As Italy begins to adjust to a period of gradual recovery, emerging from the worst global recession in decades, speculation has centered on the extent to which the new government will be able to drive future growth while maintaining political, social and economic stability. Faced with the ongoing challenges of rising unemployment and high national debt levels, the next steps forward will be crucial for Italy to successfully make its way out of the crisis. The Financial Times is delighted to return to Rome for its third annual FT Italy Summit, which will bring together top-level government leaders, heads of industry and policy-makers to assess the progress that has been made so far by the coalition government to bring Italy onto the road towards recovery. In the year in which Italy takes on the EU presidency, we will be exploring the country’s political and economic outlook within the wider context of Europe and its prospects for future growth. CONFIRMED SPEAKERS Maria Anna MadiaMinister of Public Administration Italy Giuliano PolettiMinister of Labour and WelfareGovernment of Italy Andrea Guerra Former CEOLuxottica Francesco StaraceChief Executive OfficerEnel John Thornhill Deputy Editor Financial Times Ignazio ViscoGovernorBank of Italy SEE THE FULL LIST OF SPEAKERS WHY ATTEND? Hear from government leaders, policy-makers and industry experts as they discuss Italy's political and economic outlook and strategies to create sustainable growth Find out which areas are attracting the most investment Understand the challenges facing international business interests in Italy Learn what the impact of reforms has been so far Gain insights from leading businesses through case studies and interviews Network with thought-leaders and senior executives from local and international firms
FT Italy Summit 2014
Roberto Viola is Director General of DG CONNECT (Directorate General of Communication, Networks, Content and Technology) at the European Commission.
He was the Deputy Director-General of DG CONNECT, European Commission from 2012 to 2015.
Mr Viola served as Chairman of the European Radio Spectrum Policy group (RSPG) from 2012 to 2013, as Deputy Chairman in 2011 and Chairman in 2010. He was member of the BEREC Board (Body of European Telecom Regulators), and Chairman of the European Regulatory Group (ERG).
He held the position of Secretary General in charge of managing Italian communications regulator AGCOM, from 2005 to 2012. Prior to this, he served as Director of Regulation Department and Technical Director in AGCOM from 1999 to 2004.
From 1985-1999 he served in positions including Head of Telecommunication and Broadcasting Satellite Services at the European Space Agency (ESA).
He holds a Doctorate in Electronic Engineering and an MBA.
Davide Serra is the Founder and CEO of Algebris Investments, a global asset management boutique that manages Long Only and Hedged strategies in Credit, Equity and Non-Performing Loans, with a focus on Global Financials. Founded in 2006, Algebris currently manages$3.5 billion of assets and maintains offices in London, Boston, Singapore and Milan. The firm is regulated by the FCA,SEC and MAS.
Mr Serra is recognised as one of the world's leading experts on financial services. He is often consulted by the world's central bankers and regulators on policy matters. He is a Young Global Leader for the World Economic Forum and has also been awarded the Commendatore designation,a decoration of the Order of Merit of the Italian Republic.
Mr Serra is Chairman and Trustee of the Hakuna Matata foundation, a registered UK charity which he founded with his wife, focused on assisting orphaned children in central Tanzania, and is patron of Saint Peter’s Project of The Italian Church in London. He is a graduate cum laude of Bocconi University in Milan, Italy and holds a Master CEMS. He played volleyball professionally in Italy from 1985 and 1990 and reached Series A1 and is a keen alpinist.
Massimiliano Magrini is Co-founder and Managing Partner of United Ventures, a venture capital firm. In 2009 he founded Annapurna Ventures, a new generation technology seed fund already well-established as a reference point for tech start-ups. Before this he worked at Google, where he launched Google Italy as founding Country Manager in 2002, and took over the management of Google Spain and Portugal. Mr Magrini started his career as a business development manager and managing director in several media, communications and technology companies across the country. He soon realised the disruptive potential of search engines in the media industry and took part in the launch and management of Altavista in Italy. He is currently Vice President of the Touring Club Italiano, Board Member of the American Chamber of Commerce and sits on the Board of Directors of AppsBuilder, Paperlit and 20 Lines. He graduated in Political Science from the University of Bologna and was part of the task force on start-ups established by the Minister of Economic Development. He also actively contributed to the report on venture capitalism in Italy which led to DL growth.
