About Us

THE FIRM

Broad visions. Innovative solutionsTimely actions.

Broad visions. 
Innovative solutions
Timely actions.

Phinance partners is a higH-profile advisory firm active in SELECTED segments of the financial industry

Phinance partners is a higH-profile advisory firm active in SELECTED segments of the financial industry

Phinance partners is a higH-profile advisory firm active in SELECTED segments 

of the financial industry

Origination and structuring of credit opportunities and solutions
Strategic Solutions for Private and Institutional Investors

Advisory on Public Sector Finance and Tax Credit solutions

Origination and structuring of credit opportunities and solutions

Strategic Solutions for Private and Institutional Investors

Advisory on Public Sector Finance and Tax Credit solutions

The Firm and its partners have extensive experience in a wide range of structured finance transactions across all sectors, often introducing innovative solutions to the market. We advise originators, senior lenders, mezzanine and junior investors on a wide range of products and asset classes. 

The Phinance Team, based in our Milan and Rome offices, is made up of professionals with complementary backgrounds to maximise value for clients in each of the Company’s areas of expertise.

Phinance’s model is based on cooperation with other players: we team up with experts in specific sectors to provide the financial structuring of deals, and sourcing the optimal investor for each risk reward measure and profile. Having worked with all types of investors, we are able to present opportunities with the type of analysis such investors’ demand. 

We strongly believe in interest alignment, from co-investment schemes, typically by Phinance and by its technical partner, to merit oriented compensation schemes for the team. 

PHIRE is our provider of real estate and technical advisory services to banks, real estate asset managers and operators. 

NPR Management is our control room for the collection of non-performing assets such as receivables or loans, on behalf of third-party investors. It originates, jointly with Phinance Partners, investment opportunities in non-performing assets.

The Firm and its partners have extensive experience in a wide range of structured finance transactions across all sectors, often introducing innovative solutions to the market. We advise originators, senior lenders, mezzanine and junior investors on a wide range of products and asset classes. 

The Phinance Team, based in our Milan and Rome offices, is made up of professionals with complementary backgrounds to maximise value for clients in each of the Company’s areas of expertise.

Phinance’s model is based on cooperation with other players: we team up with experts in specific sectors to provide the financial structuring of deals, and sourcing the optimal investor for each risk reward measure and profile. Having worked with all types of investors, we are able to present opportunities with the type of analysis such investors’ demand. 

We strongly believe in interest alignment, from co-investment schemes, typically by Phinance and by its technical partner, to merit oriented compensation schemes for the team. 

PHIRE is our provider of real estate and technical advisory services to banks, real estate asset managers and operators. 

NPR Management is our control room for the collection of non-performing assets such as receivables or loans, on behalf of third-party investors. It originates, jointly with Phinance Partners, investment opportunities in non-performing assets.

TEAM

Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.

Albert Schweitzer

Alessandro Mitrovich

Honorary Board Member

Since 2011

PHINANCE PARTNERS S.p.A., Board Member

2001 – 2010

RBS, The Royal Bank of Scotland Plc, Global Banking and Markets, Regional Executive Italy, Greece, Romania, Egypt and Iberia

1986 – 2000

JP Morgan Chase, Head of Investment Banking Italy and Senior Country Officer

1974 – 1985

First Chicago Bank, Head of Capital Markets, Italy and Greece

1971 – 1973

Arthur Andersen & Co., Associate

Additional information:

University of Rome La Sapienza
, graduated in Economics and Finance

ENRICO CANTARELLI

Managing Partner, Structured Finance

Since 2011 

PHINANCE PARTNERS S.p.A., Managing Partner

2006 – 2010

RBS, The Royal Bank of Scotland Plc, Global Banking & Markets, Managing Director, Head of Financial Institutions & Public Sector Italy & Greece

2002 – 2006

Italian Treasury, Member of the Advisory Board, in charge of asset disposals and structured finance transactions

1995 – 2002

Banca IMI, Co-Head of Debt Capital Markets

1992 – 1995

The Chase Manhattan Bank, Rome, New York and Milan branches, Vice President

1988 – 1992

Alitalia S.p.A., Financial Department, Long term funding & leases

Additional information:

2021 – 2023 LUISS Alumni Association Deputy Chairman (2021-2023)

2021 – 2023 Fondazione Cariplo Board Member in charge of asset management

Special Friends of UNHCR, Board Member (since 2020)

Fondo Diamond, Investire SGR, Chairman of the Advisory Board (since 2016)

Banca Progetto S.p.A., Independent Board Member (2015 – 2021)

Prelios SGR, Independent Board Member (2011 – 2014)  

PIERFRANCESCO DE MARTINO

Partner, Special Situations / Real Estate

Since 2021 

PHIRE S.r.l., Chairman

Since 2011

PHINANCE PARTNERS S.p.A., Partner

2014 – 2016

TIM S.p.A., Senior Vice President, Head of Real Estate Division, CEO of TIM RE S.r.l., CEO of Olivetti Multiservices S.r.l., CEO of Alfiere S.r.l.

