Carlo Salvatori is Chairman of Allianz S.p.A. since May 2012. He is also Chairman of Lazard Italy since June 2010 and Member of the Board of Chiesi Farmaceutici, Riso Gallo S.p.A. and Università Cattolica in Milan. He is President of UCID – the Business Managers Christian Union – in Milan. He had had a long career in banking and held numerous executive high level positions in leading Italian and foreign banks, such as: Assistant General Manager in BNL, CEO Banco Ambrosiano Veneto, Cariplo and Banca Intesa. He was also Chairman of Unicredit, Deputy Chairman of Mediobanca, Comit and Cassa di Risparmio di Parma & Piacenza, as well as Chairman of the Supervisory Board of Bank-Austria Creditanstalt – Vienna and Member of the Board of Bayerische Hypo und Vereinsbank AG – Munich. He holds a degree in Economics from Bologna University, a degree in Banking Sciences from the University of Siena, an Honorary Degree in Political Sciences from the University of Macerata. He is registered in the order of Chartered Accountants.