Fabrizio Viola

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Fabrizio Viola (born in 1958 in Rome) is an Italian banker.

Biography

Fabrizio Viola is a graduate in business administration from the Bocconi University. [1]

From 1990 to 2011, he held various positions at the IMI Group, the Fondiaria Group and the Banca Popolare di Vicenza. From 2004 to 2008, he was the CEO of the Banca Popolare di Milano. [1]

From May 2012 to 2016, he was the CEO and general manager of Banca Monte dei Paschi di Siena, the oldest bank in the world. [2] [3] [4] He was later employed by Banca Popolare di Vicenza as CEO and sister bank Veneto Banca as director. After the banks were in liquidation, Viola was assigned as one of the liquidator. [1] In February 2018, he became a senior advisor for the Boston Consulting Group. [1]

Starting in 2015, he was under investigation for alleged false accounting and market manipulation during his tenure as CEO of Banca Monte dei Paschi di Siena. [5] He 2020, he was found guilty of those charges. [6]

On October 15, 2020, the Milan court sentenced Profumo and Viola to six years in prison in the first instance and ordered each of them to pay a fine of 2.5 million euros.  On December 11, 2023, the Milan Court of Appeal decided to acquit Profumo and Viola of the charges of false accounting and market manipulation because "the fact does not exist." [7] [8]

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References

  1. 1 2 3 4 "Fabrizio Viola entra in The Boston Consulting come senior advisor". Italia Oggi (in Italian). 2018-02-08. Retrieved 2022-11-02.
  2. ↑ Fabrizio Viola. "Fabrizio Viola: Executive Profile & Biography - Businessweek". Bloomberg.com. Retrieved 2015-05-13.
  3. ↑ "Monte dei Paschi's ex-finance chief arrested in Italian probe | City A.M". Cityam.com. 2013-02-15. Retrieved 2015-05-13.
  4. ↑ "Monte dei Paschi shareholders approve capital increase". Telegraph.co.uk. Retrieved 2015-05-13.
  5. ↑ Ognibene, Silvia. "The CEO of the world's oldest bank is reportedly under investigation for market manipulation". Business Insider. Retrieved 2022-11-02.
  6. ↑ "Ex-Monte Paschi Chairman, CEO Convicted of False Accounting (3)". news.bloomberglaw.com. Retrieved 2022-11-02.
  7. ↑ Monaci, Sara (2023-12-12). "Mps, Viola e Profumo assolti in appello. Ribaltata sentenza di I grado". Il Sole 24 ORE (in Italian). Retrieved 2024-08-28.
  8. ↑ "Mps: assolti in appello Viola e Profumo sui derivati contabilizzati come Btp". la Repubblica (in Italian). 2023-12-11. Retrieved 2024-08-28.


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