Société Générale Corporate & Investment Banking has promoted Massimo Ruocco to head of export finance for SG CIB in Milan. Ruocco was previously deputy head of export finance in Milan and has been part of the export finance team in Milan since 1996 and has been involved as senior manager in a wide variety of transactions advising SG CIB’s Italian clients in financing the sale of capital equipment to emerging markets. He previously spent five years at SG Correspondent Banking division.

Ruocco replaces Giorgio Pellegrini, who is retiring after 25 years with SG CIB and a career in the banking industry spanning 43 years. Frederic Genet, head of SG CIB Export Finance says, “Giorgio played a key role in developing our leadership position in Italian export finance and is a dedicated professional with an infectious enthusiasm. We owe him a great deal for developing close relationships and good business with clients since he participated in the start up of our Milan office in 1980. We wish him a well deserved and happy retirement.”

The export finance team in Milan has been reinforced with the appointment of Alessandro Mazzi as senior manager. Mazzi was previously deputy head of the SG CIB Credit Corporate Group in Milan and has 12 years of experience in the banking sector, having worked at Deutsche Bank in Milan and having joined SG CIB in January 2000.