italy Dr. MARIAROSARIA AGOSTINO Personal Details Date of Birth: 11/04/1972 Nationality: Italian Marital status: Married Office Address: Telephone: 00390984492447 Fax: 00390984492421 Current Position Dip. di

More information

Full Year 2012 Results. Madrid, February 28 th, 2013

Full Year 2012 Results. Madrid, February 28 th, 2013 Full Year 2012 Results Madrid, February 28 th, 2013 Our progress in 2012 1. A new company identity and mission 2. A fully integrated organization 3. A strong plan going forward 4. Solid business and financial

More information

Article 2014. Collateralized Loan Obligations. by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC

Article 2014. Collateralized Loan Obligations. by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC Article 2014 Collateralized Loan Obligations by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC Collateralized Loan Obligations Collateralized loan obligations ( CLOs ) are structured

More information

Cassa depositi e prestiti. Cassa depositi e prestiti Supporting the Country

Cassa depositi e prestiti. Cassa depositi e prestiti Supporting the Country Cassa depositi e prestiti Cassa depositi e prestiti Supporting the Country Cassa Depositi e Prestiti is a key partner for public entities, the development of infrastructure projects and the growth and

More information

DANIELE TERLIZZESE EIEF and Bank of Italy (as of October 2007) Via Due Macelli 73, Via Filippi 9, 00187, Roma 00146, Roma

DANIELE TERLIZZESE EIEF and Bank of Italy (as of October 2007) Via Due Macelli 73, Via Filippi 9, 00187, Roma 00146, Roma DANIELE TERLIZZESE EIEF and Bank of Italy (as of October 2007) Office Home Via Due Macelli 73, Via Filippi 9, 00187, Roma 00146, Roma Italy Italy Tel: +39-06-4792 4170 Tel: +39-06-5409352 E-mail: daniele.terlizzese@bancaditalia.it

More information

Italian Investment Research Challenge Where opportunity favors the prepared mind

Italian Investment Research Challenge Where opportunity favors the prepared mind Italian Investment Research Challenge Where opportunity favors the prepared mind 2010 Champions University of the Philippines The purpose Teach best and ethical practices in equity research through a real-world

More information

Over 200 companies part of ELITE community in Italy and UK

Over 200 companies part of ELITE community in Italy and UK Over 200 companies part of ELITE community in Italy and UK - 31 companies join ELITE Italia - 16 companies join ELITE UK - 16 graduated companies receive ELITE certificates - ELITE for Large Corporates

More information

L agenzia di rating ha, nel contempo, migliorato l outlook delle suddette società passandolo da negative a stable.

L agenzia di rating ha, nel contempo, migliorato l outlook delle suddette società passandolo da negative a stable. Bologna, 12 dicembre 2014 Rating Standard & Poor s Si comunica che, in data odierna, l agenzia di rating Standard & Poor s, a seguito dell abbassamento del rating sovrano dell Italia, ha automaticamente

More information

MOODY S CONFERMA IL RATING (A3) PER LA CAPOGRUPPO E LA CONTROLLATA BANCAPERTA E MODIFICA L OUTLOOK DA STABILE A NEGATIVO

MOODY S CONFERMA IL RATING (A3) PER LA CAPOGRUPPO E LA CONTROLLATA BANCAPERTA E MODIFICA L OUTLOOK DA STABILE A NEGATIVO COMUNICATO STAMPA MOODY S CONFERMA IL RATING (A3) PER LA CAPOGRUPPO E LA CONTROLLATA BANCAPERTA E MODIFICA L OUTLOOK DA STABILE A NEGATIVO Milano, 23 giugno 2011. In data odierna l Agenzia Moody s ha confermato

More information

Financial Business Solutions for Corporates and Institutions

Financial Business Solutions for Corporates and Institutions Financial Business Solutions for Corporates and Institutions GLOBAL EXPERTISE, LOCAL SOLUTIONS As a leading banking and financial services provider, we are ideally placed to support you and your projects

