Board of Directors

Nicola Francia, graduated from the Bocconi University of Milan, has a long professional experience in the financial markets between Milan and London. Since 2023 he has been in the Investment Department of UniCredit and deals with investment strategies, portfolio management and consulting. From 2015 to 2022 he held growing roles in the distribution of investment products on the primary market, stock exchange listing and brokerage for the European market of the Global Markets division. Previously he was Head of Private Investor Products for Italy for Abn Amro and European Head of Listed Products for Royal Bank of Scotland. Among the founders of ACEPI, in December 2006, he served as board member until 2014 and, since 2019, he holds the position of Chairman of the Board in ACEPI and is a member of the Board of Directors of EUSIPA.

Alessandro Garufi is currently responsible for the Equity Derivatives and Structured Products team within the Banco BPM Group Finance Division. Graduated cum laude In Economics and Business at the University of Florence, he began his professional experience in 1997 in the group Cariplo. He then continued his experience as a trader in equity derivatives first in TradingLab Banca (Unicredit Group) and, since 2001, in MPS Finance (Gruppo Banca Monte dei Paschi di Siena). Since 2004, he joined Gruppo Banco BPM where he deals with trading, pricing and structuring of derivatives including certificates and other securitized products. His experience in the group began first at Banca Aletti as head of the Equity Structured Products team, then, from September 2018, at Banca Akros as head of the Structuring and Financial Engineering team.

Francesco De Santis is Head of Equity Derivatives Distribution for Italy and Ticino and has joined Barclays in 2021, where he has re-opened the investment products sales desk, for retail and private banking distribution and direct listing. He has started his career in Deutsche Bank in 2010 and from 2011 to 2021 has worked in BNP Paribas as Cross Asset Distribution Sales. Graduated in Finance at Bocconi University.

Alessandra Annoni is responsible for the Investment & Listed Products Sales team for structured investment products , in particular, she deals with the distribution of investment products on the primary market and direct listing on the main European exchanges . Alessandra began her career at Citigroup where she was Sales & Marketing Manager for Equity Derivatives.

Roberto Romeo began his professional career in 1997 in Citibank and subsequently joined Tradinglab Banca (Unicredit Group) on the Warrant and Equity Derivatives trading desk. From 2004 to 2008 he worked for Deutsche Bank, where he was Head of Trading X-markets Italy. Mr. Romeo joined Mediobanca in July 2008 as a Managing Director of Capital Market Solutions, Head of Equity Derivatives Trading. In July 2019 he was nominated Head of Equity Trading and Structuring into Mediobanca Markets Division, leading a team of twenty people. He holds a Degree in Business Economics from Università Cattolica in Milan.

Vincenza (known as Cinzia) Silvestri is the head of the Equity Derivatives Distribution Sales team in Italy at Natixis Corporate and Investment Banking, where she is involved in the structuring and sale of certificates and investment products for institutional and retail investors. She is a professional with over 18 years of experience in the financial market, specializing in the development and distribution of structured products and investment solutions. She began her career in 2007 in Deutsche Bank in the X-Markets Sales team in Italy and subsequently worked for 16 years at BNP Paribas, between London and Milan, in the Equity Derivatives and Credit divisions as a Structurer and in the Italian Cross Asset Solutions Sales team, developing tailored solutions for a diverse clientele. Cinzia holds a degree in Finance from Bocconi University in Milan.

Fabio De Zordo is global head of Equity and Brokerage Trading at Unicredit.
He joined the Unicredit group in 1999, after graduating in Economics of Institutions and Financial Markets from Bocconi University in Milan, becoming member of the team that launched the first warrants and certificates listed in Italy and founded TradingLab, a bank specializing in the creation of investment products for retail customers.
He subsequently held various roles with european responsibility in the trading and structuring area of cross asset derivative products for retail and institutional customers.
He was one of the founders of ACEPI, in December 2006, holding the position of member of the board of directors for several years.