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SACE

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

SACE is an Italian insurance and finance company, controlled by the Ministry of 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 over forty 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 companies’ access to credit with its financial guarantees, with a role enhanced by the extraordinary measures laid out in the Liquidity and Simplification Decrees.

Recent measures have, in fact, broadened SACE’s mandate beyond the traditional support for export and internationalization, adding important pieces like aiding companies’ investments on the domestic market and guarantees for green projects in implementing the Italian Green New Deal.

It’s a new mandate that makes SACE an organization committed to promoting the development of Italy’s economy.

It holds 100% of SACE BT and SACE FCT .

Governance

Board of Directors

Chairman of SACE from May 2022.

Born in Avezzano in 1967. Graduated in Political Science with a major in economics at “La Sapienza” university of Rome.

He began his career in 1994 as an Officer in the International Affairs Service at the Ministry of Economy and Finance, where he gradually held increasingly-important positions: from 2002 to 2011, he was an Executive in the International Financial Relations Department of the Treasury Department, dealing with issues relating to the debt of developing countries and bilateral financial relations. As part of the same role, he coordinated the G7 / G8 / G20 summits, and supervised institutional relations with the International Monetary Fund from 2011 to 2017.

He was also Deputy Governor for Italy for the World Bank, the Asian Development Bank, the African Development Bank, the European Bank for Reconstruction and Development and the Caribbean Development Bank.

He has held many positions in various Boards of Directors: in addition to SACE, where he was Director from 2004 to 2007 and from 2020 to 2022, also in SIMEST (2003-2005), the European Investment Bank (2015-2017) and the Development Bank of the Council of Europe (2016-2017). Today he is General Manager – Head of the Public Assets Enhancement Department – Treasury Department, and is a member of ENI’s Board of Directors.

Filippo-giansante-presidente-sace
 
Alessandra-ricci-amministratore-delegato-sace

Born in Ghilarza (OR) in 1956. He graduated in political science from the University of Cagliari in 1981 and joined the Ministry of Foreign Affairs in 1985.

After an initial assignment to the Directorate General of Economic Affairs, he was appointed consul in Tehran in 1989. In 1994 he was at the permanent representation at the United Nations in New York. In 1998 he returned to Rome to the cabinet of Foreign Minister Lamberto Dini. In 2000, he was assigned to Tirana as an advisor. 

From 2004 to 2007 he was Ambassador in Kabul, where he remained from 2008 to 2010 as EU Special Representative for Afghanistan and Pakistan. From 2011 to 2013 he was Head of the European Union Delegation in Albania.

In 2014 he was appointed chief of staff to Ministers Federica Mogherini and Paolo Gentiloni. In 2015 he was promoted to a high ranking ambassador and appointed Ambassador to the People's Republic of China.

In September 2019, Sequi returned to the Farnesina as chief of staff to Minister Luigi Di Maio. On 12 May 2021, he was appointed Secretary General of the Ministry of Foreign Affairs.

He is a Knight of the Grand Cross of the Order of Merit of the Italian Republic. Among other awards, he received the Giuseppe Dossetti Peace Prize in 2012, the Spanish honour of the Order of Isabella the Catholic and the gold medal of the Order of Ghazi Mir Bacha Khan for his "great contribution to peace and security in Afghanistan".

 
 

A graduate in Economics and Commerce, he is a Chartered Accountant and Auditor.

He has 30 years' experience in corporate and investment banking. He has advised numerous Italian and international clients, mainly in the Energy and Industrials sectors, and has a long track record in transactions with private equity funds.

He was most recently Head of Investment Banking Advisory Europe at Credit Suisse, after having served as Head of Investment Banking at UBI Banca and as Global Head of Industry Group & M&A at Banca IMI. He is currently a member of the board of Green Arrow Capital SGR.

Born in Luino (VA) in 1962.

Holds a degree in Economics and Banking from the Università Cattolica del Sacro Cuore in Milan and a Ph.D. in Business Administration from the University of Bergamo and associated universities: Università Cattolica del Sacro Cuore in Milan, University of Modena and Università Internazionale degli Studi Sociali (LUISS). Associate Professor at the Università Cattolica del Sacro Cuore in Milan where she teaches Economics of Financial Intermediaries, Securities Market Economics and Securities Market Economics (derivatives and structured instruments).

She has held and still holds various scientific and participatory positions in university bodies as the creator and coordinator in charge of the interfaculty bachelor's and master's degree programmes in Economics and Arts and Philosophy in Economics and Management of Cultural Heritage and Entertainment. She is director of the 2nd level Master's degree programme in Museology, Museography and Cultural Heritage Management. She has been responsible for the planning and financial management of numerous cultural policy projects of the university vis-à-vis the city and in the international arena, developing a dual professional and research and publicity career in the market of financial intermediaries and artistic heritage management.

