Corporate Bodies

Marcello Sala brings over 30 years of experience in financial services, banking, private equity, and mergers and acquisitions, gained within leading global institutions.

Previously, he was Director General of the Department of the Economy at the Italian Ministry of Economy and Finance. The Department oversees the Ministry’s shareholdings in over 200 companies—together representing nearly 20% of Italy’s GDP—and manages state-owned assets such as real estate and concessions. It also designs and implements financial support instruments for economic growth, including those aimed at exports and SMEs.

During his mandate, he concluded investments and divestitures totaling over €7.5 billion, within a total transaction volume exceeding €25 billion. These included major strategic operations such as the privatization of Banca Monte dei Paschi di Siena, the sale of ITA Airways, and the acquisition of FiberCop from Telecom Italia—the largest direct investment ever made by the Ministry and the largest buyout in Europe in 2024.

From 2016 to 2023, he was a Partner at Apis Partners, a global private equity firm focused on financial services and native to ESGI (Environmental, Social, Governance and Impact) principles.

Earlier in his career, he served as Executive Vice Chairman of Intesa Sanpaolo Group’s Management Board (2007–2016), responsible for the Group’s international business and institutional relations. In 2008, he co-founded Banca ITB (now Mooney), a pioneering neo-bank focused on innovative payment solutions for the Italian retail market and led its successful sale in 2016 as Executive Director.

He currently sits on the Board of Directors of Leonardo S.p.A., the Board of the Italian Institute of Technology (IIT), and is a member of the Council for Inclusive Capitalism. His previous roles include: Member of the Committee on Capital Market Reforms and the Fintech Committee at the Ministry of Economy and Finance; Chairman of the Italian-Egyptian Business Council; Vice Chairman of Alexbank; and memberships in the Trilateral Commission and the World Economic Forum’s Global Agenda Council on the Future of Financing and Capital.

born in Padua on 11 December 1965, he graduated in Managerial Engineering from the Milan Polytechnic in 1990 and in 1994 he earned an MBA (Master in Business Administration) from the Institut Européen D’administration Des Affaires (INSEAD) in Paris.

Paolo Bertoluzzo started his professional career as a management consultant, working in Europe and in the United States.

From 1995 to 1999 he was a manager at Bain & Company, and in 1999 he joined Vodafone Italia S.p.A., where, from 2008 to 2013, he was CEO. From 2012 to 2013 he was also CEO for Southern Europe at Vodafone Group Plc; from 2013 to 2016, he was Group Chief Commercial and Operation Officer for the same company.

In July 2016, he joined the Nexi Group as Chief Executive Officer of CartaSì and Istituto Centrale delle Banche Popolari Italiane (now Nexi S.p.A.), respectively.

He has been a Nexi director since 13 February 2019 and since then he has held the office of CEO of the Nexi Group which, under his leadership, has experienced strong growth and expansion, also through the Nets and SIA mergers. 

born in Milan in 1970, she graduated in Economics from Bocconi University in 1995 and subsequently took various postgraduate courses in the United States of America.

She began her career as an Internet Marketing Manager at one of the most important media centres in Italy, and then in the Netherlands with UUNET (global internet business connectivity provider).

Since 1997 she has set up and moderated discussion groups dedicated to online marketing, including Mlist. In 1997 she wrote her first book “Web Marketing per le PMI” (Web Marketing for SMEs), which has long been a reference for the online marketing sector. She has also worked as a trainer and consultant (organising workshops and seminars throughout Italy on online, offline and mobile integration).

From 2005 to 2012, she worked at PayPal, holding roles of increasing responsibility. In particular, she held the position of Marketing Director, also spending a long period at the PayPal headquarters in the United States supporting a global strategic project as head of the planning and marketing strategy team for the EMEA area.

Subsequently she was CMO at Tandem Bank and at the date of this Report she is General Manager Digital for Europe and Russia at CIS Western Union.

born in Busto Arsizio on 16 June 1970, he graduated in Economics from the Luigi Bocconi University in 1993 in Milan and earned an MBA (Master of Business Administration) from the Columbia Business School of New York in 2000.

From 1994 to 1998 he was a consultant at Bain & Company’s Milan office, and from 2000 to 2003 he worked at Goldman Sachs in London.

In 2003 he joined Bain Capital Private Equity, where he holds the office of managing director and is co-head of technology, financial and business services.

He has been a director of Nexi since 13 February 2019.

Marina Brogi was born in Rome on 15 July 1967. Graduated in Political Economy at the Luigi Bocconi Commercial University, she completed her economic studies at the London Business School.

