Italian Fund Clessidra CEO Claudio Sposito Dies at Age 60

Claudio Sposito, founder and chief executive officer of Italian private equity firm Clessidra SGR SpA, has died at the age of 60, a company spokesman said. Sposito passed away last night after a brief illness, the spokesman said.

Claudio Sposito

Source: Clessidra SGR SpA

Sposito was a former managing director for Morgan Stanley in Italy in the 1990s and also served as a CEO for Silvio Berlusconi’s investment company Fininvest SpA in Milan.

Sposito founded Clessidra in 2003 and the firm subsequently built up investments in businesses including Italian clothing company Cavalli, airline Alitalia SpA and financial services provider Istituto Centrale delle Banche Popolari SpA.