Covivio S.A. maintains control of Central Sicaf with 51% of the shareholding and also provides for the property management and administrative services.
Two foreign institutional investors control the remaining shares: EDF (24,50%) and PREDICA (24,50%).


Central Sicaf’s governance system adopts the traditional administration and control system based on the functional articulation of three independent entities, with the aim of achieving maximum efficiency and the absence of conflicts of interest:

  • Board of Directors
  • Remuneration Committee
  • Investment Committee


The Board of Directors is composed of 9 members appointed on 9 April 2020 who will remain in office for two financial years and specifically until the shareholders' meeting called to approve the financial statements as for 31 December 2021.
• O. Estève (Chairman)
• M. Bignami (CEO)
• A. Dal Pastro (Director)
• D. Percoco (Indipendent Director)
• M. Leone (Indipendent Director)
• P. Berrin (Director)
• A. Gosselin (Director)
• M. Arlot (Director)
• E. Chabas (Director)

On 09 April 2020 the Remuneration Committee was established, currently composed of 3 members.
• D. Percoco (President)
• A. Gosselin
• M. Arlot

On 9 April 2020 the Investment Committee was also set up, with an advisory function, pursuant to the Articles of Association.
• B. Pivetta
• C. Vaccaro
• H. Grimaldi

The Single-Supervisory Body was established, with a duration equal to that of the mandate of the Board of Directors.
• M. Dell’Antonia

Board of Statutory Auditors consists of:
• M. Bortolomiol (President)
• E. Rollino (Standing Auditor)
• B. Cavalieri (Standing Auditor)
• C. Mione (Alternate Auditor)
• F. Rossi (Alternate Auditor)

The company has adopted a model of organisation of management and control pursuant to Legislative Decree 8 June 2001, n. 231 (Organisational Model 231) which was adopted on 28 July 2017.
The Organisational Model 231 consists of a general section, a special section, as well as the sanctions system and the Group Code of Ethics adopted by Covivio S.A.


Marco Bignami is the CEO of Central Sicaf S.p.A
He majored in industrial engineering and graduated from Politecnico (Milan). He also attended SDA Bocconi where he got a master’s degree in Real Estate. Mr. Bignami has now a multi-year career in real estate.
Marco has worked for Beni Stabili SIIQ (now Covivio) since 2007 and he has taken up a new position as Head of Business Development starting from 2009. He deals with divestment of mature or non-strategic assets as well as asset acquisition to increase the profitability and quality of the company’s investment portfolio.
He was CEO of Beni Stabili Real Estate Advisory S.r.l. (now Covivio) and he oversaw the management of special projects. He was also CEO of Npls Re Solutions a joint-venture between Beni Stabili SIIQ (now Covivio) and Gruppo Gabetti to supervise and salvage Non-Performing Loans from November 2013 to July 2015.
Prior to this, Marco worked for Aedes S.p.a dealing with real-estate development and the company’s joint-ventures.

Head of Treasury and Finance, Paola joined the Beni Stabili Group (now Covivio) after other tasks in different industrial companies. She has a strong expertise in banking and loan management within the real estate market.