She has over twenty years of experience in the field of research and training on banking and finance at both university and post-graduate level at numerous Italian and foreign universities and business schools. After having worked as a researcher in the economics of credit companies at the Luigi Bocconi University, she took on the role of associate professor of economics and financial market techniques at the Sapienza University of Rome, of which she has been a professor of Economics of Financial Intermediaries since 2007. She is the author of numerous scientific publications on banking, insurance, corporate governance and the securities market. She has been an independent director of various Italian listed companies such as Banco di Desio e della Brianza S.p.A., Luxottica Group S.p.A., Mediaset S.p.A., Prelios S.p.A., Salini Impregilo S.p.A. and UBI Pramerica SGR and supervisory board member of A2A S.p.A. and UBI Banca S.p.A. She is director of Assicurazioni Generali S.p.A., Media for Europe NV, Almawave S.p.A., Epta S.p.A. and Guala Closures S.p.A.

Born in Velingrad, Bulgaria in September 1974, she received her degree in business administration and economics from Portsmouth University in affiliation with the International University of Sofia.  In 1995, she started her career in ING Bank in Amsterdam where she held a variety of corporate banking and project finance roles in the TMT sector. From 2001 she moved to London to the leveraged finance team at Royal Bank of Scotland where she covered the TMT sector.  She then worked in the investment banking and leveraged finance teams of UBS.  Subsequently, she joined the principal trading and principal investment group at Merrill Lynch/Bank of America.   From 2010 to 2016 she was a senior banker at EBRD in the manufacturing and services team in London with responsibility for building a new restructuring and special situations investments business, as well as taking an active role in various strategic initiatives of the bank to stabilise the finance sector in its countries of operations. After EBRD she led an entrepreneurial initiative as a founder and CEO of a diagnostics clinic.

born in Graz, Austria, on 28 November 1984, he graduated in Business Administration from St. Gallen University (HSG) and earned an MBA from Stanford Graduate School of Business.

He is currently a member of the Board of Directors of Allfunds and Nexi. Previously, he was a Member of the Board of Directors of Nets.

Since 2020 he has been a Partner of Hellman & Friedman, which he joined in 2014 after working in Warburg Pincus in the financial services and retail investment groups area and in Goldman Sachs in London in the financial services and M&A group.

On September 2022, he was appointed CEO and GM of CDP Equity S.p.A, and Chief Investment Officer of CDP S.p.A

Previously, he was Chief Financial Officer of Illimity Bank (2018-2022) and of Banca Monte dei Paschi di Siena (2016-2018).

In 2010 he joined Nomura, which he left in 2016 as Head of Italian lnvestment Banking.

After an initial professional experience in Banca Commerciale Italiana (1994-1996), he worked at Goldman Sachs, which he left as Managing Director in charge of the Italian market (1996-2010).

He graduated with honors in Business Administration from "Luigi Bocconi" University of Milan.

born in Saronno on 13 May 1962, she graduated with honours in Economics and Business from the Università Cattolica del Sacro Cuore in Milan.

Since July 2017 she has been CEO and General Manager of AMCO - Asset Management Company S.p.A.. She has held a number of positions at UniCredit, including Deputy General Manager and CFO, having managed the Group’s most important external growth transactions.

She has been a member of the Board of Directors of Fiera Milano S.p.A. until 2022 and held the role of chief executive officer from April 2017 to July 2017.

She has also been a member of the Board of Directors of WeBuild S.p.A. since December 2019 and of the Investors Committee of the Italian Recovery Fund (formerly Atlante II).

She has been a director of Nexi since 31 December 2021.

Enrico Trovati, born in 1966 in Novara, graduated in Electronic Engineering from the Politecnico di Milano in 1991. He spent five years in the manufacturing industry as an assistant to the Chairman at De Angeli Industrie S.p.A. Subsequently, he joined McKinsey & Company for seven years as an Associate Principal and member of the European Telecom Practice Leadership Group.

In 2004, he joined Telecom Italia Group as Head of Digital and VAS Marketing, then served as CEO of Matrix S.p.A., the market-leading digital company within Telecom Italia Group. He later held roles as Marketing Director and Sales Director for the Business Market (serving SMEs, corporates, and the public sector) until September 2016.

In October 2016, he joined Nexi as Director of the Merchant Services & Solutions Business Unit and was a member of the Executive Committee until the end of 2022.

Currently, he acts as a senior business advisor and angel investor.

Married with two daughters, he is passionate about soccer, skiing, and modern architecture.