Cerberus Capital Management appointed Roberto Nicastro a senior advisor to the firm. In this role, Nicastro will consult with Cerberus as it continues its focus on investment opportunities and strategic partnerships in the European financial services sector.
“Roberto is a leading figure in the European banking community with unique insights into market dynamics in Italy and across Europe. We are delighted to welcome him to our tenured team of senior investment advisors who assist us in our investment activity across Europe,” said Lee Millstein, president of Cerberus Global Investments.
Previously, Nicastro was group general manager of Unicredit, where he led the Central and Eastern European, Austrian and Retail Businesses. In 2015, he was appointed by the Bank of Italy as chairman of the four rescued banks of Italy, where he oversaw their sale and the first successful European Bank Resolution process. Nicastro has also chaired or joined several boards of European banks, including HVB, Bank Austria and Bank Pekao, and has been the chairman of the European Financial Marketing Association. He currently chairs Cassa del Trentino and is a board member of Vitale & Co.
“Cerberus has an outstanding track record of partnering with European financial institutions to help them achieve strategic objectives,” Nicastro said. “It has emerged as the partner of choice due to its flexible capital solutions, proprietary operating platforms, and tenured leadership team. I look forward to helping Cerberus expand its work of providing strategic investment solutions to leading European financial institutions.”