A few months after the expiry of the board, Bpm bank redesign the first line: defined the new organization of the general management and top executives: the co-management was established Chief Financial Officer (CFO), redefined the perimeter of the joint general management Chief Business Officer (CBO), set up the new function Corporate & Investment Banking (CIB) and established the office of Chief Risk Officer (CRO). The new appointments will take effect from 1 January 2023, coinciding with the entry into force of the new organizational model.
Il new arrangement, according to the institute, favors a better coordination of the group's activities compared to the path traced in the 2021-2024 Strategic Plan and facilitates the governance of areas of greater complexity in line with the evolution of the external context, to better respond to the expectations on governance that have matured in recent years, including at a supervisory level.
Banco Bpm redesigns the front line: the key figures
After the release of Salvatore Poloni, Edward Guinevere, current CFO, is assigned the role of co-manager general (CFO) with responsibility for coordinating the administration and preparation of the financial statements, finance, integrated management of purchases, management of equity investments, investor relations, planning and control and optimization of capital.
Allo purpose to facilitate the path of commercial growth declared in the 2021-2024 Strategic Plan, the supervision and development of the business, retail and corporate areas is strengthened.
Furthermore, the new perimeter of the general management (CBO) in the commercial field, already under the responsibility of Dominic De Angelis, which will maintain the supervision of the Commercial functions - divided into Individuals and Businesses - Institutional Entities and Third Sector, Marketing and Omnichannel and on the 8 Territorial Departments. The co-general manager is also entrusted with the coordination and supervision of the subsidiary Banca Aletti.
Banco Bpm: here is the news on the planned strategic initiatives
The development of planned strategic initiatives for the corporate area it belongs to the new function called CIB, entrusted to the current Corporate manager Luca Manzoni. In addition to the Corporate network, Structured Finance and Global Transaction Banking activities, this structure is assigned the coordination and supervision of Banca Akros, the Investment Bank of the Group.
While the risk control function was strengthened through the establishment of the position of CRO (Chief Risk Officer), entrusted to Andrea Rovellini, formerly Head of Risks, who maintains the role of Head of the Risk Management Function (Risk Manager).
As a result of the new structure, the joint general management, CIB (Corporate & Investment Banking), CLO (Chief Lending Officer), CRO (Chief Risk Officer), the Anti-Money Laundering, Compliance, Communication and Sustainability functions will therefore report directly to the Chief Executive Officer (so renamed), Legal and Regulatory Affairs, Organization and Human Resources.
