17, Piazza Cavour, Rome, 00193, Italy (Office) Managing Director at Arpinge SpA (and member of the Board of Directors).

Transcription

1 1. PERSONAL INFORMATION Federico Merola 17, Piazza Cavour, Rome, 00193, (Office) Sex Male Date of birth 03/04/1964 Nationality Italian : MA (Hons) in Economics at LUISS University, Rome () Thesis on liberalization of capital movements and optimal currency areas. 1993: Qualified as Chartered Accountant (Member of the Order of Chartered Accountants in Rome). 1999: Qualified as Auditor (Registro dei Revisori Contabili Register of Auditors). 2. PROFESSIONAL Current Positions: EXPERIENCE Since 2013 Managing Director at Arpinge SpA (and member of the Board of Directors). Responsible for the conception, start-up and management of Arpinge, an equity investor launched with three Italian pension funds (with total AUM of 13 bn) and focusing on Infrastructure. Since 2016 Since 2016 Since 2017 Since 2017 Adjunct Professor at LUISS University and International Finance Lecturer within the Department of Business and Management ( ). Independent Board Member at SACE SpA, the Italian Export Credit Agency owned by Cassa Depositi e Prestiti (CDP), also Chairman of the Related Party Transactions Committee and Member of the Risk Committee. Board Member at Fondazione Astrid (high-qualified Italian think thank focusing on major political and economic topics, with more three hundred professors, researchers and specialists). Appointed as Independent Expert in the High-Level Task Force on Social Infrastructure (ELTF-SI) set up by European Long-Term Investors Association (ELTI). Previous Positions: From 2012 to 2013 Freelance involved in the setting up of three innovative initiatives: Arpinge SpA, (current commitment, see above); The Italian Energy Efficiency Fund (approved by EIB): As promoting partner of the initiative, contributed to the conception and structuring of a vehicle dedicated to equity investments in Energy Efficiency in, consistent with EU policies and EIB criteria. Project Approved by EIB on the 15 th of April Role renounced due to conflict of interest with 1

2 Arpinge; Impresa Italia: As partner of the initiative, together with the management team of a PE managing company called Riello SGR. Contributed to the conception and structuring of the first Italian private debt fund dedicated to Italian SMEs. Fund approved by Bank of and participated by CdP Debt Fund of Funds. Role renounced due to conflict of interest with Arpinge. Private; Asset Management in alternative funds/investment companies From 2010 to 2012 General Director at ANCE the Italian National Association representing all local Construction Companies. Member of the Executive Committee. Responsible for managing the full activity of the Association, including institutional and lobbyist matters as well as a prestigious research department. The role of General Manager regulated and protected by the Association s By- Law also included full responsibility of personnel as well as coordinating the widespread local network of ANCE. From 2010 to 2012 Also involved as Advisor at a senior level in the structuring and Fund Raising Funds in: 1, the First Italian Special Purpose Acquisition Company ( SPAC ), launched at the beginning of 2011 with 140m raised, invested in IVS ( Vendor Machines ) currently listed on the Italian Stock Exchange. European Opportunity Fund ( EOF ), a private debt pan-european fund launched by Roland Berger s management company (BLM, also involved in 1 participated by EIF, part of EIB Group). Private; Asset Management in alternative funds/investment companies From 2007 to 2010 Senior Partner at F2i SGR - Member of various Boards of Directors (i.e. F2i Reti Gas and HFV - renewables). Active in structuring the initiative; managing the fund raising effort (in and Overseas) and responsible for originating and managing the Fund s participations. Member of the Board of Directors in F2i Reti Gas and HVB (renewables). F2i is the largest Italian PE investment fund specialising in operating Infrastructure ( 1,8b raised) as well as one of the biggest infrastructure funds on the international markets dedicated to one single country. Private; Private Equity, Asset Management; Infrastructure (international fund raising) From 2005 to 2007 Managing Director at REAM SGR (and Member of the Board of Directors). Responsible for setting up a managing company active in Real Estate closed end Funds currently owned by several prestigious Italian institutional investors (including Fondazione CRT). REAM SGR was the first Italian RE Managing Company to explore investments in Infrastructural assets. Private; Asset Management; Real Estate & Infrastructure 2

