About Itare

About us

Itare is a counsulting and financial advisory firm highly specialized in emerging markets

Our story

ITARE is a highly specialized consulting and financial advisory firm set up in 2016 by a group of Top Managers and professionals with a unique combination of expertise and experience in transaction financing and business development in emerging markets, with a particular focus on the Sub-Saharan Africa Region.

ITARE provides strategic and financial advisory services on EPC+F, export and investments for contractors and exporters as well as specialized technical assistance to financial institutions such as export credit agencies (ECAs), banks and credit guarantors.

Our goals

ITARE supports its clients and partners in combining commercial strategies, business development with
financial solutions and risk management. It works with SMEs, Large Multinational Corporate, Banks,
Private Insurers, Export Credit Agencies (ECAs), and Development Finance Institutions (DFIs).

ITARE aims to contribute to the development of essential infrastructures and integrated value chain
initiatives in strategic sectors like agribusiness and food security, and to promote the development of trade with Africa and other emerging markets.

Raoul Ascari

Chairman

Mr. Ascari was Chief Operating Officer of SACE S.p.A, the Italian Export Credit Agency. He joined SACE in 2000 where he was also Chief Financial Officer and Chairman of the SACE BT subsidiary. Between 2006 and 2009, Mr. Ascari served as Deputy Chairman and Chairman of the Berne Union Medium-long Term Committee (the association of all ECAs defining the set of common rules and practices known as the “OECD Consensus”).

Prior to joining SACE, Mr. Ascari worked for FIAT USA where he held the position of Vice President for International Finance and Head of the Washington DC FIAT office. His previous experience also includes the World Bank, where he worked in the East Africa Region as Advisor to the Italian Executive Director and Member of the Board.

Riccardo Fanelli

Managing Director

Mr. Fanelli has more than 25 years of experience in the export credit business. He was responsible for the “New Frontiers – Africa Program” in SACE until June 2016 and previously Head of SACE’s Office in Johannesburg competent for SACE’s activity in 49 countries. 

Earlier he headed up SACE Kenya desk in Nairobi at the African Trade Insurance Agency. Before moving to Africa, he was the Head of the Bank Risk Assessment and Monitoring Team, and he headed the Group’s domestic network of SACE’s credit and risk analysis department in Rome.

Giorgio Traietti

Head of Business Development

Mr. Traietti worked for SACE S.p.A. from 2009 to 2017, reaching the position of Head of East Africa, based in Nairobi, in 2015. P

reviously he was a Political Risk Insurance Underwriter and an Account Manager. He wrote several articles for the specialized press about African markets, including the Italian magazine Limes.

Davide Aggazzotti

Project and Export Finance Manager

Mr. Aggazzotti has a diversified experience in EPC+F and export credit managing a portfolio of transactions in Africa and the Middle East, with sovereign and private borrowers. 

Before joining ITARE, he was a management consultant at PwC Advisory in Milan and Policy Underwriter at SACE.

Fabio Gazzetti

Trade and Supply Chain Finance Manager

Mr. Gazzetti was Head of Treasury at N.F. Food SpA in Modena (Italy). In this role he gained experience in cash flow and liquidity management. 

He attended a post-graduated specialization course in Corporate Treasury Management and obtained a Master of Science in Finance and a Bachelor’s Degree in Business Economics from the University of Modena and Reggio Emilia (Italy).