Massimiliano Belingheri. Mr. Belingheri graduated cum laude with a degree in Economics of Public Administrations and International Institutions from Bocconi University in Milan in 1997. He studied abroad at Wharton School of the University of Pennsylvania in Philadelphia. After graduating, he began his career as a business analyst at McKinsey & Company in the Milan and London offices. In 2001, Mr. Belingheri earned a Masters of Business Administration as a Baker Scholar from Harvard Business School. He subsequently joined the financial services team of Apax Partners, where he was promoted to Principal in 2003 and Partner in 2007. In 2008, Mr. Belingheri was promoted to head of financial services of Apax Partners in Europe. During this time, he was involved in several investment and disinvestment transactions in the financial services and media sectors. Additionally, he served as a member of the board of directors of Azimut Holding S.p.A. and Psagot Investment House from 2002 to 2004 and 2011 to 2013 respectively. From the end of 2013, Mr Belingheri is Chief Executive Officer of Banca Farmafactoring, for which he was Member of the Board of Directors since 2016. Mr. Belingheri is currently a member of the board of directors of the Spanish Chamber of Commerce in Italy and member of the board of directors of Assifact.