DECALIA’s wealth management team comprises seasoned investment professionals, who master all aspects of private banking.


Edoardo Ravano

Private Banker

Edoardo Ravano is a Private Banker in the wealth management team, where he works with family offices and private clients. Edoardo Ravano joined DECALIA in May 2018.

Prior to that, he worked in London in Morgan Stanley’s private wealth management division as a financial analyst and in Goldman Sachs as a wealth advisor for private clients.

Edoardo Ravano has graduated in Finance at Università Commerciale Luigi Bocconi and obtained a Master in Risk and Asset Management at Edhec Business School in Nice.

Giorgio Makula

Executive director

An Executive Director since June 2018, Giorgio Makula has thirty years of experience in the financial markets, where he has played several roles.

Before joining DECALIA, Giorgio Makula headed the Rome and Florence offices of Banca Leonardo and was Vice Chairman of Leonardo SGR. Prior to that, he worked at Deutsche Bank, as Executive Director of DB SIM, Managing Director of Deutsche Bank AG as Head of Equity in Italy, Board Member of DB Fondi. Furthermore, he was Board member at Euram Bank (Vienna), Kairos Fund Int. and One Investment (Lugano).

Armando Beninati


Armando Beninati holds a bachelor in business administration from Bocconi University in Milan.

Before joining in Astor, predecessor of DECALIA, he worked as analyst in Muzinich & Co. in London and Milan within the Italian private debt team. At Astor, he worked as part of the investment team.

Stefano D’Errico


Stefano D’Errico holds a Bachelor Degree in Economics and Management at Università Cattolica del Sacro Cuore in Milan and earned a Master in Finance at HEC Lausanne.

He joined the Wealth Management team of Decalia in April 2019 as analyst in the Investment Team.