Alessandro Profumo, current CEO of Leonardo S.p.A. (formerly Finmeccanica), is an Italian manager in banking. He worked as a consultant at

McKinsey McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

and Bain and, when CEO of

Unicredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

, he was involved in the merger with

HypoVereinsbank UniCredit Bank AG, better known under its brand name HypoVereinsbank (HVB), is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth-largest bank in Germany according to the number of its e ...

Bank Austria Creditanstalt UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 96.35% owned by Milan-based UniCredit. It was formed in 1991 by merger of Vienna's Länderbank and Zentralsparkasse, acquired Creditanstalt-Bankverein ...

and

Capitalia Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia. History Capitalia ...

with the UniCredit Group. He resigned as CEO of the Unicredit Group on 21 September 2010.

Biography

Alessandro Profumo was born in

Genoa Genoa ( ; it, Genova ; lij, Zêna ). is the capital of the Regions of Italy, Italian region of Liguria and the List of cities in Italy, sixth-largest city in Italy. In 2015, 594,733 people lived within the city's administrative limits. As of t ...

on 17 February 1957 as the youngest of five children. He grew up in

Palermo Palermo ( , ; scn, Palermu , locally also or ) is a city in southern Italy, the capital of both the autonomous region of Sicily and the Metropolitan City of Palermo, the city's surrounding metropolitan province. The city is noted for it ...

; in 1970, he moved to

Milan Milan ( , , Lombard language, Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the List of cities in Italy, second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 ...

with his parents, where he went to the Liceo Manzoni and met his future wife Sabina Ratti, then his classmate. After finishing high school, Profumo enrolled at

Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and comput ...

. In 1977, he married Sabina, and his only son Marco was born the same year. Having to support a family, Profumo dropped out of university and started his professional career at Banco Lariano. In 1987, Profumo resumed his studies and obtained a degree in Business Economics. Since 1998, when UniCredit Group arose from "Credito Italiano", Profumo has acted as its CEO. By December 2005 he was appointed to chairman of the supervisory board of HVB. As of June 2012, Profumo was CEO of Banca Monte dei Paschi di Siena. In early 2012, Profumo was appointed CEO of Italian bank

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest ban ...

. In June 2012, Alessandro Profumo and other 19 people were remanded to trial for a tax swindle. The charge was of creating an illegal tax evasion scheme worth 245 million euro. The scheme, according to the prosecution, was created through an arrangement between Unicredit,

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

, and two other minor companies. The trial was set to start in October 2012. In May 2017, the board of directors of Leonardo S.p.A. appointed Alessandro Profumo as CEO of the group. In 2020, he was sentenced for false accounting while holding the position of CEO of Banca Monte dei Paschi di Siena, facing six years of imprisonment in the first instance of the trial.

Honours

* 2004: Knight of the

Order of Merit for Labour The Order of Merit for Labour ( it, Ordine al Merito del Lavoro) is an Italian order of chivalry that was founded in 1923 by King Vittorio Emanuele III. It is awarded to those "who have been singularly meritorious" in agriculture, industry and ...

("Cavaliere al Merito del Lavoro") of the Italian Republic, by then president

Carlo Azeglio Ciampi Carlo Azeglio Ciampi (; 9 December 1920 – 16 September 2016) was an Italian politician and banker who was the prime minister of Italy from 1993 to 1994 and the president of Italy from 1999 to 2006. Biography Education Ciampi was born i ...

* 2019: Best CEO in the Defence Industry by ''Business Worldwide Magazine''

References

{{DEFAULTSORT:Profumo, Alessandro 1957 births Bocconi University alumni Businesspeople from Genoa Italian male writers Living people McKinsey & Company people Italian people convicted of tax crimes Harvard Business School people