To be truly efficient and ensure the absence of conflicts of interest or other risks, the governance system must be based on a governance structure that is able to ensure that the individual roles are clearly defined and kept separate.
In this perspective, our governance structure adopts a traditional system of administration and control based on the functional organisation of:
Board of Directors
Board of Auditors
Committee of Independent Directors.
Board of Directors
The Board of Directors oversees the ordinary and extraordinary management of the company, performing all tasks required to achieve the company purpose. Moreover, it is responsible for strategic supervision, which is performed by determining the investment policies for the funds and assets managed by the AMC, as well as by defining the corporate strategies.
Within the asset management activities, the Board of Directors establishes the funds, by approving their relative management regulations, and defines the general strategies for managing the fund portfolios.
The Board of Directors is composed of five members, including three independent directors:
Franco Passacantando / Chairman
He is currently Chairman at Euroclear SA, of which he has been an independent member of the Board of Directors since 2015, and Vice Chairman at Euroclear Holding. Since 2014 he has been an independent member of the Board of Directors at Salini Impregilo S.p.A, now Webuild. From 2008 to 2013 he was a member of the Board of Directors at Società Italiana di Iniziative Edilizie e Fondiarie (SIDIEF). He has had a long professional career at the Bank of Italy where he was, among other things, Central Director responsible for the Markets and Payment Systems area and for relations with supranational entities. From 1995 to 2013, he was Executive Director at the World Bank where he served, among other things, as Chairman of the Audit Committee. From 2013 to 2018, he was an expert member of the Board of Directors at EIB.
Ofer Arbib / Chief Executive Officer
After working abroad for several years, in 2000 Ofer Arbib moved to Italy and launched the real estate Web portal casaclick.it, later transferred to Gruppo Pirelli, with which he had previously collaborated. At the end of 2001 he became CEO of Elitrade, a company founded in 1996 in Milan, at the helm of which he managed the evaluation, acquisition, sale and unbundling of many real estate portfolios. In 2005 Elitrade became Colliers Elitrade, now Colliers international Italia, one of the major players in the international real estate advisory industry. Arbib has served as the company’s CEO for 8 years. In 2012, Arbib and a number of partners took over Antirion SGR and in May 2018 he became the company’s CEO.
Marzia Morena / Independent Director
Associate Professor at Politecnico di Milano, Marzia Morena has been collaborating to training, research and consultancy activities in the real estate management and valorisation fields for over 20 years. Her scientific interests focus on the transformations affecting the construction cycle, with particular regard to the management of buildings and the relationships across the various players involved in the process, from planning to management, and to Territorial Marketing as a means of attracting investments for territory enhancement. Founding member since 2008 and coordinator of OPPAL (Osservatorio Permanente per la Pubblica Amministrazione Locale, Permanent Observatory for Local Public Administration) of Politecnico di Milano, ABC | REC dept. Co-founder of REC, the Real Estate Center, a management hub for talents and projects linking the solid academic approach of Politecnico di Milano and the needs and challenges of the evolving contemporary world.
Giulia Longo / Director
Giulia Longo has been Chief Operating Officer of Antirion SGR since 2017, when she joined the company to coordinate the fund management team.
She is also CEO of Colliers Real Estate Services Italia, an Independent Expert serving clients like DeA Capital SGR, Investire SGR, Prelios SGR and Fabrica Immobiliare SGR, among others. She was strategic advisor for the valuation and optimization of the real estate portfolios of the Bank of Italy, Telecom Italia and ENEL. Giulia was previously General Manager of Colliers International Italia, where she coordinated the development and sale of properties on behalf of various local administrations and international clients in the private and public sectors. Before that, she was Project Manager and Valuation Support Specialist at Colliers Elitrade, where she handled market research, feasibility studies and the valuation of individual properties and real estate portfolios.
Giulia began her career at Ernst&Young, handling the analysis, valuation and management of complex urban projects and real estate portfolios.
Chris McLernon / Director
In qualità di amministratore delegato per Europa, Medio Oriente e Africa, Chris McLernon è responsabile della crescita e della direzione strategica dell’attività nell’area. Grazie alla sua grande esperienza nella creazione e nello sviluppo di aziende in mercati maturi ed emergenti, Chris ha svolto un ruolo fondamentale nell’espansione di Colliers fino a diventare attualmente uno dei tre principali fornitori di servizi immobiliari commerciali a livello globale.
Nel corso della sua carriera, Chris ha soddisfatto le esigenze immobiliari di grandi aziende come Nortel Networks, Federal Express, Oracle Corporation, Cisco Systems, Compaq, Dun & Bradstreet, Ford Motor Land, Microsoft, Regus Business Centers e Silicon Graphics.
Zachary Michaud / Director
Zach Michaud joined Colliers in 2015 and is now Co-Chief Investment Officer. His responsibilities include managing Colliers’ investment team and program, including multiple direct report platforms, new strategic investments, and emerging tech investments. He previously served as Vice President, Strategic Investments at Colliers. Prior to joining the organization, Michaud was a senior investment professional at one of Canada’s leading private equity firms specializing in credit investing, distressed debt, operational turnarounds, and activist investing.
Davoud Amel-Azizpour / Director
Davoud began his career at KPMG and spent six years in the audit department working with large FTSE 100 clients including ITV plc and Cable & Wireless plc. Davoud then moved to Reed Elsevier plc where he worked in the Group finance function, leading the financial planning department for several years and providing support to the strategy and acquisition teams on significant purchases and strategic plans to move the business from a print based business to an online business. He then moved to DTZ UK in 2011 providing financial support to the UK MD and Head of Global Corporate Services as the company embarked on a significant change programme following the acquisition of DTZ by UGL.
Board of Auditors
The main task of the Board of Auditors is to monitor compliance with applicable laws, the Articles of Association and the principles of correct administration. In particular, it monitors the suitability and operation of the company’s organizational, administrative and accounting functions, as well as the allocations established by the applicable special laws.
The Board of Auditors is composed of three statutory members and two deputies, each of whom meets the requirements set forth in the applicable laws, and of course complies with the requirements of integrity, professionalism and independence required by the sectoral regulations:
Gianpaolo Colnago, Chairman
Andrea Magnoni, Statutory Auditor
Massimo Gallina, Statutory Auditor
Elena Albertoni, Deputy Auditor
Gian Luca Milanesi, Deputy Auditor.
Committee of Independent Directors
The Committee of Independent Directors, established by the Board of Directors and solely comprising independent directors, has advisory functions (and, where applicable, also submits proposals) with regard to the issues under its responsibility, as well as those which the Board decides to assign to it. In particular, the Committee expresses a preventive opinion, in favour of the Board of Directors, in regard to: transactions with conflict of interest; transactions by the SGR with related parties; remuneration and incentive policies, with respect to which it also exercises verification functions. In exercising its powers, the Committee avails itself of the support of the Risk Manager, where appropriate.
The company has a Code of Ethics and an Organisation, Management and Control Model pursuant to Italian Legislative Decree 231/2001 concerning the “Rules on the administrative liability of legal entities, Companies and associations, with or without legal status”.