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Credito Fondiario strengths its servicing for NPL portfolios

25 November, Monitor Immobiliare

Credito Fondiario strengths its business and servicing team to manage bad loans portfolios.

Guido Lombardo, already leading Banking, has been appointed Chief Investment Officer. He will look after investment opportunities and the promotion and development of the activities of the bank.

Mirko Briozzo, already Cfo of the bank, has been appointed Vice-general director and Chief Business Officer, with the operational responsibility for business structure, portfolio management, capital markets, due diligence, and marketing.

Guido Lombardo and Mirko Briozzo are also part of the Board of Directors of Credito Fondiario.

The bank also avails itself of the expertise of Salvatore Iervolino for the unlikely to pay/credits part, Marco Vitale for special servicing, and Alberto De Maggi for organization.

Credito Fondiario, that entered in the Tages Group at the end of 2013, has placed itself in the bad loans sector with investments for 350 million carried out on NPLs, credit activities in master servicing for 14 billion, special servicing in bad loans for 2 billion, and a significant pipeline regarding new operations coming up in the next months.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

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