Mediobanca
Group Treasury ALM Expert
Matteo Formenti is a treasury and risk management expert with over 15 years of experience in Asset Liability Management (ALM), liquidity pricing, and behavioural modelling.
He currently works in Group Treasury at Mediobanca, focusing on behavioural modelling, liquidity and funding strategies, and balance sheet optimization. Previously, he led the Fund Transfer Pricing (FTP) Team at UniCredit Group, where he was also a Senior Expert in Market and Counterparty Credit Risk Models, developing methodologies for ICAAP, Basel III, and IFRS-13 fair value frameworks.
His earlier experience includes banking book interest rate trading, stress testing, and developing structural models for Credit VaR and liquidity risk. Matteo combines quantitative expertise with strategic insight into treasury processes and balance-sheet risk dynamics.
Alongside his professional role, Matteo is an External Professor of Asset Management (Master and PhD) at LIUC University, Castellanza, and teaches Market Risk at MIP Politecnico di Milano. He has previously lectured at HEC Paris and Tor Vergata University, Rome.
Recognized for his structured thinking and clear communication, Matteo bridges academic research with real-world treasury and risk management practice, contributing to both industry innovation and education.
Why the “core” of non-maturity deposits cannot be estimated by inertia: sharp rate movements, the growing gap between historical models and current behaviour, and what banks must challenge in their assumptions.
