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SACE

The partner of italian exporters

We support the export and internationalisation of Italian companies, guiding them in the choice of markets and in managing the risks connected to operating in new and often unfamiliar regions. Backed by over 40 years’ experience in assessing, taking on and managing the risks associated with operating on foreign markets, we offer a broad range of insurance and financial products and services to support the competitiveness of Italian companies and help them grow safely, in every stage of their development projects on foreign markets.

SACE’s activities are regulated by European Union regulations and by the Arrangement on Officially Supported Export Credits, signed by the OECD. SACE respects the principles established by the Berne Union, an international organisation that brings together export credit companies and agencies for the support of investments.

SACE is part of the Cassa Depositi e Prestiti Group.

It holds 100% of SACE BT and SACE FCT and 76% of SIMEST, together with which it forms the export and internationalisation hub of the Cassa Depositi e Prestiti Group.

Governance

Board of Directors

Beniamino Quintieri has been Chairman of SACE since June 2016, after being a director from 2002 to 2007. From 2001 to 2005 he was Chairman of the Italian Foreign Trade Institute (ICE) and was the Government’s Commissioner for the World Exposition in Shanghai 2010. He is professor of international economics at the Faculty of Economics at Tor Vergata University in Rome and is Chairman of the Fondazione Manlio Masi, National Observatory for Internationalisation and Trade. He has written or edited twenty books and over sixty articles published in specialist magazines on issues relating to International Economics, Public Finance, Labour Economics, Macroeconomics and Applied Economics. In 2005, President Carlo Azeglio Ciampi appointed him Cavaliere di Gran Croce.
Beniamino-Quintieri
Alessandro Decio is Chief Executive Officer and General Manager of SACE. He started his career at IMI Capital Markets in London, where he then worked for over five years at the European Bank for Reconstruction and Development, after an MBA at Insead and experience at McKinsey. Subsequently, he joined UniCredit to support the international development of the Group. He led the banks of the UniCredit Group in Croatia, Bulgaria and Turkey, before returning to Milan in 2010 taking on responsibility as Global Head of Retail. In 2012 he became Group Chief Risk Officer, member of the CEO Office and of the Executive Management Committee. In March 2016 he joined ING Bank Italia, holding the position of Chief Executive Officer, and then in June 2016 he headed SACE, where – in accordance with the indications of the Cdp Group’s Business Plan 2016-2020– the “Italian export and internationalisation hub” was set up by integrating and strengthening the insurance and financial activities dedicated to supporting the exports and international growth of Italian companies.
Alessandro Decio
Since June 2016 she has been an independent member of the Board of Directors of SACE. A successful entrepreneur in the wine sector, she is Chairwoman of the Allegrini group, where for over thirty years she has been responsible for marketing and development, promoting the family company’s wines and Valpolicella worldwide. The Allegrini name today refers to a consolidated group of four companies spread throughout Veneto and Tuscany. Marilisa Allegrini is the founder and Chairwoman of ISWA (Italian Signature Wines Academy), an association of 7 companies with the aim of supporting and defending the value of the wine assets of the respective regions and together addressing distribution and internationalisation strategies. She is also a member of the Board of the Consorzio del Vino Brunello di Montalcino.
Allegrini
Antonella Baldino is Chief Business Officer of Cassa Depositi e Prestiti, member of the Board of Directors of SACE, SIMEST, Istituto per il Credito Sportivo and FINTECNA, and Deputy Chairwoman of Eltia (European Long-Term Investors Association). With a degree in economics and commerce and a Master degree in international economics, she has gained broad experience in the structuring and management of financial instruments and extraordinary operations both at the Ministries of Economic Development and of the Economy and Finance, where she was a member of the Board of experts in the Treasury Department, and at leading banks such as Unicredit, Capitalia and Mediocredito Centrale. Previously she gained experience abroad at the World Bank and UNCTAD.
Antonella-Baldino
He became a member of the SACE board of directors in 2017. He is a senior partner of Cartesius Advisory Network, a global merchant specialized in strategic advisory and investment banking. He is also a senior advisor of EY, with a focus on finance, especially in the infrastructuring, energy, and oil&gas sectors. As an equity partner of Simmons & Simmons, and then DLA Piper, he served as assistant and advisor in corporate finance for the structuring of leveraged and management buy-outs, in forming joint ventures, and in private equity and M&A. In the banking and finance area, he has provided professional services to various national and international banks and financial institutions in the areas of banking, project finance and PPP, real estate finance, and acquisition finance (financing contracts, syndicated loans, bond issues, structured finance, and issuance of guarantees and security packages). He also has experience in privatization processes, with particular reference to the liberalized sectors, energy, water and essential public services. He has been a board member of Sofipa, Arena, Metro5, and Aurelys asset management.
rodolfo-errore
Since 2016 he has been an independent member of the Board of Directors of SACE. He has been Chief Executive Officer of Pirelli Industrial since October 2016. He joined the Pirelli Group in 2012 and since then he has been Executive Chairman of the Group in Latin America. Before joining the Pirelli Group, he gained 25 years’ experience in key positions in Europe and South America in the infrastructure and TMT sector. Among the various positions he has held, he has been Chief Executive Officer of the Italian newspaper La Repubblica. He has been Chief Executive Officer of the Seat Group and of Wind Telecomunicazioni, as well as Chairman for South American operations of Telecom Italia, where he led Tim Brasil to success. He has also been Senior Advisor for the Dutch private equity boutique Cyrte Investment. He has been a member of the BoD of various listed companies, including Terna Spa. In 2009 he was awarded honorary citizenship of Rio de Janeiro for his business merits.
Dal-Pino
She has been a member of the Board of Directors of SACE since 2017. Since June 2016 she has been Chief Financial Officer of CDP Immobiliare and CDPI Sgr. She joined the Cassa Depositi e Prestiti Group in 2007 where, among other offices, she was Head of Public Interest Lending, Head of the Project Assessment Team and Head of Corporate Financing. Previously she held key positions in Banca OPI, SanpaoloIMI Private Equity and TIM.
Alessandra Ferone
He has been a member of the Board of Directors of SACE since 2017. He is a Director at the Ministry of Economy and Finance, Treasury Department, Head of financial operations. He graduated in political science at Sapienza University in Rome; in 1985 he completed an MA (Econ) at Victoria University in Manchester. He was on the Board of the European Reconstruction and Development Bank from 1991 to 1995 and on the Board of the European Investment Bank from 1996 to 2000. In 2002 he took part in the Kananaskis G8 summit as the finance Sous-Sherpa. From 2003 to 2012 he was member of the Board of Directors of Fintecna SpA and from 2012 to 2015 of the Board of Directors of Ipzs SpA.
MARESCA
He has been an independent member of the Board of Directors of SACE since June 2016. He is Chief Executive Officer of Arpinge and Adjunct Professor at LUISS Business School, where he also runs the International Finance course for the Master in economics. He has gained wide experience in project financing, real estate funds and private equity, with executive roles at Mediocredito Centrale and Schroder, and at the head of bodies such as ANCE, F2i, Ream SGR and Fimit SGR. He has been a director of various companies, including BNP Paribas REIM SGR, Invimit SGR and Geoweb. Among his international roles, he was a member of the group of experts set up by the European Commission on closed and real estate funds and of the Frankfurt Club. He has written papers and research studies on financial innovation, credit systems and financial markets, and has written several published works and collaborates with national newspapers.
Merola

