Always impeccably dressed, the consummate gentleman but with a bit of a twinkle in his eyes ...

I have been a client, colleague, and friend of Giulio's throughout the past 28 years. And how lucky I have been. It goes without saying that Giulio has made a huge mark in the securities industry. Giulio may have had the single greatest impact on the Italian and global securities markets.

His ingenuity, drive, and creativity turned around the global investment and trading community's confidence in the Italian market through creation of a reliable and efficient clearing and settlement mechanism.

Throughout his career he always sought to push the envelope to find elegant solutions to complex problems. But even greater than his industry contributions, Giulio will be remembered for his zest for life, his energy, charm, and warm smile. His spontaneity and ability to think outside the box has been a delight. I can't even count the number of times I've heard him say, "Come on. Let's do it. Now. Lets go! Come on..."

Always impeccably dressed, the consummate gentleman but with a bit of a twinkle in his eyes, he could talk about art, food, or wine, as easily as securities. He has left nothing but happy memories in the lives of all he has touched. As I think of him, he brings a smile to my face. That is the true gift that he has given us.

Thank you Giulio so much for sharing your enormous heart with us.

Thanks and rgds.

Ann