Fabrizio Cerina Explained

Fabrizio Cerina
Occupation:Investment banker
Years Active:1995 – present
Crédit des Alpes Group, Chairman

Fabrizio Cerina (born in Piacenza, Italy) is the chairman of international investment banking group Crédit des Alpes.

Career

Cerina began his career by acquiring a 34% stake in Banque de Participations et de Placements, Geneva. He later sold it to Lebanese buyer Al-Mashreg Bank.

Most of his career took place in Geneva (CH) and London (GB).[1] [2] In 1982 he acquired Attel Bank, in which he invested CHF1.5 million (US$1.53 million), eventually listing the holding company on the Luxembourg Stock Exchange in 1987 at a value of approximately CHF130 million (US$132.6 million).[3]

In the 1990s Cerina was dubbed "a banker and a gentleman"[4] [5] by Swiss and international press when, as the controlling shareholder of Attel Bank, he voluntarily refunded clients out of his own pocket after a rogue trader caused losses amounting to CHF45 million (US$46 million). The trader stole money from clients, as well as dealing in unauthorized junk bonds and NASDAQ securities.[6] [5]

Cerina merged and developed the business into Crédit des Alpes, an investment bank that advises on large international transactions. The bank put together the US$4.2 billion acquisition by Vivendi (VIV:FP)[7] of Brazilian broadband market-leader company GVT in 2009 — then the largest world's telecoms deal.[8] [9]

External links

Notes and References

  1. News: Private Equity, investors focused on Italy - Cerina (Crédit des Alpes): smaller transactions, but higher returns . archiviostorico-corriere.it . dmy-all .
  2. News: Private Equity, gli investitori puntano sull'Italia - Cerina (Crédit des Alpes): operazioni più piccole, ma rendimenti più alti . Stefano Righi . Il Corriere della Sera (Italy) . 21 June 2022.
  3. News: Finanza sostenibile in crescita . Corrado Bianchi Porro . L'Osservatore (Switzerland) . 2 May 2021.
  4. News: The banker and gentleman lives in Lugano . NewsgateNY.com .
  5. News: Il "banchiere gentiluomo" abita a Lugano . Il Messaggero (Italy) . 25 October 1993.
  6. News: Financial Times (London, UK) . 21 July 2013 . First Person: Fabrizio Cerina .
  7. News: Vivendi Company Profile Bloomberg . Bloomberg (28 March 2020) .
  8. News: Crédit des Alpes: Vivendi reprend GVT au Brésil (Crédit des Alpes leads on Vivendi deal to buy GVT in Brazil) . archiviostorico-corriere.it . dmy-all .
  9. News: Crédit des Alpes: Vivendi reprend GVT au Brésil . L'Agefi (Switzerland) . 3 December 2009 . dmy-all .