It's Massimiliano Belingheri the new president of Assifact, the Italian association for factoring which brings together operators in the sector.
This was named by the association's Assembly which met yesterday where "the challenges awaiting the factoring industry were indicated: the target of small and medium-sized enterprises, for which the support of working capital can be fundamental; there digitization the services offered to integrated customers along the production chains; the evolution of supervision which must consider the peculiarities of factoring,” he said Alessandro Carretta, general secretary of Assifact and professor of financial intermediaries at the University of Rome Torvergata
Belingheri: Factoring a fundamental sector for the country and the future of Italian entrepreneurship
“In the coming years, the challenge is to continue in the excellent path that the association has traced, continuing to engage members and proactively following the regulatory developments, to grow with the whole sector” said the new president Massimiliano Belingheri, thanking the Assembly. “It will be essential to work on close contact with the EU Federation, led by our outgoing president Fausto Galmarini, whom I thank for the leadership shown over the years".
Assifact: its turnover is worth 15,5% of the national GDP
THEItalian Association for Factoring, born in 1988, currently has 45 Associates, of which 31 are ordinary and correspondent members made up of banks, financial intermediaries and captive companies and 14 service companies and professional firms with the status of Supporting Associates. In essence, Assifact represents the totality of the factoring market, which is moving a lot in Italy turnover of over 287 billion euros (2022 turnover), equal to approx 15,5% of GDP. Internationally, Assifact represents Italy within theEU Federation for the Factoring and Commercial Finance Industry (EUF), which brings together the factoring sector trade associations of the main European countries and represents the European factoring industry in the European Union and other international bodies, such as the European Banking Federation.
The new board of the Association
Yesterday the Assembly also nominated the new one Board of Directors. Here are the directors: Andrea Berna (Banca Ifis), Matteo Bigarelli (Bper Factor), Fabio Bollini (Factorit), Alfredo Bresciani (Unicredit Factoring), Enrico Buzzoni (MBFacta), Anna Carbonelli (Intesa Sanpaolo), Gabriele Decò (CredemFactor ), Andrea Faina (Fidis), Massimo Gianolli (Generalfinance), Carmelo Giansiracusa (Banca Monte dei Paschi di Siena), Dario Greco (Exprivia-Factoring Department), Paolo Iachettini (BCC Factoring), Sylvain Loiseau (SG Factoring), Franco Marcarini (Illimity Bank), Stefano Pierini (Fercredit), Giuseppe Pignatelli (Banca Progetto), Alessandro Ricco (Barclays Bank Ireland plc – Milan branch), Daniele Schroder (SACE FCT), Ivan Tomassi (Credit Agricole Eurofactor), Andrea Trupia (Banca Sistema ), Ruxandra Valcu (Ifitalia).
The Board of Auditors
Acting auditors are Alessandro Bertoldo (Aosta Factor), Vittorio Giustiniani (BPER Factor) and Carlo Zanni; alternate auditors Gabriele Piccini (Clessidra Factoring) and Franco Tapparo (Factorcoop)
Who is the new president
Belingheri since 2013 he has been managing director of BFF Banking Group, a leading bank in Europe in the disinvestment of loans to the public administration, after having already been a director since 2006. From 2001 to 2013 he was at the private equity fund Apax Partners, becoming a partner in 2007. Previously he worked at Morgan Stanley and McKinsey & Company. He was a director of Azimut Holding. and of Psagot Investment House. Since December 2022 he has been a Director in Treccani. Graduated with honors in Economics of Public Administration and International Institutions at Bocconi University in Milan in 1997, he also spent a period at the Wharton School of the University of Pennsylvania in Philadelphia. In 2001 he obtained an MBA (Baker Scholar) from Harvard Business School.