Brunello Cucinelli is President and Managing Director of Brunello Cucinelli SpA, a company reknowned worldwide for its production of cashmere apparel, which is exported throughout Europe and to the U.S, Japan, Russia, and the Far East. Brunello Cucinelli SpA has operations in the world’s principal cities with 1000 points of sale in multibrand stores and around 80 monobrand boutiques. Three quarters of the company’s turnover comes from international markets and in 2011 total sales reached approximately €243 million. Mr Cucinelli founded his business in 1978, opening a small workshop which grew and developed throughout the 1980s. In 1985 he bought and restored the castle of the 14th Century hamlet of Solomeo, which became the headquarters for the company. He opened the Arts Forum in 2008 and is in his fourth term as President of the Repertory Theatre of Umbria. In addition to this. Mr Cucinelli is a Director of PittiImmagine Firenze and the Altagamma Foundation. An academician of the Pietro Vannucci Academy of Fine Arts since 1998, he has been awarded with several prizes, including the Guido Carli Prize for his distinction as an entrepreneur-philosopher respecting people and the environment; Best of the Best Prize in 2003, 2004, and 2009; and the BenemeritodellaScuoladellaCultura e dell'Arte (Meritorious Member of the School of Culture and Art) award by the Ministry for Cultural Heritage in 2013.
Renato Brunetta is an economist and Professor of Labour Economics at the University of Rome, Tor Vergata. He is the parliamentary leader of Forza Italia - PDL - the political party of former Prime Minister Berlusconi at the Italian Chamber of Deputies. He was a member of the 11th Committee of the Italian Chamber of Deputies and member of the Parliamentary Committee for the guidance and supervision of television services. From 2008 to 2011 Mr Brunetta served as Minister of Public Administration and Innovation for the 16th legislature of the fourth Berlusconi Government. He is a lead writer for Il Giornale and the author of numerous scientific publications, regarding labour economics and industrial relations, including Il modello Italia (1991); Economics for the New Europe (1991); Disoccupazione, isteresi e irreversibilità (1992); La fine della società dei salariati (1994); Sud (1995, 2009); Economia del lavoro (1999); Il coraggio e la paura (2003); Quindici più dieci (2004); Venezia XXI (2004); Rivoluzione in corso (2009); La mia politica (2011); L’occasione della crisi (2011); Il grande imbroglio (2012); Il grande imbroglio 2 (2013); Il grande imbroglio 3 (2014); La mia utopia (2014); Berlusconi deve cadere. Cronaca di un complotto (2014).
Luigi Gambardella joined the Telecom Italia Group in 1999, in charge of relations with the National Regulatory Authority, and he is currently Group Vice President for Relations with International Institutions and Organisations. From 1996-99 Mr Gambardella ran the regulatory and institutional affairs for Olivetti. He is Chairman of the Executive Board of ETNO, the European Telecommunications Network Operators’ Association. In addition, Mr Gambardella is BIAC Vice Chair to the OECD ICCP Committee; the President of EUBrasil, the association for the development of the relationship between Europe and Brazil; a member of the Advisory and Support Group of BUSINESSEUROPE; a member of the board of the Transatlantic Business Council; a member of the board of the European Internet Foundation; an associate at the European Round Table of Industrialists and President of Puntoit, the Italian association for the development of the digital economy. Throughout his professional career, Mr Gambardella has contributed to all the phases of policy frameworks’ development of the European e-communication industry, including the development of the Digital Agenda and its latest reviews. Mr Gambardella graduated in economics from Bocconi University in Milan, Italy.
