Prelios Credit Servicing, the group's unit specialising in the management of non-performing loans, has appointed Riccardo Serrini to the post of Chief Executive Officer.

Prelios Credit Servicing, the group's unit specialising in the management of non-performing loans, has appointed Riccardo Serrini to the post of Chief Executive Officer.

In a statement, Milan-based Prelios said that the appointment 'completes the process for the strengthening of the organizational and business structure of its credit servicing arm, which manages a portfolio worth €8.6 bn.

Riccardo Serrini previously held the position of general manager at Prelios' fund management arm and before then he worked for a number of companies including Italy's Zero SGR, ING REIM SGR, Morgan Stanley Real Estate Investment and Intesa Sanpaolo's real estate arm.