Board of Statutory Auditors

Franco Tutino Chairman

Roberta Battistin Standing Auditor

Giuliano Segre Standing Auditor

Antonia Di Bella Deputy Auditor

Francesco Di Carlo Deputy Auditor

Guido Carlino Acting Representative of the Court of Auditors

Management

Alessandro Decio is Chief Executive Officer and General Manager of SACE. He started his career at IMI Capital Markets in London, where he then worked for over five years at the European Bank for Reconstruction and Development, after an MBA at Insead and experience at McKinsey. Subsequently, he joined UniCredit to support the international development of the Group. He led the banks of the UniCredit Group in Croatia, Bulgaria and Turkey, before returning to Milan in 2010 taking on responsibility as Global Head of Retail. In 2012 he became Group Chief Risk Officer, member of the CEO Office and of the Executive Management Committee. In March 2016 he joined ING Bank Italia, holding the position of Chief Executive Officer, and then in June 2016 he headed SACE, where – in accordance with the indications of the Cdp Group’s Business Plan 2016-2020– the “Italian export and internationalisation hub” was set up by integrating and strengthening the insurance and financial activities dedicated to supporting the exports and international growth of Italian companies.
Alessandro Decio
In SACE since 2004, currently he is responsible for the ROS area, consisting of the department for Human Resources, Organisation, Information Systems and General Services. 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. In May 2016 he was appointed Chairman of SACE BT.
marco-traditi
In SACE since 2017, he is currently responsible for the Marketing & Business Innovation Area, comprising the Divisions of Commercial Planning & Commercial Initiatives, Product Development, CRM and Education to Export. 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.
frezza_2
Since March 2017 Michele De Capitani has been Chief Financial Officer and manager responsible for drafting the accounting documents 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.
Michele-de-capitani
In SACE since 2018, he holds the position of Chief Underwriting and Business Innovation 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.
Liguti
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 Sales Officer.
Simonetta-Acri
Letterio Merlino has been with SACE since July 2017 with the title of Chief Risk Officer. Before joining the risk office of CDP in 2016, he held various responsible positions in some leading banking groups, with particular focus on risk management. He began his career at Banco di Sicilia and later moved to SanPaolo IMI and the UniCredit Group. He also worked at Accenture as a strategic consultant in the financial and banking field.
ERIO
In SACE since 2009, Rodolfo Mancini currently holds the roles of Chief Legal Officer of SACE and Chairman of SACE Fct. 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
Alessandra Ricci currently holds the position of Chief Executive Officer of SIMEST. Previously in SACE she held the position of Marketing & Underwriting Director, Chief Business Officer, Corporate and Investment finance Director and head of New Markets. Before joining SACE, she worked for ten years in Mediocredito Centrale where she handled Project Financing for international projects in Europe and emerging markets.
alessandra-ricci
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.
paolo-alfieri
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.
perinelli

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 Company subject to management and coordination of Cassa Depositi e Prestiti (sole shareholder)

Key documents