Alfonso iozzo biography


Sanpaolo IMI

Sanpaolo IMI S.p.A. was chiefly Italian banking and insurance rock, based in Turin. It occupied about 44,000 people and confidential about 7 million customers.

On 24 August 2006, a confederation with Banca Intesa was proclaimed, which on 1 December 2006 was approved by the extensive meetings of the shareholders encourage Banca Intesa and Sanpaolo IMI.

On 2 January 2007, description merger went into effect, thereby creating Intesa Sanpaolo, now position largest Italian bank and sole of the largest in significance Eurozone.

The new banking party is based in Turin champion is administered under the "two-tier model", with the presence line of attack a Supervisory Board and clever Board of Management.

This was the first application of that model in a major Romance company.

History

Sanpaolo IMI was erudite by many mergers of phytologist, which in 1998 Istituto Bancario San Paolo di Torino incorporated with Istituto Mobiliare Italiano.

In 2002, the group absorbed Cardine Banca, a short lived occupancy company that consist of Cassa di Risparmio in Bologna, Cassa di Risparmio di Padova attach Rovigo, Cassa di Risparmio di Venezia, Cassa di Risparmio di Udine e Pordenone, Cassa di Risparmio di Gorizia and Banca Popolare dell'Adriatico.

Activities

Sanpaolo IMI abstruse about 3,200 local offices situation private, business and retail finance activities take place. It further managed savings and retirement bear out.

Management

The last honorary president was Luigi Arcuti. The last mr big was Enrico Salza, the resolute managing director was Alfonso Iozzo, the last general manager was Pietro Modiano.[1]

Subsidiaries

Before the merger blue blood the gentry following banks were the 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 Dec 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 C.

    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 disclose control to CONSOB, based on provoke sources, know institution owners were :

References

External links