SACE

We offer concrete support for the growth of the Italian production system

SACE is the Italian insurance and finance company, controlled by the Ministry for the Economy and Finance, specialized in supporting businesses and the national economic fabric through a wide range of tools and solutions to support competitiveness in Italy and worldwide.

For forty-five years, SACE has been the reference partner for Italian companies that export and grow on foreign markets. It also supports the banking system to facilitate, with its financial guarantees, companies' access to credit with a role recently expanded by new instruments to support liquidity, investment for competitiveness and sustainability under Italy's Green New Deal, starting with the domestic market.

With a portfolio of insured operations and guaranteed investments of €165 billion, SACE, together with all Group companies - SACE FCT which operates in factoring, SACE BT active in Credit, Bonds and Other Property Damage and SACE SRV, specialized in credit recovery and information asset management activities - serves over 35,2 thousand companies, especially SMEs, supporting their growth in Italy and in around 200 foreign markets.

It holds 100% of SACE BT, SACE SRV and SACE FCT .

Governance

Board of Directors

Board of Statutory Auditors

Marco Canzanella, a chartered accountant registered with the Rome order in the special section A list, is an officer at the Ministry of the Economy and Finance, and is in charge, at the Treasury Department, of analysis, monitoring and management of state shareholdings in companies producing services of general interest.

Graduated in "Economics and Commerce", legal-administrative address, at the University of Messina (2000).
You subsequently obtained the two-year post-graduate specialization in "Law and Economics of the European Communities" (year 2003), as well as the
PhD in "Public, Comparative and International Law", Curriculum "Public Economic Law" (year 2018), both at the "La Sapienza" University of Rome.
As part of the PhD she discussed a doctoral thesis on "Regional Financial Societies - Credit, local development and economic and social cohesion in multilevel governance", and, as a learner of the discipline of "Public Law Institutions", she carried out collaboration in scientific research and teaching activities, from 2015 to 2018.
In the university field, in 2005, she was also coordinator at the University of Malta of the on-line News "The Mediterraneans and South-East dialogue. Euro and Democracy News", http://projects.um.edu .mt / imediterranei, as part of the Jean Monnet Students network, with participation in various conferences and workshops on the European integration process and on the Euro-Mediterranean dialogue.

She is authorized to practice the profession of Chartered Accountant and Statutory Auditor at the University of Messina, in 2006.
Registered in the Register of Statutory Auditors at n.145440 (Decree of 30 May 2007 of the Ministry of Justice - Official Journal 4th special series - n.47 of 15/06/2007).

She was appointed as a standing member of the Board of Statutory Auditors of the Italian Real Estate Investments Company - Savings Management Company - INVIMIT SGR SpA, on 12/30/2021.

He has been working at the Ministry of Economy and Finance since December 2000, covering various roles, at the Department of State General Accounting, General Inspectorate for Economic Affairs (IGAE) and at the General Inspectorate for Financial Relations with the European Union (IGRUE) where she dealt, in particular, with financial engineering instruments financed by the European Structural and Investment Funds (SIE Funds) and appointed Coordinator of the SIF - IGRUE Team (Financial Engineering Instruments) with determination of the General Accountant of the State, Prot. N. 231271 of 25 October 2018, as well as, representing the MEF, Member of the Supervisory Committees of various PON and POR (National and Regional Operational Programs).

As a "High Professional Officer", he is currently serving at the Department of the Treasury, General Directorate for "Enhancement of Public Assets" and deals with public subsidiaries, as part of the control and monitoring of the implementation of the "Consolidated Law on publicly held companies", so-called TUSPP, legislative decree n.175 / 2016.
From July 2019 to September 2021 you had a short work experience at the INPS-General Management, both at the Public Employee Account Statement Office and at the Central Audit and Litigation Monitoring Department.
He has previous experience (years 2007 and 2008) also at the Presidency of the Council of Ministers, first at the Department for the Coordination of Community Policies, Legislative Office, and subsequently, at the Department for Regional Affairs and Local Autonomies, Cabinet of the Minister.

Corte dei Conti

Elisabetta Torri joined SACE in 2024 as Chief Technology & Innovation Officer (CTO), tasked with leading the Tech & Innovation Solutions function. She has over 20 years of experience in the insurance and technology sectors, having held leadership roles at Poste Vita, Poste Italiane, and Crédit Agricole Vita. Throughout her career, she has managed national-scale digital and technological transformation projects, contributing to the digitalization of insurance services and the implementation of innovative solutions such as blockchain and artificial intelligence. Before joining SACE, she served as Director of IT, Infrastructure, and Digital Innovation at Crédit Agricole Vita and Assicurazioni, leading modernization and process automation projects.