She was appointed as a consultant for the Ministry of Culture and Tourism in the Monti government. She has been a member of the Board of Directors of the University of Trento since 2021.

She has been the Chairperson of ISP OBG S.r.l. since 2011 and of ISP Pubblico S.r.l. since 2019.

 

Lawyer Expert in corporate law, public economic and administrative law.

She practised law in leading law firms before embarking on a management career holding positions of increasing responsibility in leading industrial companies: General Counsel, Chief of Staff of the Chief Executive Officer, Secretary General.

Member of Boards of Directors of listed companies and public bodies.

After graduating in law, she completed a Master's degree in "Public Service Law and Management". Former research fellow in Public Economic Law, Faculty of Law, University of Rome Tor Vergata. Lecturer, in undergraduate and master's degree programmes, in public economic law, environmental law and administrative law.

Author of monographs, contributions in collected works and scientific articles.

Board of Statutory Auditors

1st level Senior Manager at the Ministry of the Economy and Finance at the State General Accounting Department.

She is a graduate in Economics and Commerce and Law and has a Master's degree in Public Finance.

She is a Chartered Accountant, Auditor and Local Government Auditor. She holds several positions in the following Boards of Auditors: Chair of the Board of Statutory Auditors of BRE.BE.MI spa - Brescia; Board of Auditors of ENEA TECH Foundation - Rome; Board of Auditors of the Italian Golf Federation - FIG - Rome; Chair of the Board of Statutory Auditors of Orio al Serio Airport - Sacbo S.p.a. – Bergamo; Board of Statutory Auditors of the ISTITUTO SUPERIORE DI SANITA’; Chair of the Board of Auditors of ONFA – Opera Nazionale Figli Aviatori- Rome; Member of the Supervisory Board of RAI NET spa – Rome; Board of Statutory Auditors of RAI COM S.p.a. – Rome; Board of Statutory Auditors of Aeroporto Valerio Catullo S.p.a. – Verona; Board of Auditors of ENTE TEATRALE ITALIANO – Rome; Board of Auditors of FONDAZIONE TEATRO LIRICO “G. Verdi” – Trieste.

She also received the honour of Commendatore of Merit of the Italian Republic - President of the Council of Ministers.

Born in Capua in 1970. He graduated in Economics and Commerce from the University of Naples "Federico II" - Master's degree in Innovation and Management in PAs from the University of Rome "Roma Tre".

After practising as a Chartered Accountant, he began his career in the Public Administration in 2001 as an Economic-Financial Analyst and in 2009 was appointed acting head of an executive office at the Ministry of Economy and Finance - Department of Finance.

Since 2011, he has held the position of Senior Manager always in the Department of Finance, as head of the management structure in charge of, inter alia, the preparation of technical reports of regulatory provisions on tax revenues.

He has held numerous positions such as Standing Auditor of the Board of Statutory Auditors of Cassa Depositi e Prestiti Spa from 2019 to 2022 and Standing Auditor of the State Customs and Monopolies Agency from 2016 to 2019. He has been a coordinator and member of numerous working groups and institutional technical panels on tax matters. He has had several teaching assignments and produced several publications always on tax law topics.

Today he is Senior Manager of Office V of the Department of Finance of the Ministry of the Economy and Finance and is a full member of the Board of Statutory Auditors of the Revenue Agency and AMCO Spa.

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.
In SACE since 2004, currently he is Chief Operating Officer. He gained a decade of experience in an ICT consulting firm, coordinating various initiatives mainly for the Fiat Group, Imi, Citibank and Alitalia. Subsequently, he held the role of Director of Applications Development at Euler Hermes SIAC. He was President of SACE BT from May 2016 to December 2019.
marco-traditi
In SACE since 2017, he is currently Chief Marketing & Innovation Officer. Previously he worked for 14 years in the UniCredit Group, holding positions of increasing responsibility - in Italy and abroad. These include the leadership of Network Development & Optmization activities for the Central Eastern Europe Division, the responsibility of the Private Segment in Unicredit Bank Russia and Head of Products, Marketing and Multichannel of Bank Austria.
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Since March 2017 Michele De Capitani has been Chief Financial Officer of SACE. Previously he held roles of increasing responsibility in General Electric - in Italy and abroad -, he led the planning and control activities of FinecoGroup e Capitalia, and took on various roles in UniCredit Group, where he was responsible for planning and control in Germany, CEO of UniCredit Bank Ireland and, finally, Chief Financial Officer of UniCredit Bank Russia.
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In SACE since 2018, he holds the position of Chief Large Corporate Underwriting Officer. Previously, he worked for eleven years at General Electric, where he held managerial positions in project financing, corporate strategy & business development, corporate finance and investment banking, until becoming Global Head of Government and Export Finance, managing General Electric’s dealings with export credit companies and international financial institutions. Previously, he worked at the Council of Europe Development Bank and at the European Commission. He performed much of his professional career abroad, including France, Switzerland, Russia, the United Kingdom and the United States.
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Simonetta Acri has been in SACE since 2003, where she has held various key positions, contributing to the development of new operational areas and giving a significant boost to the commercial network. Previously she worked at Regional Head Structured Trade & Export Finance for the Corporates & Investment Bank Division of Deutsche Bank, in charge of the Italian market and South Eastern Europe, and was head of the Trade Finance unit at Morgan Grenfell. She now holds the role of Chief Mid Market Officer.

