Welcome to Fineco

Fineco offers banking, brokerage and investment services to retail clients from the convenience of a single multicurrency account.

Efficiency, innovation and transparency helped Fineco become one of the highest rated banks in Europe, with over 1.4 million customers.

A success story

Since launching in 1999, Fineco's mission has been to enhance the experience of online banking. Our business model allows us to offer a range of financial services designed to meet our clients' banking and investment needs, which they can access from an innovative and user- friendly platform.

  • £88.2 bn

    Total Financial Assets

  • 1.4 mln

    Total clients

  • £37.2 bn

    Assets in Private banking

  • 6,000

    Financial products offered

  • £4.8 bn

    Net sales

  • 24.4 mln

    Executed trades in 1H22

  • £191 mln

    Net profit adjusted*

  • 19.14%

    CET1


Figures as at June 30th, 2022
Exchange rate value as at June 30, 2022: EUR/GBP 0.8582

*Net profit adjusted for non-recurring items

Alessandro Foti

Chief Executive Officer and General Manager

Fabio Milanesi

Deputy General Manager and Head of It, Operations, Customer Care

Paolo Di Grazia

Deputy General Manager and Head of
Global Business

Alessandro Foti

Chief Executive Officer and General Manager

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Alessandro Foti graduated with honours in Business and Economics from Bocconi University of Milan in 1984.

He began his professional career in the Financial Management Office of IBM in 1985. After three years of experience in Montedison S.p.A., where he became Head of financial coordination of the group's affiliate companies, in 1989 he joined Fin-Eco Holding S.p.A., with responsibility for capital market operations. In 1993 he became the Head of the operational section for administration, asset management and trading of Fin-Eco Sim S.p.A.. After being appointed as a member of the Board of Directors, General Manager and Managing Director, in 2002 he became Chairman of Fin-Eco Sim S.p.A.. After three years of experience as a member of the Management Committee of Assosim, in October 1999 he was appointed as a member of the Board of Directors of FinecoBank.

In 2001, he became a member of the Supervisory Board of Entrium Direct Bankers AG. From 2003 to 2005, he was a member of the Board of Directors of Ducati Motors Holding S.p.A. and General Manager of FinecoGroup S.p.A. (a company listed on the Midex segment of the Milan Stock Exchange).

From October 1999 to December 2000 he was a member of the Board of Directors of FinecoBank. From December 2000 to date he has served as Chief Executive Officer of FinecoBank and from July 2014 also as General Manager. From May 2010 to January 2015 he was Vice Chairman of the Supervisory Board of DAB Bank AG. From April 2012 to April 2014 he was a member of the Management Committee of Assoreti. From 2013 to 2019 he has been a member of the Executive Management Committee of UniCredit Group. Since April 2014 he has been Director and Vice Chairman of Assoreti. He has been a member of the Board of Directors of Borsa Italiana S.p.A. from July 2014 to October 2020.

In 2017, 2018 and 2019 he was awarded by Institutional Investor as best CEO in Europe in the banking industry for the Small&Mid Cap category.

Since 9 November 2018 he has been a member of the Board of Directors of Bocconi University of Milan.

Fabio Milanesi

Deputy General Manager and Head of It, Operations, Customer Care

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He is the Head of the Global Business Services Department (GBS). He began his career working for «Studio Agente di Cambio dott. Gaudenzi» in 1989. He joined Fin-eco Sim in 1992 as Administrative Director. He is now Deputy General Manager in Fineco.

Paolo Di Grazia

Deputy General Manager and Head of Global Business

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He graduated in Business Economics in 1994 from the Bocconi University of Milan. Immediately after gaining his degree, he moved to the United States and worked at the Republic National Bank of New York, dealing with derivative products. He returned to Italy in 1998 to take on the role of Business Development Director at Matrix S.p.A., where he contributed to the start up and development of the online trading platform for Fineco SIM, as well as product development and management for the Fineco brand. He joined the Company in 2004, taking on responsibility for the development and management of the retail and the trading desk. In 2007 he was appointed as Head of Direct Bank with responsibility for banking, brokerage and the trading desk. In 2015 he was appointed as Deputy General Manager. He oversees each area of business from the development of banking platforms, brokerage, investing, Marketing & Innovation to Brand & Advertising and since 19th September 2018, he also manages Investment Products & Advisory Solutions and Financial Advisory Services Units. Since 2008 he is a member of the Fineco Management Committee and since 2013 has held the position of Vice-President and member of the Executive Committee of Assosim. On 27 July 2021 he was appointed the new director of HI-MTF SIM Spa, following the acquisition of 20% of the company's share capital by FinecoBank.

