Fedesa SAM

Fedesa SAM

Fedesa SAM manages the wealth of the Ferrero family, the reclusive Italian dynasty that built the third-largest confectionery company on earth. Giovanni Ferrero, who assumed executive control from his father Michele in 2011, runs the family office from Monaco's Gildo Pastor Center. His mother, Maria Franca Fissolo, remains an influential matriarch. The office sits alongside CTH Invest, the Brussels-based holding vehicle that controls the Ferrero Group, creating a two-tier governance architecture: an operating holding company in Belgium and an investment office in the principality. The portfolio reflects a family that treats liquidity as a strategic tool. Fedesa allocates across venture capital, corporate bonds, and physical assets — a mix that pairs the yield demands of a multigenerational fortune with the return-seeking posture of a tech-forward allocator. The venture book includes blockchain technology investments, signaling conviction in digital infrastructure as a long-duration theme. On the real-asset side, Fedesa holds commercial property in the United Kingdom and agricultural land across Australia, Chile, and South Africa. The family also maintains a pair of Bombardier Global jets and the motor yacht Smeralda. John Fraser, former chairman of UBS, serves on the Investment Advisory Board, linking the office to global institutional networks. Guido Giannotta runs CTH Invest's day-to-day wealth management. The Ferreros maintain significant lifestyle and reputational capital in the maritime world. Family members sit on the steering committee of the Yacht Club Costa Smeralda and participate actively in the Monaco Yacht Club. These memberships double as sourcing channels — the yachting circuit is a known deal-flow environment for European family offices deploying into venture, real estate, and private credit. The Fondazione Ferrero, the family's philanthropic foundation, operates separately, preserving the industrial and cultural legacy Michele Ferrero built in Alba, Piedmont. The defining structural feature of Fedesa is its permanence. Unlike a multi-family office or a fund manager with redemption pressures, Fedesa allocates for a single family with no external LPs — and no requirement to mark positions to market on anyone's calendar but its own. That architecture lets Giovanni Ferrero take concentrated venture bets, hold illiquid land for decades, and run a bond portfolio as a treasury function rather than a relative-return mandate.