Paola Papanicolaou to head International Subsidiary Banks Division

Paola Papanicolaou has been appointed as the new Head of Intesa Sanpaolo’s International Subsidiary Banks Division, where she currently serves as Deputy Head. Effective July 1^st, 2024, she will succeed Marco Elio Rottigni, who will leave the Group following his appointment as Director General of ABI, the Italian banking association.

Papanicolaou’s expertise in key Group companies and her experience in technological innovation make her perfectly suited for this role. Her appointment underscores Intesa Sanpaolo's commitment to recognizing and promoting top managerial talent from within the organization.

Gaetano Micciché has been appointed Chairman of the Division and will also continue to serve as Chairman of the IMI Corporate & Investment Banking Division.

Additionally, a “Synergies Acceleration Task Force for the International Subsidiary Banks”, at the direction of CEO Carlo Messina and chaired by Stefano Barrese, has been established., This task force will suppprt Intesa Sanpaolo's international banks by:

• leveraging best practices from the Banca dei Territori and the IMI Corporate & Investment Banking Divisions
• enhancing collaboration in the wealth management sector
• strengthening digital and technological development to achieve more advanced operations across all countries in which the Group operates.

Intesa Sanpaolo’s International Subsidiary Banks Division operates on three continents, with retail banks in 12 countries (CEE area and Egypt), in addition to an asset management company in China. This extensive network currently serves 7.2 million customers, through close to 900 branches and a dedicated workforce of about 21,000 employees.