Published by Global Banking & Finance Review®
Posted on October 27, 2025
1 min readLast updated: January 21, 2026
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Numia appoints Nicola Cordone, former SIA CEO, as chairman, strengthening its leadership in Italy's payments industry.
MILAN (Reuters) -Numia, a payments firm backed by Italy's third-largest bank Banco BPM, said on Monday it had appointed Nicola Cordone as chairman.
Cordone, 59, was chief executive of payment infrastructure provider SIA between 2018 and 2020, before it merged with rival Nexi in 2021.
He has since held board and risk committee roles at major financial institutions.
He succeeds Massimo Arrighetti, who becomes honorary chairman.
Numia, led by CEO Fabio Pugini, was born in 2024 as a partnership between Banco BPM, which contributed its merchant payments business to the venture, and unlisted cooperative group Iccrea Banca, which had already joined forces in the payments business with domestic private equity group FSI.
The group said at the time it ranked as the second largest player in Italy, handling around 100 billion euros worth of transactions a year, with some 8 million cards and payment services for around 400,000 retail outlets.
FSI holds just under 43% of Numia, while Iccrea and Banco BPM each have 28.6%.
(Reporting by Valentina ZaEditing by Keith Weir)
A chairman is the head of a board of directors in a company, responsible for overseeing meetings, guiding discussions, and ensuring the board fulfills its governance responsibilities.
A risk committee is a group within an organization that is tasked with identifying, assessing, and managing risks that could impact the company's operations and objectives.
A financial institution is an organization that provides financial services, such as banks, credit unions, insurance companies, and investment firms, facilitating transactions and managing money.
A merger is a business transaction in which two companies combine to form a single entity, often to achieve greater efficiency, market share, or financial strength.
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