BANCO DI DESIO E DELLA BRIANZA SOCIETA PER AZIONI

Shareholders of Banco di Desio e della Brianza S.p.A.

Banco di Desio e della Brianza S.p.A. is listed on Euronext Milan (Borsa Italiana), and Italian securities law requires only shareholders exceeding statutory disclosure thresholds (generally 5% of voting rights) to be reported to CONSOB. Based on CONSOB’s public register of relevant shareholdings, three shareholders currently exceed this threshold: Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A., holding approximately 51.6% of voting rights (shown in CONSOB’s register as of 31 December 2024, based on an original filing of 30 January 2009); Stefano Melchiorre Lado, holding approximately 7.9% (filed 6 July 2012), of which around 5.9% is held directly and the remainder through delegation and via Vega Finanziaria S.p.A.; and Avocetta S.p.A., holding approximately 7.6% (filed 1 January 1999). The bank’s own investor-relations disclosure, dated 27 April 2023, reports slightly different figures — 50.41% for Brianza Unione, 8.41% for Avocetta and 7.38% for Stefano Lado — reflecting movements since the original CONSOB filing dates. No other holder is currently known to exceed the 5% notification threshold; the remaining share capital is free float held by institutional and retail investors, none individually disclosed above threshold.

Ultimate beneficial ownership

No natural person is confirmed as an ultimate beneficial owner through a complete, publicly disclosed ownership chain. The controlling shareholder, Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A., is itself a family holding company (società in accomandita per azioni) associated with the Gavazzi and Lado families, who have been involved in the bank’s control and administration since its foundation. The individual percentage interests that members of the Gavazzi and Lado families hold in Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A. itself are not disclosed in the public filings reviewed, so an effective ownership percentage for any individual cannot be calculated. No verified ultimate beneficial owner is identified.

Data availability

Zavia’s underlying provider record for this company lists only five minority institutional holders (index/quantitative funds managed by Dimensional Fund Advisors) out of a stated ten total records, with combined percentages of roughly 74% among the five records shown. These figures do not reconcile with the CONSOB-disclosed shareholder base described above, do not include the company’s actual controlling shareholder, and are treated here as an incomplete, non-representative slice of the free float rather than a complete shareholder register; this overview instead relies on the CONSOB relevant-shareholdings register and the company’s own investor-relations disclosure. Availability is classified as “Major shareholders only”: only shareholdings above the statutory 5% threshold are publicly disclosed for this listed company.

Sources

CONSOB, Azionariato rilevante — Banco di Desio e della Brianza S.p.A. (data as of 31/12/2024): https://www.consob.it/web/area-pubblica/w/banco-di-desio-e-della-brianza-spa-azionariato

Banco Desio, Shareholding (as of 27 April 2023): https://www.bancodesio.it/en/content/shareholding

Banco Desio, Profilo Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A.: https://www.bancodesio.it/sites/default/files/Profilo_BU.pdf

Retrieval date: 2026-09-24.

Directors and officers of Banco di Desio e della Brianza S.p.A.

Banco di Desio e della Brianza S.p.A. is administered by a Board of Directors (Consiglio di Amministrazione) renewed by the ordinary shareholders’ meeting of 30 April 2026 for the 2026–2028 term, composed of 13 members, including three members forming the Management Control Committee. Current board leadership comprises Stefano Lado as Chairman (Presidente), Agostino Gavazzi as Honorary Chairman (Presidente onorario), and Gerolamo Gavazzi as Vice Chairman. At the same meeting, Stefano Vittorio Kuhn was appointed Chief Executive Officer and General Manager (Amministratore Delegato e Direttore Generale), succeeding Alessandro Decio. Other current directors identified on the bank’s governance page include Emiliano Barcaroli, Graziella Bologna, Valentina Casella, Stefania Chiaruttini and Tito Gavazzi; the source indicates further members complete the 13-seat board who are not individually itemised there. Senior control-function officers named on the bank’s governance page include the Dirigente Preposto (Chief Financial Reporting Officer), the Head of Internal Audit, the Head of Risk Management, the Head of Compliance, the Head of Anti-Money Laundering, the Head of Internal Validation and the Data Protection Officer. This overview is dated to a retrieval date of 24 September 2026 and reflects appointments effective from the 30 April 2026 shareholders’ meeting.

Recent officer changes

• Appointment: Stefano Vittorio Kuhn was appointed Chief Executive Officer and General Manager, effective from the ordinary shareholders’ meeting of 30 April 2026. Source: https://www.pltv.it/news-credito/banco-desio-ufficializza-la-nomina-di-stefano-vittorio-kuhn-ad-ad
• Departure: Alessandro Decio’s mandate as Chief Executive Officer and General Manager ended at the same 30 April 2026 meeting; he subsequently took up the equivalent role at IBL Banca. Source: https://www.pltv.it/news-credito/banco-desio-ufficializza-la-nomina-di-stefano-vittorio-kuhn-ad-ad
• Board renewal: The full Board of Directors was renewed for the 2026–2028 term at the 30 April 2026 ordinary shareholders’ meeting, with Agostino Gavazzi moving from an executive director role to the honorary chairmanship. Source: https://www.investiremag.it/investire/2026/04/30/news/banco-desio-cambio-ai-vertici-kuhn-nuovo-ad-e-dg/