More information

Presentation of consolidated results as at 30 June 2014. Carlo Cimbri CEO Bologna, 6 August 2014

Presentation of consolidated results as at 30 June 2014. Carlo Cimbri CEO Bologna, 6 August 2014 Presentation of consolidated results as at 30 June 2014 Carlo Cimbri CEO Bologna, 6 August 2014 Unipol Group key operations Consolidated results Insurance business Non-Life insurance business Agenda Life

More information

Cassa depositi e prestiti spa

Cassa depositi e prestiti spa Cassa Depositi e Prestiti s role in Financing Public Investments and the Mechanism used to Improve the Capacity of Municipalities to Access Funding for Infrastructure Projects. Michele Mascolo Ankara,

More information

Procedure deliberative per il compimento di operazioni con soggetti collegati

Procedure deliberative per il compimento di operazioni con soggetti collegati COMMENTS TO THE DISCUSSION PAPER OF THE BANK OF ITALY S DISPOSIZIONI DI VIGILANZA PRUDENZIALE PER LE BANCHE SISTEMA DEI CONTROLLI INTERNI, SISTEMA INFORMATIVO E CONTINUITÀ OPERATIVA Deutsche Bank SpA Procedure

More information

Remuneration (in Type of services. User of the service Entity providing the service

Remuneration (in Type of services. User of the service Entity providing the service 322 Information pursuant to Art. 149k of the Consob s Regulations on Issuers This table reports the 2011 fees due for the auditing and other than auditing services provided by the Audit firm or by other

More information

Citi Global Financial Conference Hong Kong, 19 November 2013

Citi Global Financial Conference Hong Kong, 19 November 2013 Citi Global Financial Conference Hong Kong, 19 November 2013 Hanse Ringström, Chairman SEB Asia Ulf Grunnesjö, Head of Investor Relations 1 SEB the Nordic corporate bank with a global reach Income distribution

More information

The scope of the consolidation

The scope of the consolidation The scope of the consolidation The companies included in the consolidation as at 30 th June 2012 are listed below, divided into subsidiaries (fully consolidated) and associates (accounted for using the

More information

Financial Services AKBANK

Financial Services AKBANK sabanc hold ng 2007 annual report 32 Financial Services AKBANK As of the end of 2007, Akbank was Turkey's most valuable bank having the most profitable banking operations among privately owned banks in

More information

Inizio Applicazione. Data Ultimo Rendiconto

Inizio Applicazione. Data Ultimo Rendiconto Lussemburgo, 22 giugno 2015 Gentile Cliente, A seguito delle disposizioni fiscali previste dal Decreto Legge numero 138 del 13 agosto 2011, comunichiamo di seguito la percentuale media delle posizioni

More information

DAY 1 THURSDAY 25 JUNE I GIORNATA GIOVEDÌ 25 GIUGNO

DAY 1 THURSDAY 25 JUNE I GIORNATA GIOVEDÌ 25 GIUGNO OUT SPIN WEDNESDAY 24 JUNE, EVENING OUT SPIN MERCOLEDÌ 24 GIUGNO, SERA WELCOME COCKTAIL ON THE BEACH OF THE SHERATON HOTEL & CONFERENCE CENTER COCKTAIL DI BENVENUTO SULLA SPIAGGIA DELLO SHERATON DAY 1

More information

PLC ADVISORY FINANCIAL ADVICE TO PUBLIC COMPANIES ON CORPORATE TRANSACTIONS

PLC ADVISORY FINANCIAL ADVICE TO PUBLIC COMPANIES ON CORPORATE TRANSACTIONS PLC ADVISORY FINANCIAL ADVICE TO PUBLIC COMPANIES ON CORPORATE TRANSACTIONS PLC ADVISORY FINANCIAL ADVICE TO PUBLIC COMPANIES ON CORPORATE TRANSACTIONS ABOUT PLC ADVISORY BDO s Plc Advisory team advises

