Experience and innovation

THEIR PERFECT COMBINATION
IS OUR VALUE ADDED.

Polis Fondi SGR specialises in structuring and managing real estate investment vehicles aimed at developing products whose target performance is consistent with the requirements of different types of investors, ranging from opportunistic to long-term income.

We make our experience available to create value through tailor-made strategies on real estate portfolios, in terms of management, appreciation and dismissal, that we share with our client.
Our company specialises in designing solutions and in creating innovative products, and in placing this value added on the institutional and retail market, national and international.

From more traditional industries to more innovative ones, our range of products broadens and evolves to exploit the industry’s evolutions.

Polis Fondi SGR has been structuring and managing real estate funds for institutional investors for almost 20 years. We offer various types of funds, for a value of managed assets equal to about a billion Euro. Our products range from more traditional investment segments to highly innovative ones, such as renewable energy plants or hospital facilities. We were first movers on the Italian market to offer non-performing loans funds to institutional investors, which currently include more than 40 banks as subscribers.  

The soundness and structure of our shareholding structure are the guarantee of an excess-free management approach aimed at generating value over time. The experience of a specialised team ensures our performance and our ability to quickly grasp the evolutions of a complex industry.

History and shareholders

Polis Fondi SGR, incorporated in 1998 and enrolled with the Bank of Italy’s Register of Asset Management Companies in 1999, was an initiative of Unione Fiduciaria and of 14 industrial cooperative banks (Banche Popolari), as part of a renewed vitality in the real estate industry, and as a reaction to a growing demand to diversify and balance investors’ portfolios.

The current shareholders are: Banks (UBI Banca, Banca Popolare di Vicenza, BPER Banca, Banca Popolare di Sondrio) each with an equal 19.6% interest; Sanfelice 1893 Banca Popolare and Banca Valsabbina each with an interest equal to 9.8%; Unione Fiduciaria with a 2% interest.

Polis, a closed-end listed real estate investment fund listed at the Milan Stock Exchange, was launched in 2001. In 2006/2011, the SGR launched 4 new funds and took over the management of two further funds established by third party Asset Managers. During 2012 and 2013, Polis launches 3 further funds (Star I, Likizo, and II Ruscello), takes over the Le Brughiere fund and starts a new line of “asset bancari” funds reserved to banks (by incorporating 4 of these). In early 2014, it further consolidates the innovation process in terms of products started in 2012 with the launch of the Centro delle Alpi Real Estate, Asset Bancari V and Consortium funds. The Asset Bancari VI and Metropolis are launched between 2015 and March 2016. In 2017, the PolisCare fund is launched and the MIRE 1 fund is taken over from another Asset Manager.

Polis today and in the future

Relying on its growth, the SGR continues developing ordinary product lines and, at the same time, it invests in establishing new funds and in consolidating the performance of funds it currently manages.

The management

ROBERTO RUOZI - Chairman of the Board of Directors

He graduated from “Luigi Bocconi” University in 1961, where he served as the rector from 1995 to 2000 and as Professor of Economics of Financial Intermediaries (Economia degli Intermediari Finanziari); 
he is currently a Professor Emeritus. He has lectured at the Universities of Ancona, Siena, Parma, Paris (Sorbonne) and at the Polytechnic of Milan. He authored various publications on banking and finance topics. He has held important management positions within listed and non-listed Corporations. Inter alia, he is the Chairman of Palladio Holding SpA, Factorit SpA and Unione Fiduciaria SpA. He is a member of the Board of Directors of SNAI SpA, of Gewiss SpA and of Lanificio Fratelli Cerruti SpA. He is the Chairman of the Board of Statutory Auditors of Borsa Italiana SpA and of Monte Titoli SpA. 

PAOLO BERLANDA - Chief Executive Officer and Managing Director

He graduated cum laude in History and Philosophy and began his professional career at IMI Group.  
In 1996, he became the Manager of the Retirement Funds Operations Department at IMI. From 1996 to 1999, he was the Retirement Funds Director at IMI Fideuram Asset Management. Between 2000 and 2001, he served as Managing Director of Immobiliare Italia, a Beni Stabili Group company, and as the CEO of Servizi Previdenziali SpA at the same time. From the summer of 2001 to October 2005, he served as the CEO of Beni Stabili SpA SGR and was in charge of launching several real estate funds.

ETTORE COLLINA - Chief Financial Officer

A Chartered Accountant and Registered Auditor, he started his career in 1995 at a merchant bank operating in bank holdings, where he served in the Finance and Treasury department and implemented an AL&M system to manage interest rate and foreign exchange risks. He worked as a self-employed chartered accountant and, in 2001, was selected for a position in the Finance department of Moby Invest SpA, the holding entity of the shipping company by the same name. In 2005, he joins the real estate sector as the Chief Financial Officer of LM Real Estate SpA. Since late 2007, he served as the Performance Auditing Manager at Polis Fondi SGR, until he became its Chief Financial Officer in November 2011.

VINCENZO MANGALAVITI - Portfolio Management Director

After a degree in Architecture at the Polytechnic of Milan and a European Master’s of Land Use Planning and Real Estate Markets, he starts his career at the Bossi-Pasi professional firm. From 1998 to 1999 he serves as Client Liaison Officer at American Appraisal Italia and REAG, from 1999 to 2003 he works as a General Management staffer on Acquisition and Asset Allocation operations with the Real Estate Funds Division of Gesticredit SGR. He later serves as Real Estate Funds Manager at UniCredit Fondi SGR. From 2003 and 2006, he first works as Real Estate Portfolio Manager and then as Deputy-Head of the Real Estate Department of Pioneer Investment Management. He has been the Portfolio Management Director at Polis Fondi SGR since 2006.

ANDREA BONINI - Funds Structuring and Commercial Development Director

After graduating in Engineering, he started his career in 1987 and from 1992 to 1994 he served as Branch Director in Berlin for a construction company. From 1994 to 1999, he served as a manager at Impresarosso SpA. From 1999 to 2002, he worked at Gruppo Fondiaria Assicurazioni SpA as Central Director for the real estate division. From 2002 to 2004, he served as Asset Management Director at BNL Fondi Immobiliari SpA. From 2004 to 2007, he served as an Executive at BNL SpA and as a member of the Board of Director with BNL Fondi Immobiliari SGR. From 2008 to 2010, he served as the CEO of Quorum SGRpA and as the General Manager of Galotti SpA. From 2011 to 2013, he worked at the Reale Mutua Assicurazioni Group as the Managing Director of Reale Immobili SpA. From 2013 to 2014, 
he served as the Chairman of Mittel Real Estate SGRpA.

Corporate bodies

The Board of Directors comprises the following members:

Roberto Ruozi - Chairman
Paolo Berlanda - Chief Executive Officer
Maria Teresa Benotti
Claudio Devecchi - Independent Director
Tonino Fornari
Roberto Frigerio - Independent Director
Paolo Mazza
Giorgio Ricchebuono

 
The Board of Statutory Auditors comprises the following members:

Angelo Faccioli - Chairman of the Board of Statutory Auditors
Sergio Brancato - Statutory Auditor, standing member
Claudio Guagliani - Statutory Auditor, standing member
Pio Bersani - Alternate Auditor
Roberto Geronimi - Alternate Auditor


Organisation chart

Company profile

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