Euler Hermes appoints Luca Burrafato as Italy country manager

ROME – 6 JULY 2015 - Euler Hermes, the worldwide leader of trade credit insurance, has appointed Luca Burrafato as country manager for Euler Hermes Italy, effective July 6, 2015.He will lead the Italian business unit and its 400 employees, and will report directly to Michele Pignotti, Euler Hermes head of Mediterranean Countries, Middle East and Africa region (MMEA).

Burrafato succeeds Michele Pignotti, who jointly led Italian and MMEA businesses for 5 years, and will now focus on the development and consolidation of the 14 country- MMEA region, which includes Italy.

Burrafato began his career in 1993 at Banca Nazionale del Lavoro; he then joined Deutsche Bank as Head of Strategic Direction of the CO.R.E. Division (corporate banking, factoring, leasing and real estate). In 2000 he became senior manager at Accenture, and in 2008 sales director of UBI Factor with responsibility for domestic and international business. In 2011 he was appointed CEO of GE Capital Finance, a factoring company held by GE Capital Interbanca group. Burrafato holds a degree in Economics from Bergamo University and a Master in Business Administration from Bocconi University in Milan.