Data availability

Officer information for Italian companies is available through the Registro Imprese and, for listed banks, through governance disclosures required by CONSOB and the Bank of Italy. None of the sources reviewed disclosed the nationality of any officer, so nationality is recorded as “Not disclosed” for all individuals named above; the country code associated with officers in Zavia’s underlying provider record reflects a correspondence address only, and has not been used here to infer nationality or residence. That same provider record shows all 13 stored officer entries as “Active” with no appointment or resignation dates, and includes a person identified by job title as the bank’s 1909 founder; that founder’s “Active” status is very unlikely to be current, and the record’s dates are unavailable, so this overview instead relies on the bank’s own governance pages and contemporaneous news coverage of the April 2026 shareholders’ meeting, which are more current than the stored provider record. Exact appointment dates for individual directors beyond the 30 April 2026 renewal date were not located in the sources reviewed. No dates of birth are published in this overview.

Sources

Banco Desio, Consiglio di Amministrazione: https://www.bancodesio.it/it/chi-siamo/governance/sistema-di-governance/consiglio-di-amministrazione

Banco Desio, Management: https://www.bancodesio.it/en/about-us/governance/our-governance-model/management

PLTV.it, “Banco Desio ufficializza la nomina di Stefano Vittorio Kuhn ad AD”: https://www.pltv.it/news-credito/banco-desio-ufficializza-la-nomina-di-stefano-vittorio-kuhn-ad-ad

Investire Magazine, “Banco Desio, cambio ai vertici: Kuhn è il nuovo ad e dg”, 30 April 2026: https://www.investiremag.it/investire/2026/04/30/news/banco-desio-cambio-ai-vertici-kuhn-nuovo-ad-e-dg/

Retrieval date: 2026-09-24.

Group structure of Banco di Desio e della Brianza S.p.A.

Banco di Desio e della Brianza S.p.A. is the parent company of Gruppo Banco Desio, a banking group registered with the Bank of Italy. It is not itself a subsidiary of another operating company, but a majority of its voting rights is controlled by Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A., a family holding company that CONSOB’s register of relevant shareholdings shows holding approximately 51.6% of voting rights. No verified corporate entity controlling Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A. itself was identified in the sources reviewed. Verified direct subsidiaries of Banco di Desio e della Brianza S.p.A. include Fides S.p.A., a consumer-credit intermediary wholly owned by the bank, and Desio OBG S.r.l., a securitisation vehicle used for the bank’s covered bond programme. Following its 2019 merger with Banca Popolare di Spoleto S.p.A., the group’s retail network also extends beyond Lombardy into Piedmont, Emilia-Romagna, Veneto, Tuscany, Lazio, Umbria and Sardinia, though Banca Popolare di Spoleto no longer exists as a separate legal entity. This overview is dated to a retrieval date of 24 September 2026 and reflects a partial view of the group; not every indirect entity may be captured.

Verified corporate relationships

Recent structural changes

• Acquisition: Banco di Desio e della Brianza S.p.A. acquired 89.23% of Dynamica Retail S.p.A., with closing on 1 June 2024. Source: https://www.bancodesio.it/sites/default/files/downloads/Comunicato_stampa_Closing_Dynamica_-_1INFO.pdf
• Merger: Dynamica Retail was merged by incorporation into Fides S.p.A., effective 6 December 2025, consolidating the group’s salary-backed consumer-credit business under Fides S.p.A. Source: https://www.pltv.it/news-credito/dynamica-retail-fusa-in-fides-piena-continuita-di-servizio-per-i-clienti

Data availability

Zavia’s underlying provider record for this company shows a group tree rooted at Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A., which is consistent with the CONSOB-verified controlling shareholder; the provider record’s subsidiary listing (Fides S.p.A., Desio OBG S.r.l. and Dynamica Retail) is also broadly consistent with verified sources, except that it does not yet reflect the December 2025 merger of Dynamica Retail into Fides S.p.A. Ownership percentages for Desio OBG S.r.l. are not fully disclosed in the sources reviewed; sources describe Banco di Desio e della Brianza S.p.A. only as its majority shareholder, without stating an exact percentage. Availability is classified as “Partial”: the immediate controlling shareholder and principal direct subsidiaries are verified, but not every ownership percentage in the chain is disclosed, and more distant indirect entities may exist that are not captured here.

Sources

CONSOB, Azionariato rilevante — Banco di Desio e della Brianza S.p.A.: https://www.consob.it/web/area-pubblica/w/banco-di-desio-e-della-brianza-spa-azionariato

Banco Desio, Fides: https://www.bancodesio.it/it/content/fides

Banco Desio, Covered Bonds Programme: https://www.bancodesio.it/en/content/covered-bonds-programme

Banco Desio, Closing dell’acquisizione di Dynamica Retail: https://www.bancodesio.it/sites/default/files/downloads/Comunicato_stampa_Closing_Dynamica_-_1INFO.pdf

PLTV.it, “Dynamica Retail fusa in Fides”: https://www.pltv.it/news-credito/dynamica-retail-fusa-in-fides-piena-continuita-di-servizio-per-i-clienti

Retrieval date: 2026-09-24.