Global insurance brokerage, risk management and advisory firm Gallagher has announced five new appointments to its European Private Equity and M&A (PEMA) business, including Giulio Greco as chief brokerage officer for the PEMA business in Europe, the Middle East and Africa.
In this newly created role, Greco will lead and develop the brokerage strategy for Gallagher’s insurance-backed transactional risk solutions in the UK, Europe and the Middle East, working with insurers to ensure the best outcomes for clients. He will be based in Milan and report to Alistair Lester, CEO of PEMA Europe, Middle East and Africa.
Carlo Ungaro has been appointed Director of Relationship Management for PEMA Southern Europe.
Ungaro will also be based in Milan and will be responsible for managing relationships with private capital funds, corporate clients and the wider advisory community, while supporting clients with a full suite of transaction and post-closing solutions and services.
Gallagher also appointed Federica Marcabruni as head of transaction solutions for PEMA Italy.
Marcabruni will also report to Alistair Lester. She will support Italy’s private equity and M&A communities and has over 10 years of experience, having previously worked as a corporate M&A lawyer at firms including Marsh McLennan, Deloitte and Simmons & Simmons.
In addition, Alberto Corolla and Vincenzo Ferrini have been appointed Director and Deputy Director, respectively, of the Italian Transaction Solutions division, both reporting to Marcabruni.
Both are qualified lawyers with a background in corporate law. Corolla previously worked at independent international law firm Giovannelli e Associati, and Ferrini at global law firm White & Case.
Gallagher’s new PEMA team in Milan extends the in-country expertise of the EMEA business into Italy, building on the established team serving the private equity and M&A communities in the UK, Benelux, France, Iberia, Nordics and UAE, as well as the PEMA capabilities of Gallagher partners Renomia and Steimeyer in the Central and Eastern Europe and Austria regions.
The new hires expand Gallagher’s on-the-ground presence and client-focused expertise in Italy, while also enhancing regional leadership and relationship management capabilities.
The expansion into Italy also builds on Gallagher’s existing presence in the country, where Gallagher Re already has a base.
Alistair Lester, Gallagher’s chief executive for private equity and M&A in the UK and EMEA commented: “In addition to the vibrant corporate M&A community, private equity funds continue to play a central role in the wider Italian M&A landscape, with last year seeing a shift away from large-scale transactions towards mid-market transactions and domestic consolidation. Having a team of experienced transaction risk experts close to Italian private equity funds and portfolio companies who can provide clients with optimal advice and support during and after the transaction is an important milestone for Italian private equity funds. We are delighted to welcome Giulio, Carlo, Federica, Alberto and Vincenzo Join Gallagher.”
Alex Nagler, CEO of Gallagher Europe, added: “Being able to welcome such a breadth and depth of expertise to the Italian market is testament to Gallagher’s continued efforts to attract talent as we expand our presence across the continent. Experienced and ambitious practitioners who are passionate about serving as trusted advisors to help clients build something new and unique will find a great home at Gallagher.”