Mauro Albanese

Deputy General Manager and Head of Network PFA & Private Banking

Lorena Pelliciari

Chief Financial Officer

Giovanni Boneschi

Chief Risk Officer

Mauro Albanese

Deputy General Manager and Head of Network PFA & Private Banking

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He graduated in Economics and Banking in 1984 from the University of Siena. He began his career in IMIgest, where he held the role of Head of the Research and Analysis Office. After several years as Head of Development of Financial and Insurance Products of Banca Fideuram (from 1998), in the 2001 he joined the UniCredit Group to help with the start-up of Xelion and was appointed as Head of Network in 2003. In 2005 he took on the position of Business Integration Manager for the Private Banking Division (where he became Head of Planning at European level). At the end of 2007 he returned to Xelion Banca and, following its merger into Fineco in 2008, he was appointed as Head of the Network PFA Sales Department. Since 19th September 2018, following the change in the FinecoBank’s organizational structure, the Department has been renamed as Network PFA and Private Banking. In 2021 he was appointed as Deputy General Manager of the Bank.

Lorena Pelliciari

Chief Financial Officer (C.F.O.)

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As Chief Financial Officer, within Fineco, she is also Executive Manager and Chairperson of the Management Committee for Sustainability. She manages all administrative and fiscal services related to accounting and preparation of Financial Statements, Treasury, Strategic Planning, Management Control, Investor Relations (post listing of Fineco) and the Sustainability team. She began her career in the banking industry in 1980 and joined Fineco's management team from its inception. For five years she was C.F.O. of Asset Gathering in the former parent company UniCredit with responsibility for the management consolidation of an Austrian and German bank. She is currently a member of the Board of Directors of the Interbank Deposit Protection Fund.

Giovanni Boneschi

Chief Risk Officer

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Graduated in Computer Engineering in 2002 at Politecnico di Milano, he began his career at SOL-TEC, a system integrator operating in the financial sector. In 2007 he joined Fineco, first within the ICT Department and then on the Chief Risk Officer Department. In 2008 he obtained an Executive Master in Business Administration at SDA Bocconi School of Management. In 2010 he became head of Risk Management Unit reporting directly to the CRO. In 2020 he was appointed CRO of FinecoBank. As CRO, he is responsible for verifying capital and liquid adequacy, ensuring the effectiveness of the Group's risk management system.

Andrea Pepe

Head of Legal & Corporate Affairs Department

Silvio Puchar

Chief Compliance Officer

Andrea Pepe

Head of Legal & Corporate Affairs Department

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He is Head of the Legal & Corporate Affairs Department, which comprises the functions of Corporate Affairs, Legal Research, Complaints and Legal Affairs. He gained a Degree in Law in 1997 from the Sacro Cuore Catholic University of Milan and subsequently authorisation to practice the legal profession. He began his career at the Camozzi & Bonissoni Law and Tax firm, specialised in financial markets, banking and insurance law. In 2003, he joined FinecoGroup SpA, a sub-holding parent of FinecoBank, among others. He held increasingly important roles in the legal area to then become Head of the Legal Function in 2005. In 2006, he joined FinecoBank as Head of the Legal and Corporate Affairs Area. He oversees all aspects of legal advice and support for business and product development, also resulting from regulatory changes, as well as the establishment of the processes and activities designed to prevent legal disputes.

Silvio Puchar

Chief Compliance Officer

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He is in charge of the Compliance Department, which also includes the anti-money laundering function. He graduated in Business in 1989 from Bocconi University in Milan and began his career as an auditor with a specialisation in finance and credit at KPMG SpA. In 1992 he joined Finreme Sim (former Cariplo group), becoming the Head of Administration, Financial Reports and Relations with Supervisory Bodies. In 1998, he joined Fin-eco Sim as Audit Manager, setting up the internal control function. From 2001 to 2005 he served as FinecoBank's Internal Audit Manager. Since 2005 he has been the head of FinecoBank's Compliance function, guiding its creation and outlining its activities and processes.


Franca Cavalieri D’Oro, Co-Head of Investor Relations
Gianluca Fontanella, Co-Head of Investor Relations investors@finecobank.com


Key figures

Summary results 1H22 1H21
Total Financial Assets 102,804 € mln 101,431 € mln
Asset under management 50,789 € mln 51,399 € mln
Net sales 5,636 € mln 5,787 € mln
Customers 1,454,645 1,403,968
Employees 1,316 1,280
Personal Financial Advisors 2,887 2,731
Fineco Center 423 414
Main income statement results 30/06/2022 30/06/2021
Total revenues 464.0 € mln 403.4 € mln
Total revenues adjusted* 464.3 € mln 403.5 € mln
Cost income ratio 29.3% 31.3%
Cost income ratio adjusted* 29.3% 31.3%
Net profit 222.4 € mln 216.7 € mln
Net profit adjusted* 222.5 € mln 184.6 € mln
ROE 29.2% 27.6%
ROE adjusted* 29.3% 23.3%
* Figures net of non-recurring items
- 1H22: 0.3 million gross (€-0.2 million net) valuation related to the Voluntary Scheme fair value and write-off in 1Q22
- 1H21: Tax benefit arising from the tax realignment of goodwill carried out by FinecoBank, as provided for in Article 110 of Legislative Decree 104 of 2020, in the amount of €+32 million net in 2Q21

In the Media area you will find press releases and our articles that talk about us and our contacts. Journalists can contact us for any further information needed.

Contact area

Paola Spolini - Head of Identity & Communication
Welcome to the area reserved to journalists and media professionals. Here you can find all relevant articles and press releases about Fineco.
For any information, you can write to:
mediarelations@finecobank.com
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