Aniello Pennacchio appointed - Head of Sales Italy at DPAM

Milan, 7 October 2026 – DPAM, the Belgian asset manager and part of Indosuez Wealth Management, announces the appointment of Aniello Pennacchio as Head of Sales Italy and Head of DPAM’s Italian Branch.

The appointment marks the natural progression of the path that began in 2022, when Aniello Pennacchio was appointed Deputy Country Head Italy, and reaffirms DPAM’s commitment to nurturing internal talent while ensuring continuity in its growth strategy for the Italian market.

In his new role, Aniello Pennacchio will be responsible for DPAM’s commercial activities in Italy, with the aim of further strengthening the company’s presence in the Italian market and supporting its growth, while continuing to provide investors with DPAM’s expertise in active and sustainable asset management and its strong research-driven approach.

Italy is currently one of DPAM’s strategic markets for its international development. Since the opening of its Italian branch in 2013, the firm has recorded significant growth, with assets from Italian clients exceeding €1 billion. The new leadership will be responsible for continuing this growth trajectory, further strengthening relationships with institutional investors, wealth managers and distribution partners, while expanding the reach of DPAM’s distinctive investment strategies in the Italian market. Today, the local team consists of five professionals dedicated to business development and investor support in Italy and works in close collaboration with Indosuez’s Italian branch.

Pennacchio joined DPAM in 2015 as Institutional Sales for Italy, taking on increasing responsibilities over the years. In 2019, he was appointed Senior Institutional Sales and, in 2022, Deputy Country Head Italy. Prior to joining DPAM, he spent more than five years at Euromobiliare Asset Management, initially working in portfolio management and subsequently in Product Management. He is also a CFA charterholder.

Aniello Pennacchio,Head of Sales Italy at DPAM, comments: “Italy is a strategic market for DPAM and a key area for business development. I am taking on this role with great enthusiasm and with the aim of building on the growth achieved over the years, further strengthening our presence among institutional investors and distribution partners. We will continue to differentiate ourselves through the quality of our research, our active management approach and our commitment to sustainable investing, all of which have always been at the core of DPAM’s DNA.”

Alexandre Touma,Global Head of Sales at DPAM, comments: “Over the years, Aniello has demonstrated strong leadership skills, great commitment and a deep understanding of our business and our clients. This appointment marks the natural progression of a journey built over time, and we are confident that Aniello has the expertise, vision and determination needed to successfully lead our commercial activities in Italy through the next phase of their development.”

Alessandro Fonzi, who has led DPAM’s commercial activities in Italy for the past 14 years and supported Aniello throughout the transition process, will continue to play an important role within the company, focusing on Italian institutional investors. In this segment, he will leverage his extensive experience and the strong relationships he has built over the years.

As part of the Indosuez group, DPAM provides active, sustainable asset management services, driven by in-house research. DPAM’s conviction-based investment decision processes integrate fundamental financial and ESG analysis. DPAM advances to thrive, aiming for long-term outperformance and growth that benefits investors and society. With a dedicated team of +190 highly skilled professionals, DPAM manages public investment funds, as well as discretionary mandates, on behalf of institutional and professional clients, financial intermediaries and distributors, for a total of €51.9 billion, as of March 2026.

Indosuez Wealth Management is the wealth management arm of the Crédit Agricole Group, the world’s 10th largest bank by total assets (source: The Banker 2025). For more than 150 years, Indosuez Wealth Management has been supporting high-net-worth individuals, families, entrepreneurs and professional investors in managing their private and professional wealth. The bank offers a tailored approach designed to help each client protect and grow their wealth while addressing their individual aspirations as closely as possible. Its teams provide a comprehensive range of services, including Advisory, Financing, Investment Solutions, Fund Servicing, and Technology and Banking Solutions. Indosuez Wealth Management has more than 4,300 employees operating across 15 countries worldwide: in Europe (Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), and the Middle East (Dubai and Abu Dhabi). With approximately €233 billion in assets under management (as of 31 December 2025), Indosuez Wealth Management ranks among the leading wealth management players in Europe.

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