More information

Curriculum Vitae. Giuseppe Travaglini

Curriculum Vitae. Giuseppe Travaglini October 2006 Curriculum Vitae Giuseppe Travaglini Address: University of Urbino Carlo Bo Faculty of Economics Institute of Economic Sciences Via Saffi, 42 61029 Urbino, (PU), Italy Tel: 0722 305-510/558

More information

Financing Development through Financial Institutions. Presented by Larisa Manastirli, Principal Banker, Financial Institutions

Financing Development through Financial Institutions. Presented by Larisa Manastirli, Principal Banker, Financial Institutions Financing Development through Financial Institutions Presented by Larisa Manastirli, Principal Banker, Financial Institutions Today s presentation Bank Mandate and FI goals BSTDB and FI Loan portfolio

More information

LIMITED COMPANY SHARE CAPITAL 410,027,832.50 HEAD OFFICE: PIAZZETTA ENRICO CUCCIA 1, MILAN, ITALY Registered as a Bank. Parent Company of the

LIMITED COMPANY SHARE CAPITAL 410,027,832.50 HEAD OFFICE: PIAZZETTA ENRICO CUCCIA 1, MILAN, ITALY Registered as a Bank. Parent Company of the Annual Accounts and Report as at 30 June 2008 LIMITED COMPANY SHARE CAPITAL 410,027,832.50 HEAD OFFICE: PIAZZETTA ENRICO CUCCIA 1, MILAN, ITALY Registered as a Bank. Parent Company of the Mediobanca Banking

More information

BNP Paribas. Italy : a New Home Market in Europe. Philippe Bordenave. Chief Financial Officer

BNP Paribas. Italy : a New Home Market in Europe. Philippe Bordenave. Chief Financial Officer BNP Paribas Italy : a New Home Market in Europe Philippe Bordenave Chief Financial Officer June 9 th 2006 1 Disclaimer Some information contained in this presentation and other information or material

More information

Ingenium rischiare insieme ai talenti

Ingenium rischiare insieme ai talenti Money push vs Deal pull Workshop sulla finanza per l innovazione Ingenium rischiare insieme ai talenti Andrea Di Anselmo META Group Zernike Meta Venture Moncalieri (To) 30-31 ottobre 2008 Recent Key Results

More information

Informazione Regolamentata n. 1597-41-2016

Informazione Regolamentata n. 1597-41-2016 Informazione Regolamentata n. 1597-41-2016 Data/Ora Ricezione 29 Aprile 2016 16:55:26 MTA Societa' : CERVED INFORMATION SOLUTIONS Identificativo Informazione Regolamentata : 73431 Nome utilizzatore : CERVEDN04

More information

BANCA CARIGE. Italian Large and Mid Cap Conference 2007. Giacomo Burro, CFO. Cassa di Risparmio di Genova e Imperia. Paris, 24 May 2007 -1-

BANCA CARIGE. Italian Large and Mid Cap Conference 2007. Giacomo Burro, CFO. Cassa di Risparmio di Genova e Imperia. Paris, 24 May 2007 -1- Cassa di Risparmio di Genova e Imperia Italian Large and Mid Cap Conference 2007 Paris, 24 May 2007 Giacomo Burro, CFO -1- Agenda Carige Group Overview Italian Large and Mid Cap Conference 2007 Strategic

More information

(A) DESNET (DEmand & Supply NETwork) Identification. Identification

(A) DESNET (DEmand & Supply NETwork) Identification. Identification V-LAB-Instruction Ver 4.0.doc (A) DESNET (DEmand & Supply NETwork) Identification Name Address Web site E - mail Distretto Industriale dell abbigliamento Valle del Liri Reference Corporation: C.C.I.A.A.

More information

Banking, finance and restructuring Focus on Europe

Banking, finance and restructuring Focus on Europe Banking, finance and restructuring Focus on Europe Attorney advertising. Prior results do not guarantee a similar outcome. Innovative strategies for market makers To thrive in today s markets, clients

More information