Italy's Equita hires Lazard banker Schiavina

MILAN (Reuters) - Italian boutique investment bank Equita has hired former Lazard banker Edoardo Schiavina as managing director to strengthen its industrial advisory team, it said on Tuesday.

Schiavina joins Milan-based Equita after a 14-year stint at Lazard where he worked on more than 30 deals for a total value of 25 billion euros ($26 billion).

"Equita's growth in the Industrial sector mirrors expansion in other verticals such as Consumer and Financial Institutions Group (FIG) and is part of the wider group's Equita 2024 strategy to build a leading independent investment banking platform in Italy," it said in a statement.

Equita announced in September it was hiring Rothschild banker Alessandro Fustinoni as managing director to strengthen its FIG team.

"During 2022 we were able to attract several senior professionals with international backgrounds and established careers," Equita head of advisory and co-head of investment banking Carlo Andrea Volpe said.($1 = 0.9494 euros)

(Reporting by Elvira Pollina; Editing by Valentina Za)

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