SACE SpA, a Cassa depositi e prestiti SpA subsidiary, named Dario Liguti chief underwriting and business innovation officer, effective March 15.

Liguti replaces Alessandra Ricci, who moved to become CEO of CDP unit SIMEST SpA in October 2017.

Liguti previously worked at General Electric Co. for 11 years, most recently as global head of government and export finance. He has also served at the Council of Europe Development Bank and the European Commission.

SACE offers various insurance and financial products including export credit, investment protection and financial guarantees in Italy.