Governance
Independent asset manager, with a stable and diversified institutional shareholder base
F2i has adopted high governance standards for the asset management industry and has adhered to solid principles of independence, integrity and transparency.
F2i's shareholding structure and governance guarantee the company continuity, stability, independence and alignment of the interests of management with those of investors.
F2i has been registered since July 2007 at number 247 of the register of asset management companies with the Bank of Italy. Since 29 April 2015, as authorized by the Bank of Italy pursuant to AIFMD regulations, it has been registered at no. 101 of the Asset Management Company Register, AIFM section.
The Board of Directors of F2i is composed of Matteo Melley (Chairman), Renato Ravanelli (Chief Executive Officer), Marika Arena, Bernabò Bocca, Diego Buono, Franco Dalla Sega, Filippo Franchetti Rosada, Elisabetta Gardini, Emilio Giorgi, Antonella Mansi, Valter Militi, Cristina Pilone, Giovanni Quaglia, Fiorenza Resta and Giacomo Spissu.
The Board of Directors of F2i has established three Board Committees, most recently with a resolution of 8 May 2025: the Appointments Committee, the Remuneration Committee and the Control, Risk and Sustainability Committee. Each of the three committees is composed of three members, most of whom are independent and ensuring gender balance.
The Board of Statutory Auditors of F2i is composed of: Maurizio Andres (Chairman), Anna Rita de Mauro (Standing Auditor), Simona Bonomelli (Standing Auditor), Pina Murè (Alternate Auditor) and Marco Rubatto (Alternate Auditor).
The Investment Committee is responsible for examining and evaluating the investment and divestment proposals submitted by the management of F2i and for formulating an opinion on each proposal before it is submitted to the Board of Directors for approval. Each fund has an investment committee, consisting of a minimum of 5 and a maximum of 9 members; external members are appointed by the F2i Board of Directors among professionals with at least three years' experience in the infrastructure, financial or investment sectors.
The corporate control functions that report to the Board of Directors of F2i:
- Risk management: the head of the Risk Management function is Massimo Niccolai, Partner.
- Compliance and anti-money laundering: Francesca Corlito is responsible for compliance and anti-money laundering functions.
- Internal audit: Gianmarco Maffioli (Rbyc S.r.l. – Refink powered by Consilia) is in charge of the function
On the subject of controls and in accordance with the provisions of Legislative Decree 231/01, the Board of Directors appointed, most recently by resolution of 8 May 2025, the supervisory body responsible for supervising the operation and compliance with the organisation and management model pursuant to Legislative Decree 231/2001. The supervisory body is composed of Stefania Chiaruttini (Chairman), Rita Ciccone (Head of the Regulatory, Legal and Corporate Area) and Gianmarco Maffioli (Head of the Internal Audit Function).
Any reports to the Statuary Board must be sent to the following email address: OdV@f2isgr.it.
The Data Protection Officer is Avv. Ivan Rotunno.
The Whistleblowing Procedure adopted by F2i is available in the section called "Ethics and Organisation, Management and Control Model". The link to the F2i Platform for sending reports is available in the Procedure (p. 8).
Ethics and model of organization, management and control
All equity funds, with the exception of Fund VI, have two committees, the advisory committee and the conflicts committee, in which investor representatives participate according to the rules of each fund. The debt fund is equipped with the sub-fund advisory committees and the fund's advisory committee, in which investor representatives participate according to the regulations.
Composed of authoritative representatives of the Italian and international industrial and financial world, appointed by investors on the basis of the regulations of each fund. The advisory committee expresses its opinion in some cases provided for by the Fund regulations, also in support of management policies. In certain cases, the opinion is mandatory and binding, such as in the case of the replacement of a key manager, the overcoming of certain concentration constraints concerning the Fund's investment policy and certain situations of potential conflict of interest.
Composed of three members of the advisory committee, the Conflicts Committee is called to express binding opinions on transactions in conflict of interest that do not fall within the competence of the advisory committee.