State-owned Italian bank Cassa depositi e prestiti has appointed Aldo Mazzocco as new chief real estate officer of the group, reporting directly to chief executive Fabio Gallia.

State-owned Italian bank Cassa depositi e prestiti has appointed Aldo Mazzocco as new chief real estate officer of the group, reporting directly to chief executive Fabio Gallia.

Mazzocco, who is currently president of Assoimmobiliare, the Italian real estate association, was previously the CEO of Italy's largest REIT, Beni Stabili.

Mazzocco stepped down in October after 15 years as CEO of Beni Stabili which manages some €4 bn of real estate in Italy. The resignation came in the midst of a strategic refocusing at the Italian real estate investment business.

CDP said the appointment comples the group's real estate team after the hiring of Giovanni Paviera as head of CDP Immobiliare and Marco Sangiorgio as managing director of CDP Investimenti Sgr.