Cordea Savills expands its Italian operation

International property fund manager Cordea Savills is expanding its Italian investment and operations teams based in Milan with three new appointments. The fund manager said it has appointed David Cunnington who is relocating from London to lead the Cordea Savills team. He will be responsible for the management of the Italian regulated entity of Cordea Savills. He has overall responsibility for corporate finance and fund operations across Cordea Savills and has been with the company since 2004.

Salvatore Ruoppolo has been appointed head of investment, with responsibility for the investment and asset management team in Italy. Previously he worked for Pirelli Real Estate where he was most recently in charge of the business unit, Asset Management Residential Italy.

Paola Fiorini has been appointed Chief Operating Officer of Cordea Savills' Italian unit, with overall responsibility for the business infrastructure, including overseeing compliance and regulatory reporting, personnel and business operations for the Milan office. Paola joined Cordea Savills in July 2008 after leaving Babcock and Brown's Italian business where she was CFO.

Cordea Savills has a 26-strong team in Italy.