Fabrizio Palermo has been Chief Executive Officer and General Manager of the Cassa Depositi e Prestiti Group—the Italian Promotional Bank and Sovereign Fund—since 2018. As CEO, he deployed an ambitious three-year Business Plan, providing 110 billion Euros of new lending to support Italian economic growth and sustainable development, and aiming to activate 90 billion of additional lending from private investors and national institutions, as well as supranational organizations.
He started his career in 1995 at Morgan Stanley as a financial analyst in the Investment Banking Division in London working on many large cross-border corporate finance and M&A transactions as well as shares and bonds placements for many Top-Tier European Financial Institutions and Corporates.
From 1998 to 2005, he was a strategic consultant at McKinsey & Company, specializing in corporate restructuring, transformation, and turnaround projects for large industrial and financial groups.
In 2005, he joined Fincantieri Group as Business Development and Corporate Finance Director—reporting directly to the CEO—before serving as Chief Financial Officer (2006–2014) and then Deputy General Manager (2011–2014).
In 2014, he joined Cassa Depositi e Prestiti, where he initially served as Chief Financial Officer before being appointed CEO in 2018. As CFO he was responsible for the financial reporting of the Cassa Depositi e Prestiti Group, with specific responsibility for postal and bond funding, liquidity management, investment portfolio management, and asset and liability management (ALM) at the group level.
Since 2017, he has been a member of the Italian-French Committee for the alliance project between Fincantieri and Naval Group, aimed at creating a European shipbuilding champion. Since 2018, he has been Co-Chairman of the Italy-China Business Forum, which is in charge of developing commercial opportunities in China for Italian companies. He is also currently Chief Executive Officer of CDP Reti S.p.A. and a board member of Fincantieri S.p.A. and the Fondo Atlante Investors Committee.
Over the course of his career, he has been Chairman of the Board of Directors of CDP Equity S.p.A., a board member of Fincantieri USA Inc., Vard Group AS, Vard Holdings Limited, Open Fiber S.p.A., Risparmio Holding S.p.A., and Equam S.p.A., and a member of the Italian Recovery Fund Investors Committee.
Born in Perugia in 1971, Fabrizio Palermo holds a degree with honors in Business Economics from University of Rome “La Sapienza”. He is married with two children.