Corporate Governance



After several years in the Accounting and Finance departments of multinational corporations, from 1993 to 2002, he was a manager of the Italian Securities and Exchange Commission (Consob) in charge of listed companies’ filings supervision. From 2002 to 2015, he worked at Centrobanca S.p.A. as Head of Capital Markets. Since 1993, Mr. Fumagalli has been a member of the Institute of Chartered Accountants and in 1995, joined the Register of Legal Auditors. He has lectured on Financial Market Techniques at Carlo Cattaneo LIUC University in Castellanza since 2003.
He spent a 15 year career in investment banking with focus on SMEs. He joined First Capital during the Initial Public Offering in 2010 and became CEO in 2013. In previous years he was partner and manager of the Spinnaker PE Investment Fund. Previously, he had professional experience as manager in M&A and Corporate Finance department of Banca Profilo.
Born in Brescia in 1974. In 1998 he graduated in Law at the University of Parma and in 2011 he got an MBA in Corporate Finance at the Bocconi University in Milan. He has an extensive experience of investment banking and private equity. He is also CEO of Total Leasing S.p.A. (Brescia) and Five Holding S.r.l. (Brescia).
Born in Firenze in 1967. He has a degree in Political Science at the University of Florence. He has developed his experience working as manager in productive factories and for many years cares about financial investments and private equity. Among manyoffices, he is the CEO of Ekamant Italia S.p.A. and XCapital S.p.A.. He is member of the Technical Committee of Fondo Toscana Innovazione.
Born in Firenze in 1941. At a very young age he started his own business and he has a long managerial experience also internationally. He became the only Italian distributorfor Ekamant AB products. In 1981 he acquired a relevant share and this was the beginning of a strong international expansion. In 1987, with other Florentine entrepreneurs, founded Toscana Finanza S.p.A., which deals with the arbitrage on NPL (non performing loans). After the IPO in Borsa Italiana stock exchange, Toscana Finanza was acquired and merged with Banca IFIS S.p.A. Nowadays, Next Holding S.p.A. is Andrea Manganelli’s Holding and includes many initiatives in Italy and worldwide.
Chairman of Torchiani S.r.l. and Master S.r.l., Director of Eurocomponents S.p.A., Sole Director of Strategy Invest S.r.l. and Vice President of Total Leasing S.p.A..
She has acquired extensive experience in assisting major Italian and international banking groups in all types of structured finance transactions such as acquisition and leveraged finance, corporate finance, project finance, public finance and infrastructure financing. Marina Balzano is a partner in Orrick’s Italian Banking & Finance team.


He has been Chartered Accountant since 1984 and Auditor since 1984. He has been Statutory Auditor of First Capital since may 2020.
Chartered Accountant and Legal Auditor, Mr. Ceravolo earned a Master Degree in Corporate Finance from SDA Bocconi. He is partner and CEO of Pigreco Corporate Finance, a company operating in the fields of M&A and Corporate Finance. He served as manager of the private equity funds Absolute Venture Sca and Abacus, and previously gained experience in the Merchant Bank of Intesa San Paolo S.p.A. and in KPMG S.p.A. He has been member of the Board of Statutory Auditors of First Capital since April 2017.
He has been Chartered Accountant since 2003. Chairman and member of the Board of Statutory Auditors in companies and entities belonging to different industrial and financial groups. He has been a Statutory Auditor of First Capital since May 2023


Vincenzo Polidoro

Marco Di Lorenzo

Renzo Torchiani