Rachel Sanderson has written about Italian business, finance, fashion, politics and culture for the Financial Times since September 2010. She has broken some of the biggest corporate stories in Italy from LVMH’s buyout of Bulgari to Italy’s multibillion bank bail out plan. She was the first foreign newspaper reporter to interview Italy’s Prime Minister Matteo Renzi. Rachel is an alumna of Reuters and Breakingviews and graduate of Cambridge University.
Francesco Starace was appointed Group Chief Executive in May 2014. Prior to this, from 2008 and 2014, he was Chief Executive Officer of Enel Green Power, the Group's renewable power generation subsidiary. In 2010, Mr Starace led the Initial Public Offering (IPO) of the business, floating it on the Milan and Madrid stock exchanges with a market capitalization of 8 bn euros. Mr Starace has held several executive positions at Enel, including Managing Director of the Market Division (2005- 2008) and Head of Business Power (2002 -2005). He joined Enel in 2000. Mr Starace's international experience includes periods spent living in the United States, Saudi Arabia, Egypt and Bulgaria.
Mr Starace began his career in construction management of power generation plants. He was Head of worldwide gas turbines sales at Alstom Power Corporation, and prior to this held positions at ABB Group, and initially at General Electric Group. Mr Starace holds a number of Advisory positions to include his appointment in January 2016 as CoChair of the World Economic Forum's Energy Utilities and Energy Technologies Community. Mr Starace has a degree in Nuclear Engineering from the Milan Polytechnic.
Maria Anna Madia
Maria Anna Madia was appointed Minister of Simplification and Public Administration when Matteo Renzi took office as Prime Minister in February 2014. She was elected Member of the Italian Parliament in 2008 and confirmed in the general election of February 2013, after receiving 5000 ballots at the primary elections held in Rome in December 2012. In December 2013, after Matteo Renzi was elected as the new general secretary of Partito Democratico, she became a member of the new party Secretariat and was given responsibility for the party’s labour policies. As a Member of Parliament since 2008 she has dealt with employment and social policies, focusing on the problems of temporary workers in the private and public sector. She proposed a bill on the extension of the rights of temporary workers with the support of more than 100 Members of Parliament. Between 2013 and 2014 she introduced six bill proposals and 12 parliamentary inquiries regarding employment policies. Dr Madia authored a book on her parliamentary activity devoted to temporary workers entitled Precari. Storie di un’Italia che lavora (2011). She holds a degree in Political Science and a PhD in Economics that she earned at the IMT Institute for Advanced Studies of Lucca with a dissertation on the employment market. Since 2004, she has worked with AREL, a research institute funded by Beniamino Andreatta. She is a Member of the Board of the institute as well as a Member of the Editorial Board of the journal Italianieuropei.
Agenda - 18th Nov
8:20amRegistration and Networking
9:00amChair’s Opening Remarks
John Thornhill, Deputy Editor, Financial Times
9:10amOpening Keynote Presentation and Interview: Time for a Change – Next Steps for Italy
Clear direction from the government will be key for Italy’s recovery. Can the coalition offer the stability needed to bring the country back to prosperity? How does the government plan to push ahead with institutional and constitutional reforms, and where will funding come from? How can political differences be resolved to make way for progress? What are Italy’s priorities for the first few months of its EU presidency?
9:50amPanel Discussion: Reigniting the Economy
What measures are in place to increase competitiveness and reform the labour market? How are exports helping to boost the economy and how can we ensure that domestic demand gathers momentum in the future? What challenges do companies face when looking to expand their business nationally and abroad? Can sustained growth be guaranteed, and is Italy on target to meet pressure from Brussels to cut national debt? Will the reforms be enough or will Italy need help from the European Central Bank? What needs to be done to improve public administration in Italy?
Maria Anna Madia, Minister of Public Administration, Italy
Renato Brunetta, Parliamentary Leader and Economist, Forza Italia
Giuliano Poletti, Minister of Labour and Welfare, Government of Italy
Vincenzo Scarpetta, Political Analyst, Open Europe
Moderated by: John Thornhill, Deputy Editor, Financial Times
11:10amGroup Interviews: Restoring Investor Confidence
As Italy begins to be seen in a more positive light on
the global stage, what must be done in order to fully restore investor
confidence and to make the process of investing in Italy more straightforward?
