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


Giorgio Makula

Board Member

Giorgio Makula is Board Member and 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.