About us

Set up in 2009 by Massimiliano Bertolino and Lucia Lami under the original name First Atlantic Real Estate NPL SpA, Frontis is an independent company entirely owned by its management.

Frontis employs more than 50 professionals, based in our offices in Milan and Rome together with a large collaboration network of advisors and consultants. Our extensive knowledge gained over the years, our integrity and professionalism help strengthen the bond of trust between our company and our partners; by sharing both investment risks and investment returns with our partners, we ensure a fair alignment of interests, which is one of our critical success factors.


Frontis NPL at a glance

Set up in 2009

by Massimiliano Bertolino and Lucia Lami as First Atlantic Real Estate NPL SpA

Independent

fully owned
by its partners

Over 50 professionals

in Milan
and Rome

€ 3,44

BLN ASSET UNDER MANAGEMENT

€ 270

MLN RE PROPERTIES UNDER MANAGEMENT

€ 5,30

BLN GBV UNDER DUE DILIGENCE IN 2018

53

DEALS CLOSED IN 2018

€ 1,03

BLN GBV OF THE DEALS CLOSED IN 2018

188

AUCTIONS PARTICIPATED BY REOCO

97%

ASSET UNDER MANAGEMENT SECURED

28

COUNTERPARTIES IN 2018 DEALS

Track record

Logos
Algebris Deutsche Bank Fortress HIG Capital BNL UBI BCC Compass Baincapital LCM

Management Members

Massimiliano Bertolino
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Massimiliano Bertolino

CEO and Partner

Massimiliano co-founded Frontis NPL in 2009 managing NPL portfolios for leading banks like UBI, BNL and Deutsche Bank. He successfully led Frontis NPL to become an industry-leading company by offering primarily investment and management services to institutional investors. Since 2014 the company has managed more than Euro 3 billion credits purchased across more than 150 deals. From 2002 to 2009 Massimiliano was the Head of NPL department of Pirelli Real Estate SpA and the CEO and President of Pirelli Real Estate Crediting Services, a company with 8 offices across Italy and more than 250 staff members. He has built successful business partnerships with several major institutions like Morgan Stanley, General Electric, UBS, Royal Bank of Scotland, and Calyon by purchasing credits with a total GBV of more than Euro 12 billion from major Italian banks like BNL, Banco di Sicilia, Banca Antonveneta, Banca Popolare Verona e Novara.

Lucia Lami
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Lucia Lami

Head of Loan Management and Partner

Lucia co-founded Frontis NPL in 2009 and has presided over the setting up, development and implementation of our company’s credit recovery strategies. She is currently in charge of the Loan Management Team and oversees every business transaction involving Frontis NPL as responsible of the due diligence and selection of opportunities, and also as investor and arranger. A Civil Lawyer since 1995, Lucia gained significant experience in the NPL sector whilst working with Pirelli Real Estate Credit Servicing and Servizi Immobiliari Banche in her capacities as Senior Loan Manager (1998-2000), Legal Services Coordinator (2001-2007), and Portfolio Manager (2007-2009), leading a team of 15 people and managing a Euro 5bn portfolio.

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Simona Botti

Director

Simona is the Head of the Loan Management Team of our offices in Rome and manages a Euro 1 bn portfolio. She gained over 15 years’ experience in the credit recovery sector whilst working in law firms and leading Italian servicers. Simona joined Frontis NPL in 2014.

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Riccardo Vigevani

Director

Riccardo is the Head of Corporate Finance, Investment Operations Structuring, and Co-Head of Portfolio Management. He has worked in auditing, strategic and management consulting firms. Riccardo joined Frontis NPL in 2014.

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Santino Libro

Director

Santino is the Head of the Loan Management Team of our offices in Milan and manages a Euro 1,5 bn portfolio. Santino gained 20 years’ experience in the credit recovery sector working as a lawyer in law firms and independent servicers. Santino joined Frontis NPL in 2015.

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Giorgio Lo Curto

Director

Giorgio is the Head of Due Diligence & Acquisition and Co-Head of Portfolio Management. He has over 10 years’ experience in the NPL industry working as Portfolio and NPL Disposals Manager at Banca MPS and as Transactions Advisor in several consulting firms. Giorgio joined Frontis NPL in November 2017.