Alfonso iozzo biography

Sanpaolo IMI S.p.A. was type Italian banking and insurance gather, based in Turin. It busy about 44,000 people and difficult to understand about 7 million customers.

On 24 August 2006, a combination with Banca Intesa was declared, which on 1 December 2006 was approved by the junction meetings of the shareholders get through Banca Intesa and Sanpaolo IMI.

On 2 January 2007, integrity merger went into effect, thereby creating Intesa Sanpaolo, now distinction largest Italian bank and lag of the largest in justness Eurozone.

The new accounts company is based in Torino and is administered under high-mindedness "two-tier model", with the showing of a Supervisory Board champion a Board of Management. That was the first application unsaved this model in a bigger Italian company.

History

Sanpaolo IMI was formed by many mergers beat somebody to it banks, which in 1998 Istituto Bancario San Paolo di Torino merged with Istituto Mobiliare Italiano.

In 2002, the group engrossed Cardine Banca, a short temporary holding company that consist strain Cassa di Risparmio in Sausage, Cassa di Risparmio di Padova e Rovigo, Cassa di Risparmio di Venezia, Cassa di Risparmio di Udine e Pordenone, Cassa di Risparmio di Gorizia flourishing Banca Popolare dell'Adriatico.

Activities

Sanpaolo IMI had about 3,200 local organization where private, business and market banking activities take place.

Accomplished also managed savings and wasteland funds.

Management

The last honorary chairman was Luigi Arcuti. The solid president was Enrico Salza, magnanimity last managing director was Alfonso Iozzo, the last general gaffer was Pietro Modiano.^[1]

Subsidiaries

Before the amalgamation the following banks were nobility subsidiaries of the group:

Ownership

• Total shares: 1,875,087,936
  • Total ordinary shares: 1,590,903,918
  • Total preferred shares:284,184,018
• par value: €2.88 each.

Before the merger, on 31 December 2006 the shareholders were (ordinary and preference shares):^[1]

1. Compagnia di San Paolo 14.19%
2. Fondazione Cariparo 7.02%
3. Fondazione Carisbo 5.54%
4. Giovanni Agnelli e Adage.

   4.96%

5. Banco Santander 3.63%
6. Carlo Tassara 2.51%
7. Assicurazioni Generali 2.47%

ownership ratio below 2% was not required to get around ownership to CONSOB, based extra other sources, know institution owners were :

References

External links