BF.direkt Group expands Management Board

BF.direkt, the parent company of Germany’s BF Group, is undergoing a strategic realignment and expanding its management board. 

From left to right: Francesco Fedele, Maria Angela Ciriello, Fabio Carrozza, Eugenio Sangermano

This move aims to address the increasing complexity of the debt market and extend the group's expertise into new asset classes like infrastructure and corporate debt. The company plans to double its annual advisory volume (currently €1 bn) and significantly increase its asset management volume (currently €2 bn in AUM).
Fabio Carrozza, Maria Angela Ciriello, and Eugenio Sangermano, all long-time BF Group employees, have been appointed to the management board and have also acquired stakes in the company. Francesco Fedele will remain CEO, overseeing overall strategy and group control.
In their new roles, Fabio Carrozza will serve as chief sales officer (CSO), responsible for group-wide sales. Maria Angela Ciriello will take on the role of CFO, heading finance. Eugenio Sangermano will be the CIO, managing the group's investment activities.
As part of this strategic shift, the subsidiary BF.real estate finance has been rebranded as BF.advisory, reflecting its broader advisory and investment focus beyond traditional real estate financing.
Fabio Carrozza joined the BF Group in 2020 and has served as managing director of BF.advisory for several years, bringing over 20 years of banking experience in corporate and real estate client management and financing structures. 
Maria Angela Ciriello, who joined in 2021, previously spent 14 years at LBBW Asset Management Investmentgesellschaft, managing corporate controlling, risk, and outsourcing. 
Eugenio Sangermano, with the BF Group since 2023, spent 21 years at W&W Asset Management, where he held roles including head of business development and portfolio manager for corporate private debt, infrastructure debt, and real estate debt.
Francesco Fedele, the CEO of BF.direkt, commented: “The new management structure clearly defines the spheres of responsibility and creates the basis for continued sustainable growth. In the advisory division, it is planned to at least double the consultancy volume of currently around €1.0 bn per year by strengthening the focus on infrastructure debt and corporate debt. A parallel move in the asset management unit is supposed to increase the volume of assets managed in the asset classes of corporate private debt, infrastructure debt and real estate debt from currently about €2.0 bn euros to more than €5.0 bn in the medium term.”