PAOLO SCORDINO APPOINTED AS NEW BOARD MEMBER
- THE MAJORITY OF BOARD MEMBERS ARE INDEPENDENT DIRECTORS
Milan, 24 April 2013 – The Ordinary Shareholders' Meeting of Prelios Società di Gestione del Risparmio S.p.A., held on today's date, appointed Paolo Scordino as new Board Member.
The Board of Directors of Prelios SGR is today composed of 6 members the majority of whom, i.e. four Board members, are independent Directors.
Paolo Scordino, graduated in Economics at Università La Sapienza of Rome, earned a Master Degree in Business Administration in the United States and worked for Harvip Investimenti, where he held the office of Vice-President with powers for business development. In the past Scordino covered the role of “Asset Manager” and “Business Development and Fund Raising Manager” in IdeaFimit Sgr, a company in which he had already worked as “Strategies and Development Manager” from 2004 to 2007. From 2007 to 2010, Paolo Scordino held the office of CEO in another asset management company, Zero Sgr.
Following to today’s appointment, Prelios SGR Board of Directors is composed as follows:
- Alberto Rossetti (Chairman and Independent Director)
- Valter Lazzari (Deputy Chairman and Independent Director)
- Enrico Cantarelli (Independent Director)
- Pietro Mazzi (Director)
- Umberto Tombari (Independent Director)
- Paolo Scordino (Director)
As established by the previous Shareholders’ Meeting and announced on 20 October 2011, Prelios SGR Board of Directors shall hold office until the Shareholders’ Meeting called for the approval of the financial statement as at 31 December 2013.
The curriculum vitae of Paolo Scordino is available on the Company website at www.preliossgr.com.
Prelios SGR is one of the leading real estate fund management companies in Italy. Its assets under management reach a value of about 4.3 billion euro (at 31 December 2012), with currently over 20 funds. Approximately 35% of funds investors are financial institutions, nearly 25% are corporate clients and the residual part includes foundations and pension funds, insurance companies, public entities and retail unitholders. Prelios SGR manages about 1,250 properties, primarily located in Milan and in the province of Milan (23%), in Rome and in the province of Rome (22%) and in Turin (10%). The asset classes most representative of its properties under management are offices (41%), telephone exchanges (25%), retail (20%), retail & entertainment (18%), industrial and logistics (6%) and residential (about 5%) properties.