What has the impact of the ‘Destination Italy’ legislation been so far, and is
it helping? Which areas are currently attracting the most investment, and are
they receiving enough support from the government? How successful have new
start-ups been in their early stages? Aside from foreign direct investment,
what could be done to secure investment from Italian companies and
entrepreneurs based nationally, and to stop them looking elsewhere?
Andrea Guerra, Former Chief Executive Officer, Luxottica
Massimiliano Magrini, Co-Founder and Managing Partner, United Ventures
Davide Serra, Founding Partner and CEO, Algebris Investments
Interviews to be conducted by: Rachel Sanderson, Milan Correspondent, Financial Times
11:50amKeynote Presentation: The Energy Forecast
Is energy development and investment still viewed as a
priority by the government? What is the future for renewable energies in Italy
and what measures are in place to support them? How will struggling utility
companies like Enel fare in the next few months? What are Italy’s gas pipeline
plans – will it become a gas hub? Where offshore/onshore oil and gas projects
have been frozen with past legislation, how does Italy plan to develop these
further as it moves out of the crisis?
Francesco Starace, Chief Executive Officer, Enel
12:20pmPresentation: The Digital Agenda
What stage is Italy at in achieving the European
Commission’s digital objectives? How have the plans been helpful in stimulating
economic growth, and have new jobs been created as part of the strategy to
address unemployment levels? The plan was for digital development to boost
innovation, cut down on bureaucracy and reduce the current technological gap –
to what extent have these objectives been met? What has the role of
telecommunications companies been so far in the proposed infrastructure
development and digital education? How can a simple, future-proof framework be created to facilitate the work of those who want to invest in our connected future?
Maurizio Dècina, Professor Emeritus, Politecnico di Milano, and former AGCOM Commissioner
Luigi Gambardella, President, PuntoIT and Chairman of the Executive Board, ETNO
Franco Bassanini, Chairman, Cassa depositi e prestiti
2:30pmKeynote Interview: A New Era for Banking
What reforms are in place to improve banking and in turn,
to put an end to the credit crunch and reduce labour costs? To what extent have
plans for consolidation helped to address the fragmentation of the banking
sector, and how can they cope with such high debt levels and lack of capital?
Does a “bad bank” need to be set up?
Ignazio Visco, Governor, Bank of Italy
3:00pmSpotlight on Industry: ‘Made in Italy’- Case Studies of Leading Sectors
Which Italian brands have managed to withstand the crisis, and what can be learned from them? Are the strongest sectors in Italy receiving enough funding and support? How successful have initiatives to promote innovation and unlock funding been for leading industries? What shape are the government’s privatisation plans taking so far, and what impact are they having on business?
Fashion – Leading the way in luxury, quality and style –
the secrets of success
Brunello Cucinelli, President and Managing Director, Brunello Cucinelli
Manufacturing - Promoting Italian creativity and innovation worldwide
Transport – Addressing Italy’s infrastructure challenges
Technology – The emerging startup scene
Interview to be conducted by: John Thornhill, Deputy Editor, Financial Times
3:50pmEnabling Growth: Financing and Trade Collaborations
What is the role of financing in enhancing industry
competitiveness internationally? How can credit flows be guaranteed to help
support businesses? As Italy’s trade links between other European countries
such as Germany and France grow stronger, how might this help to bring greater
prosperity? Which collaborations will ensure future growth for Italy?
4:10pmLooking Ahead to the Next Five Years - The International Outlook
Considering all that Italy has to offer, how can its best
assets be exploited to maximize the country’s potential and improve its image
on the global stage? What is the outside view of Italy? What opportunities are
on the horizon?
4:40pmChair’s Concluding Remarks
John Thornhill, Deputy Editor, Financial Times
4:50pmDrinks Reception and Summit Concludes