In SACE since 2023, Gianfranco Chimirri is the Chief People, Culture & Agile Organization Officer. Previously for almost 15 years he worked in the HR field in different countries such as Italy, Kenya, Turkey and Belgium. He enters Unilever in 2015 as HR Business Partner, guiding the productive transformation of South Europe. In 2017 he is nominated HR Director of Unilever Italy and in 2020 Global HR Director of Unilever Food Solution, a global business unit, that operates in 67 markets, with the responsibility of projecting and implementing People Strategy.

In SACE from 2013, presently is the Chief Financial Officer. After working different years within the Group of Intesa Sanpaolo, where she was mainly in charge of Risk management, Analysis of Credits and Finance, specializing in strategies of optimizing the funding and the capital, in the management of financial risks and in the asset of dynamic allocation, from 2017 she accepted different roles of increasing responsibility within the department of Risk Management of SACE Group, becoming in 2023 Chief Risk Management Officer. She was also a Member of the Board of SACE BT from 2017 to 2019 and from 2020 to 2022.

In SACE since 2009, he has held various roles of increasing responsibility within the Group's factoring company, leading digital transformation and innovation strategies, and becoming General Managar in 2023. Since February 2025, he has assumed the role of General Manager of SACE BT, the company specialized in credit insurance, sureties, and construction risk protection. He has 25 years of experience in the financial sector, having worked with the ENI Group from 1999 to 2004 and later, until 2009, at Invitalia (the National Agency for Investment Attraction and Business Development), where he was responsible for the startup of the Group’s financial company. He was a Member of the Board of SACE BT and is currently a member of the Board of Assifact – the Italian Association for Factoring – where he also serves as Vice President.

In SACE since 2005, presently is the Chief International Business Officer, responsible of the International Relation, of the International Network and of the activities of recuperating political credits of the Group. Coordinates the participation of SACE to the international forums (OCSE, EU, Paris Club) and supervises the activities of 13 offices abroad of the Group, present in the main target markets for the Italian export.
From 2020 to 2022 she was President of the Berne Union (the international organization of the insurers of credit and of investments). From 2018 to 2021 she was the Vice president of the Board of the African Trade & Investment Development Insurance (ATIDI).
Before working with SACE she worked for the Mediocredito Centrale and for HSBC (London, Madrid, Milan).

In SACE since 2006, has previously worked as economist at the Center Economics Studies of Confindustria and has collaborated with different Italian universities within programs of master, teaching different lessons on themes concerning the international economy, the Italian economy and the valuation of risk country. He is professor for the Analysis of International Markets and Country Risk at the School of Economics and International relations of the University Sacred Heart and vice President of the Directive Board of the Group of Economist of Businesses. (GEI). He has a PHD in Economy from the Luiss University of Rome, where he has also worked as assistant for the courses of Political Economy at the Faculty of Political Affairs.

In SACE since 2017, Antonio Frezza is the Chief Marketing,  Sales PMI & Property Management Officer. Previously he worked for 14 years at Unicredit Group, with different roles of increasing responsibilities in Italy and abroad. Between these roles he guided the activities of network development and optimization for the division of Central Eastern Europe following the Retail Business in Romania, Ukraine, and Kazakistan. Afterwards he accepted the responsibility of Marketing for Unicredit Bank Russia and from there the responsibility of product, marketing and multichannel of the Bank of Austria.

In SACE from 2017 presently is the Chief Business Officer and General Manager of SACE FCT. Previously he was General Manager of SACE BT. In the previous years he has had different roles in Euler Hermes (today Allianz Trade). One of his last position was CEO of Allianz Trade UK& Ireland (2015-2017) and Global Head of Market Management, Commercial & Distribution of Euler Hermes World Agency (today Allianz Trade for Multinationals), since its creation in 2007 to 2015.
In SACE since 2003, has an experience multiyear in the insurance business. Before assuming the current position he has had different roles in SACE such as Responsible Compensation & Recover and vice responsible Management Portafoglio and Restructuring, before becoming General Director of SACE SRV from 2011 to 2022.

In SACE since 2009, Rodolfo Mancini is the Chief Legal Officer and from September 2022 President of SACE BT.
He has worked for 10 years at different Italian and international legal offices.
He has been for 14 years in the Management of Mediocredito Centrale, where he was Responsible of the Legal and Compliance area as well as corporate affairs.
Within SACE group he has had different corporate roles: in SACE Fct, of which he created the constitution as President (from 2009 to 2019) in SACE BT he was Member of the board (from 2010 to 2013) and President (from 2013 to 2016), and in SACE SRV as President (from 2010 to 2013). He has also performed activities of professorship at some Italian Universities.

Office address

SACE S.p.A.

Registered office

Piazza Poli 37/42, 00187, Rome

Rome Companies Register, Tax Code and VAT no. 05804521002

Share capital: Euro 3,730,323,610.00