The current president of the European Banking Federation, Alessandro Profumo was born in Genoa, and since 1998 when UniCredit Group arose from “Credito Italiano” he has acted as its CEO. His birthplace, Genoa, is ‘arguably the original foundation site of the UniCredit group, where the San Giorgio Bank was established in 1407, developing, in mediaeval Italy, financial instruments that did not see the light again until the 20th century, such as interest rate swaps.
Profumo has had significant influence in the consolidation of the Italian banking sector. A former McKinsey partner, he was involved in the merger of HypoVereinsbank, Bank Austria Creditanstalt and Capitalia with the UniCredit Group.
As president of the European Banking Federation, Profumo, and his EBF secretary general Guido Ravoet are maintaining a close watching brief on the G20, Basle Commitee, and EU moves this autumn, which could prove decisive in many ways regarding the health of the European banks, and their ability to play a fully active part in the recovery.
In December 2005 he was appointed to chairman of the supervisory board of HVB. He has also served as member of the supervisory board of Deutschen B�rse in Frankfurt am Main, and director of Mediobanca in Italy.
Memberships of international organisations have included the European Financial Services Round Table, London; the Steering Committee of The Group of Thirty in New York; Italian group of Trilateral Commission; Investment Advisory Council for Turkey in Istanbul; Management Committee of the Harvard Business School European Advisory Board, Boston, Mass. He is currently President of the European Banking Federation – Brussels, Member of the International Monetary Conference – Washington, and Member of the Institut International d’Etudes Bancaires – Brussels.
Profumo has had significant influence in the consolidation of the Italian banking sector. A former McKinsey partner, he was involved in the merger of HypoVereinsbank, Bank Austria Creditanstalt and Capitalia with the UniCredit Group.
As president of the European Banking Federation, Profumo, and his EBF secretary general Guido Ravoet are maintaining a close watching brief on the G20, Basle Commitee, and EU moves this autumn, which could prove decisive in many ways regarding the health of the European banks, and their ability to play a fully active part in the recovery.
In December 2005 he was appointed to chairman of the supervisory board of HVB. He has also served as member of the supervisory board of Deutschen B�rse in Frankfurt am Main, and director of Mediobanca in Italy.
Memberships of international organisations have included the European Financial Services Round Table, London; the Steering Committee of The Group of Thirty in New York; Italian group of Trilateral Commission; Investment Advisory Council for Turkey in Istanbul; Management Committee of the Harvard Business School European Advisory Board, Boston, Mass. He is currently President of the European Banking Federation – Brussels, Member of the International Monetary Conference – Washington, and Member of the Institut International d’Etudes Bancaires – Brussels.