ILLIMITY ANNOUNCES THE NEW ORGANIZATIONAL STRUCTURE
Milan, 19 January 2025 - illimity Bank S.p.A. ("illimity" or the "Bank") communicates that the Board of Directors, held on 17 January 2025, as part of the functional activities also for the preparation of the new industrial plan and focusing on the core business on SMEs lending specifically in the performing and reperforming segments, as already announced on 8 November 2024, approved a new internal organizational structure, designating Enrico Fagioli as Deputy CEO with responsibility for all business areas of the Bank and the Group and, also, designating Giovanni Lombardi as Deputy CEO to oversee and coordination of central functions; following these nominations, the regulatory process for the appointment was started.
Enrico Fagioli, with illimity since its foundation and with 40 years of professional experience, most recently led the Corporate Banking Division and he is President of illimity SGR S.p.A..
Giovanni Lombardi, with over 20 years of experience, supported the CEO and the management team in the process of listing the Bank and establishing the Banking Group and has held the role of General Counsel and Secretary of the Board of Directors since the end of 2018.
The Bank also communicates that, consistently with the above new organizational structure, it has been terminated the employment relationship with Andrea Clamer who deserves thanks for the work carried out in these years.
For additional information:
Investor Relations & Sustainability
Fabio Pelati +39.335.7853370 - fabio.pelati@illimity.com
Ufficio Stampa & Comunicazione illimity Vittoria La Porta, Elena Masseipress@illimity.com
Ad Hoc Communication Advisors Valentina Zanotto +39 335 141 5575 Simona Di Nicola +39 335 141 5578 illimity@ahca.it
illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. Specifically, illimity provides credit to high-potential SMEs, integrating the entire value chain of credit management: investment, financing, and servicing, the latter managed through ARECneprix, its own asset management and structuring platform. It also offers direct digital bank services through illmitybank.com. Part of the Group is also illimity SGR, which establishes and manages three Alternative Investment Funds to support institutions and companies, both in the UTP area and in Private Capital. The illimity Group's story began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A. This was followed by successful fundraising, with a record €600 million being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., resulting in the merger of the two entities to form "illimity Bank S.p.A.", which was listed on the Italian Stock Exchange on 5 March 2019 (ticker "ILTY"). It was first traded on the MTA exchange and has been listed on the STAR segment since September 2020. The banking group, headquartered in Milan, employs 920 people and has assets of approximately €8.3 billion as of 30 September 2024.
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illimity Bank S.p.A. published this content on January 19, 2025, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on January 19, 2025 at 18:36:06.755.