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The partner of Italian companies that internationalize

SIMEST is the company in the Cassa Depositi e Prestiti Group which since 1991 has supported the growth of Italian companies through the internationalisation of their activities. It is 76% controlled by SACE and is invested in by leading Italian banks and business associations.

Together with SACE, SIMEST represents the Export and Internationalisation Hub of the CDP Group, which brings together all the instruments to support Italian companies that wish to compete and grow internationally.

SIMEST, in particular:

Supports the company through their whole expansion cycle abroad, from the initial assessment of opening up to a new market, to expansion through direct investment. It operates through loans aimed at internationalisation, export credit support and capital investment.

A partner to the main global financial institutions, it operates with EU Funds and adheres to the EDFI (European Development Financial Institutions) network.


We work to support Italian companies in their internationalisation journey, while respecting the values of commitment and transparency.

The Board of Directors leads and directs the activities of SIMEST with the support of the corporate bodies, including the Board of Statutory Auditors, the Supervisory Body and the Director from the Court of Auditors.

The Management Team defines and implements the operational plans, leveraging the everyday work to implement projects and visions.

Board of Directors and corporate bodies

Board of Directors

Born in Rome in 1955, he is married with four children.

After graduating in Economics and Commerce at La Sapienza University in Rome, he studied international economics at Columbia University in New York and at the Institut de Hautes Etudes Internationales in Geneva, and he completed a Master in Business Administration at Columbia University.

In 1982 he joined the Bank of Italy where he worked in the Study Service department and from 1986 to 1988 he moved to the International Monetary Fund in Washington as Assistant to the Executive Director for Italy.

From 1988 to 2003 he returned to the Bank of Italy where he held various positions in Rome and Paris. From 2003 to 2006 he was Chairman of the Board of Directors of Cassa Depositi e Prestiti S.p.A. From 2007 to 2009 he was Chairman of the Board of Directors of F2i S.g.r. and from 2009 to 2016 he was a member of the Italian Anti-trust Authority (AGCM).

Born in Rome in 1969.

She graduated in Economics and Commerce from LUISS University in Rome and has broad experience in the international business finance sector. She started her career in 1995 in Mediocredito Centrale, where she held managerial positions for 10 years in the Project Financing sector for international projects in Europe and in emerging markets. She has been in SACE since 2005, and took on increasingly senior roles until becoming first Chief Business Officer and then Chief Marketing & Underwriting Officer.

She is a director of SACE FCT.


Ilaria Bertizzolo joined CDP in May 2019 as Head of Coverage Large Corporates, and was subsequently appointed Board Member of SACE S.p.A., Simest S.p.A., CDP Equity and FSI Investimenti S.p.A.

Ilaria was formerly Head of NatWest activities in Italy. Before that, she was Head of Corporate Debt Capital Markets for ABN Amro in Italy since joining the Group in 2001 and, following the merger, held the same role in Royal Bank of Scotland until she took the responsibility of the Corporate business in the country in 2012. Previously, Ilaria was Head of DCM in for UBM in Milan, coming from a five-year experience as Fixed Income Analyst in the Research Department of Caboto SIM.

After graduating with honors in Political Sciences at Alfieri University in Florence, Ilaria completed her Master in Economics at Bocconi University in Milan, and obtained her MSc degree in Finance (LBS/Bocconi) during her early working years.

Antonella Baldino is Chief Business Officer of Cassa Depositi e Prestiti, member of the Board of Directors of SACE, SIMEST, Istituto per il Credito Sportivo and FINTECNA, and Deputy Chairwoman of Eltia (European Long-Term Investors Association). With a degree in economics and commerce and a Master degree in international economics, she has gained broad experience in the structuring and management of financial instruments and extraordinary operations both at the Ministries of Economic Development and of the Economy and Finance, where she was a member of the Board of experts in the Treasury Department, and at leading banks such as Unicredit, Capitalia and Mediocredito Centrale. Previously she gained experience abroad at the World Bank and UNCTAD.

Board of Statutory Auditors

Daniele Discepolo Chairman Auditor

Laura Guazzoni Standing Auditor

Carlo Hassan Standing Auditor

Livio Domenico Trombone Deputy

Daniela Frusone Deputy

Supervisory Board

Antonio Bertani Chairman

Mara De Paola Member

Ugo Lecis Member

Acting representative of the Court of Auditors

Pio Silvestri Director

Management team

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Office address


Registered office

Corso Vittorio Emanuele II, 323 - 00186 Roma

Rome Companies Register, Tax Code and VAT no. 04102891001

Share capital: € 164.646.231,88 i.v.. Company subject to management and coordination of SACE Spa (based in Rome Tax Code and VAT no. 05804521002).

Key Documents