Italian export credit agency Sace has hired Valerio Perinelli as general manager for its Sace BT subsidiary.

Perinelli has 20 years of experience with credit insurer Euler Hermes, both in Italy and abroad. Most recently, he held the position of managing director of Euler Hermes UK & Ireland, after being based in France for eight years as world sales and marketing manager for World Agency, the unit of Euler Hermes responsible for multinational business.

Perinelli will join Michele Capitani, who was recently hired as CFO for Sace, in the export and internationalisation hub team. The team is tasked with implementing the company’s 2016-2020 business plan, which includes “the target to mobilise €27bn (20% more than the previous period) in the 2016-2020 period,” says Sace in a statement.