2007 – 2010

RBS, The Royal Bank of Scotland Plc, Global Banking & Markets, Senior Banker, Co-Head of Corporates Italy and Head of Rome Branch

2001 – 2007 

CAPITALIA S.p.A. (today UNICREDIT S.p.A.), Large Corporates, Global Relationship Manager

1994 – 2000    

MEDIOCREDITO CENTRALE S.p.A., Project Finance Dept., Vice President and Head of Infrastructure and Telecom

1988 – 1993

BANCO DI ROMA S.p.A., Commercial banking, Management Training Program

Additional information:

University of Rome La Sapienza, Graduated in Political and International Sciences 

LUCA MORELLO

Partner, Private Debt / Structured Finance

Since 2013

PHINANCE PARTNERS S.p.A., Partner

Since 2014

T3 S.r.l., Advisor to TRE Fund/Trinity Fund, CEO

2008 – 2012

RBS, The Royal Bank of Scotland Plc, Global Banking & Markets, London branch, Managing Director and Head of Italian Equity Derivatives and Structured Products

1998 – 2007

ABN AMRO BANK NV, London branch, Executive Director and Head of Italian Equity Derivatives and Structured Products

1994 – 1997 

BZW Securities Ltd (Barclays de Zoete Wedd), London branch, Head of Italian Equity Derivatives, Executive Director

Additional information:

University of Rome La Sapienza, Graduated cum Laude in Economics and Business

University of Rome Luiss Guido Carli, Master Corporate Investment Banking, Contract Professor in Financial Markets/Securitizations (since 2019) 

MARCO SANTARCANGELO

Partner, Public Sector / Tax Credit

Since 2019

PHINANCE PARTNERS S.p.A., Partner

Since 2015

FMS Wertmanagement AoR, Deputy Rome branch Manager, Director

Since 2000

DEPFA BANK Plc, Deputy Manager, Rome branch, Managing Director

1996-1998

GOLDMAN SACHS International, London branch, Operations Dept.

1994-1996

Guardia di Finanza, Second-lieutenant

Additional information:

University of Rome Tor Vergata, Graduated in Economics & Business

Riccardo Schera Vanoli

Partner, Structured Finance

Since 2023

NPR Management CEO

Since 2015

PHINANCE PARTNERS S.p.A., Partner

2013 – 2015

Barclays Investment Bank, Structured Finance

2013 – 2012

S&P Capital IQ, Structured Finance

2011

RBS, The Royal Bank of Scotland Plc, FI Structured Finance

2007 – 2010 

Deutsche Bank, Finance, Models & Methodology Group, Structured and Securitised Products

2002 – 2007

Talete Creative Finance, Structured Finance

Additional information:

University of Milan Bocconi, Economics and Finance 

Paolo Frugis

Senior Advisor

Since 2024

Phinance Partners, Milan – Senior Advisor 

2017-2024

UniCredit, Milan – Advisory & Capital Markets, Managing Director

2014-2017

HSBC, London – Leveraged & Acquisition Finance, Director

2010-2014

Bank of America Merrill Lynch, London – EMEA Leveraged Finance, Vice President

2008-2010

Zukerman Investments, London – Equity Investments, Energy & Infrastructure, Vice President

2008-2010

Zukerman Investments, London – Equity Investments, Energy & Infrastructure, Vice President

2006-2008

Deutsche Bank, London – EMEA Leveraged Finance

2003-2006

The Royal Bank of Scotland, Milan – Project Finance

Additional information:

LUISS Guido Carli, Graduated in Business Administration

NICOLA BONOMETTI

Associate, Structured Finance

Since 2021

PHINANCE PARTNERS S.p.A., Structured Finance Associate

2019 – 2021

E*finance consulting Reply, Consultant (from COSTA Consulenza Strategia Talenti)

Additional information:

University of Brescia, Master’s degree in Finance & Risk Management

University of Brescia, Bachelor’s degree in Business and Administration

ROBERTO DI SANTO

Associate, Structured Finance

Since 2022 

PHINANCE PARTNERS S.p.A., Structured Finance Associate

2021-2022

Master Gardant S.p.A., Securitisation Team, Calculation Agent

2019-2021 

Credito Fondiario S.p.A.,  Securitisation Team, Calculation Agent

Additional information:

Luiss Business School of Rome, Master’s degree in Corporate Finance & Banking

University Milano Bicocca, Bachelor’s degree in Economia delle banche, assicurazioni e intermediari finanziari

CRISTIANO EGIDI

CEO, PHIRE

Since 2021

PHIRE S.r.l., CEO and Founder

2019 – 2020

KROLL S.p.A. (Duff & Phelps REAG S.p.A.), Transaction Advisory, CEO

2017 – 2019

Duff & Phelps REAG S.p.A., Corporate Real Estate Finance & Special Projects, Managing Director

2016 – 2017

REAAS UK Ltd., Real Estate Asset & Assurance Service, Managing Partner

2010 – 2015 

PROTOS S.p.A., Head of Real Estate

2007 – 2010

DTZ Italia S.p.A. (now Cushman & Wakefield), Advisory & Valuation, Associate Director

2006 – 2007  

PRAXI S.p.A., Business Unit Real Estate South Italy Director

2002 – 2006

Free lance Architect

1997 – 2000

Italian Air Force, Lieutenant

 

Additional information:

RICS (Royal Institution of Chartered Surveyors), Fellow Member (FRICS)

Architects’ Register of Rome, Registered at n.15126

University of Rome La Sapienza, Master degree in urban recovery feasibility projects valuation

University of Rome La Sapienza, Graduated in Architecture

FRANCESCO BRUSCHI

Senior Associate, PHIRE

Since 2021 

PHIRE S.r.l., Senior Associate

2019 – 2021

Duff & Phelps S.p.A., Technical services Dept., Consultant

2015 – 2017

CNR-IGAG, Technical Consultant

Additional information:

University of Rome La Sapienza, Master’s degree in Environmental Sciences and Geophysics

University of Rome La Sapienza, Bachelor’s degree in Natural Sciences

ALESSIO FLESIA

Manager, PHIRE

Since 2023 

PHIRE S.r.l., Manager

Since 2006 

Studio Tecnico, Consultant 

2017 – 2023 

REbuilding S.r.l., Valuation Area, Area Manager

2015 – 2017

3BA Group S.r.l., Project Manager, Senior Valuer

2014 – 2015 

ITALY RE S.r.l., Project Manager, Senior Valuer

2007 – 2014 

REAG S.p.A., Project Manager, Valuer

Valentina Vannoli

Analyst, PHIRE

Since 2024

PHIRE S.r.l., Analyst

2021-2024

Bio Home Investments S.r.l., Technical services Dept.

2020

BIMon S.r.l., BIM MEP Specialist

Additional information:
University of Rome La Sapienza, degree in Building Construction and Architectural Engineering

Clemente Reale

Chairman, NPR Management

Since 2024

NPR Management Chairman

2015 – 2022

UNIREC, Member of the Board, Deputy Chairman

2014 – 2022

Hoist Finance, Italy Country Manager, Executive Management Team

1991 – 2014

TRC SpA, Chairman and CEO

1986 – 1991

Diners Club d’Italia, Head of Marketing

STEFANO SESTILI

Managing Director, NPR Management

Since 2019

NPR Management S.r.l., Managing Director

2010 – 2019

Euro Service S.p.A., Credit Collection Managment / NPL Business Unit, Manager

2009 – 2010

Lottomatica S.p.A., Logistics and Accounting Officer

2008 

COMDATA CARE S.p.A., Poste Technical Division, Account Manager

2007 

 TIM S.p.A., MNP Business Unit, Account manager

Additional information:

University of Rome Tor Vergata, Graduated cum laude in Literature and Philosophy

CLAUDIO GALLO

Manager, NPR Management

Since 2022 

NPR Management S.r.l.,  Portfolio Manger

2020 – 2022

Phoenix Asset Management S.p.A., Asset Manager

2015 – 2020

Euro Service S.p.A., Pre-legal Department, Manager

2013 – 2015

Euro Service S.p.A., Field Collection Network, Manager

1999 – 2012

Società Italiana Gestione Crediti S.p.A., Credit Manager

Ilaria Amoroso

Associate, NPR Management

Since 2021

NPR Management Srl, Collection management support

2018 – 2020

Fondazione per l’UNICEF, Team Leader collection

2010 – 2018

Euroservice Group S.p.A. 

  • Telephone debt collector
  • Collection support
  • Team Leader collection

SANDRINE GREGORI

Assistant / Office Manager

Since 2012 

PHINANCE PARTNERS S.p.A., Office Manager

1997 – 2012

Studio Legale Grimaldi & Associati, Office management, Assistant

1996-1997 

Studio Legale Ughi e Nunziante, Assistant