Simonetta-Acri

In SACE since 2005, Michal Ron is SACE's Chief International Officer. She has an extensive experience in Structured Finance and Export Credit and her responsibilities include all activities related to the Paris Club and sovereign debt recoveries. She also manages SACE’s active participation within the OECD and the European Union, as well as the reinsurance agreements and relations with other export credit agencies. Today, she is the President of Berne Union, having been the Deputy Chairman of the international association for two years in a row, from 2015 to 2017. From 2017 to 2020 she has been the Secretary General of the International Working Group (IWG) and currently, she is the Deputy Chairman of the Board of Directors of African Trade Insurance Agency (ATI).

Michal Ron
In SACE since 2009, Rodolfo Mancini currently holds the role of Chief Legal Officer of SACE. Previously, for fourteen years he was part of the management team of Mediocredito Centrale (Unicredit Group) as Head of the Legal Service, Compliance and Corporate Affairs. At the start of his career he worked in Italian and foreign legal offices, gaining significant experience in structured finance and in capital markets.
rodolfo-mancini
In SACE since 2003, she is currently Chief Institutional Relations Officer, after a long experience in the origination and structuring of export credit and internationalization transactions. In SACE, she held various responsibility roles in the business and commercial area. Previously she worked in the export finance sector of HVB, Royal Bank of Scotland and Mediocredito Centrale. Since 2019 she has been a member of the General Council of Assocamerestero.
Cristiana-Portale

Chief Economist of SACE, he has previously worked as an economist at the Confindustria Center of Studies and has collaborated with several Italian universities as part of master's programs by giving lectures on issues regarding international economics, Italian economics and country risk assessment.

He is a lecturer in Analysis of International Markets and Country Risk at the highly regarded School of Economics and International Relations of the Università Cattolica del Sacro Cuore and member of the Executive Council of the Business Economist Group. He graduated in Economics at the LUISS University of Rome, where he also worked as an assistant for Political Economy courses at the Faculty of Political Sciences.

Alessandro Terzulli
Since January 2018 he has been responsible for Internal Auditing and a member of the SACE Supervisory Body. For twelve years at Cassa Depositi e Prestiti, as Head of Audit Planning and Execution, he coordinated the audits in all the companies of the group. He was also responsible for the Internal Audit of CDP Immobiliare, CDP Investimenti SGR and SIMEST. Previously he had experience in internal control in Banca Intesa and Dexia Crediop and in auditing in the financial sector.
Giuseppe-Palladino

In SACE since March 2019, he is currently Chief Communications Officer. After an important journalistic career, he worked - from 2000 to 2004 - on External Relations in Sicily for Cit Italia, before moving to Anas in 2007, of which he also became Head of Relations with National Media. He later joined Cassa Depositi e Prestiti where he held the position of Head of Reputation Management. At the beginning of 2018 he was called to Cir, the holding company of the Debenedetti's family, as Group Communication Director. He was also advisor in communication and institutional relations in the oil & gas, energy, infrastructure and energy markets sector. In 2022 he received the honor of "Cavaliere dell’Ordine al Merito" of the Republic of Italy.

He also carries out teaching activities as Adjunct professor and speaker in various programs of high managerial training at LUISS Business School and Link Campus University.

Rodolfo_Belcastro
Since July 2011 Valerio Ranciaro has been General Manager of SACE SRV. He has long experience in the insurance sector and, before taking on his current role, had managerial roles in SACE in the Compensation and Recovery Service and was deputy manager of the Portfolio Management and Restructuring Division.
valerio-ranciaro
In SACE since 2005, Paolo Alfieri currently has the role of General Manager of SACE FCT. He gained experience in General Electric, first in the management and recovery of international receivables in GE Oil & GAS, and subsequently in GE Capital Finance as operations manager of the factoring company. Previously, besides a short period as risk manager of Banque PSA Finance, he collaborated as a consultant with the Capitalia Group in the group’s credit management and recovery company.
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In SACE since 1 April 2017 as Director General of SACE BT, Valerio Perinelli has twenty years’ experience in Euler Hermes, both in Italy and abroad. In the last two years he was Chief Executive Officer of Euler Hermes UK & Ireland, after being based in France for eight years as the head of the Commercial and Marketing division at global level of the World Agency, the Euler Hermes unit for multinational affairs and part of the Executive Committee of the company.
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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