July 22, 2024

Paola Papanicolaou Elected As New Head of Intesa Sanpaolo’s ISBD

Facebook
Twitter
LinkedIn
Paola Papanicolaou is the new head of Intesa Sanpaolo’s International Subsidiary Banks division (ISBD). Intesa Sanpaolo establishes ‘Synergies Acceleration Task Force For The International Subsidiary Banks’
Paola Papanicolaou is the new head of Intesa Sanpaolo’s International Subsidiary Banks division. Image Courtesy-Intesa Sanpaolo

Paola Papanicolaou is the new Head of Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD). She replaces Marco Elio Rottigni who leaves the Group following his appointment as Director General of ABI, the Italian banking association.

Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD) Logo
Intesa Sanpaolo’s Bank Logo

According to Industry sources, Paola Papanicolaou, previously Deputy Head of the International Subsidiary Banks Division, assumes now the responsibility being perfectly suited for the role due to her expertise in key Group companies and her experience in technological innovation. She joined the Intesa Sanpaolo Group in 2015 and her appointment highlights Intesa Sanpaolo’s commitment to recognizing and promoting top managerial talent from within the organization.

Industry sources added that the Group established the “Synergies Acceleration Task Force for the International Subsidiary Banks” to promote interdivisional synergies. The newly established Task Force will help Intesa Sanpaolo’s international banks benefit more from the best practices of the Banca dei Territori (the Division in charge of Intesa Sanpaolo’s retail banking) and the IMI Corporate & Investment Banking Division. Additionally, collaboration in the wealth management sector, a key strength of Intesa Sanpaolo, will be further enhanced. The digital and technological development will also be strengthened in the foreign subsidiaries, aiming for more advanced operations in all the countries in which the Group operates.

Industry sources also added that The International Subsidiary Banks Division contributes significantly to Intesa Sanpaolo’s profitability, accounting for nearly 14% of the Group’s net income in the first quarter of 2024. ISBD 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.

Source

Share.

RELATED POSTS

Ammar Al-Safadi, Housing Bank’s CEO, and From his part, Co-founder and CEO of ProgressSoft, Michael Wakileh
Housing Bank and ProgressSoft join forces
J.P. Morgan Payments selects Network International as strategic partner to drive payments acquiring in the Middle East
J.P. Morgan Payments collaborates with Network International
QFC launches Digital Assets Lab, powered by QCB
QFC launches Digital Assets Lab, powered by QCB
  • logo banner warba
  • Mutual Trust Bank Plc
  • Ahli United Bank

LATEST POSTS

Representational Image
CEO Alan Masarek to Retire at Year End; Current Board Chair Patrick Dennis Named CEO. Company Emphasizes Consistency in Strategic Direction and Commitment to Customers
Ahli United Bank - Egypt signs cooperation agreement with USAID's Business Egypt Program funded by USAID and implemented by DAI.
ADNOC and Nafis to create 13,500 new private sector jobs opportunities for UAE nationals by 2028.This new agreement will take the total private sector jobs created by ADNOC to 25,000 across its supply chain by 2028