3 From 2002 to 2007 Freelance project manager/advisor to various private equity and Real Estate Projects, including: Advisory to the Municipality of Turin for the establishment of the City of Turin RE Fund ( 130m); Advisory to the Sicilian Region for the FIPRS (Region of Sicily Public Real Estate Fund - 263m). Public; Asset Management; Real Estate From 1999 to 2001 General Director at Fimit SGR. Responsible for structuring and launching one of the first Italian RE managing companies and the first Italian Real Estate fund set up with contribution of public assets (Alpha Fund- 250m). Fimit SGR is currently the biggest Italian RE managing company. Private/Public; Asset Management; Real Estate & Infrastructure From 1996 to 1999 Director at Mediocredito Centrale ( MCC ), International PF Department. Responsible for originating, arranging and syndicating major international project financing transactions (project arranged for more than 10b), structured as ECAs multisourced PF Facilities. Special focus on the Oil&Gas sector with major assignments in Eastern Europe and Middle/Far East. MCC used to act as arranging bank and SACE agent. Relationship with IFC and EBRD for projects in Eastern Europe. Private; Banking & PF; Infrastructure, Oil&Gas Overseas (Middle East; Eastern Europe; Far East) From 1994 to 1996 Senior Manager at J. Henry Schröders, International PFD (seconded). Selected by the IFM (World Bank Group) and J.H.Schröders for a secondment, opted for Schröders and spent more than one year within the International Project Finance Department. Extensive responsibilities in structuring international deals with additional focus on developing Schroders business in. At that time Schroders was one of the international leading investment bank acting as a pure advisor on PF transactions worldwide It was also advisor to the UK Treasury for the PFI Programme. Private; Banking & PF; Infrastructure Uk & Overseas From 1993 to 1994 Senior Manager at MCC; Project Finance Department Selected as member of the initial small team setting up the PFD at MCC. In this capacity, held responsibilities related to the structuring of the office; the set-up of relevant procedures as well as the development of the business activity. Private; Banking & PF; Infrastructure; PPP & Overseas 3

4 From 1991 to 1993 From 1988 to 1991 Manager at MCC on staff to the Chairman of the Bank. Responsible for assisting the top management of the bank in the transformation of MCC into a solid and leading Financial Institution, with special focus on the new business plan and major innovation initiatives like private equity (Sofipa SGR), PF, RE funds, credit funds, etc. Also responsible for research on these subjects. Public/Private; Investment Banking Analyst at Mediocredito del Lazio on staff to the Chairman of the Bank. 3. UNIVERSITY DEGREE From 1983 to 1989 MA (Hons) in Economics at LUISS University, Rome (). Thesis on liberalization of capital movements and optimal currency areas. 4. LANGUAGE SKILLS Mother tongue(s) Italian Other language(s) English COMPREHENSION SPEAKING WRITING Level: C1 Level: C1 Level: C1 Spanish Level: A2 Level: A2 Level: A2 Levels: A1/2: Basic user - B1/2: Independent user - C1/2 Proficient user Common European Framework of Reference for Languages 5. ADDITIONAL INFORMATION Independent Board Member of pre-eminent financial institutions, meeting the requirements enacted by the Bank of. Well-experienced in the role of independent board member in asset management companies. Positions covered included: : Independent Board Member at Geoweb (Sogei 100% Ministry of Economy and Finance, MEF ); : Independent Board Member at Invimit SGR (100% MEF); : Independent Board Member and Chairman of the Independent Directors Committee at BNP Paribas REIM SGR Spa; From 2007 to 2008: Member of the Committee of Experts set up by the European Commission in Brussels to work on the harmonisation of the legal framework of the EU Member States relating to closed-end real estate investment funds (Experience in EU policy on RE Funds). 4

5 Member of various scientific committees and Think Tanks, including, among others, Nomisma and Assoimmobiliare; From 1997 to 1998: Member of the Frankfurt Club set up in order to restructure the debt of the former Soviet Union towards private entities. Nominated by MCC, acting on behalf of the Italian banking System. From 1989 to 1993: General Manager at the Istituto per la Nuova Finanza sul Territorio, a non-profit association established by pre-eminent professionals and institutions of the Italian Finance & Business field aiming at promoting project financing in. Honours and awards Memberships 1993: Qualified as Chartered Accountant (member of the Order of Chartered Accountants in Rome); 1999: Qualified as Auditor (Registro dei Revisori Contabili - Register of Auditors). Academic Roles Adjunct Professor at LUISS University and International Finance Lecturer within the Department of Business and Management ( ). Professor in Economic Statistics at the Department of Economics, University of Viterbo ( ). Lecturer on annual contract in Export-Project and International Structured Finance, MBA Course at LUISS University ( ). Papers and Research focusing on Financial Innovation (Closed-end funds, Private Equity, Private Debt; Project financing; Real Estate funds); Security System and Pension Funds; Credit and Capital Markets. A Selection of: Publications Presentations Conferences Seminars (see also the attached Annex A) Publications edited by Edizioni del Sole 24 Ore, Franco Angeli, Il Mulino and Luiss University Press on Infrastructure, Real Estate Funds, Project Finance, Pension Funds, Banks and Capital Markets. From 2003 to 2006: frequent cooperation in the capacity of independent expert with the following Italian newspapers: Il Sole 24 Ore, Il Corriere della Sera and other newspapers and specialized magazines. From 2002 to 2008: collaboration as professor/lecturer with several Italian universities on the following themes: Finance, Economic Statistics, Real Estate, Infrastructure and Project Finance. 5