Biography


Since he was a little boy, Ernesto Preatoni was passionate about the finance and the stock market world. This was all thanks to the friendship and the teachings of Aldo Ravelli, for decades the number one man at the Italian stock exchange. He starts his career in 1967 as a financial consultant and promoter, and within a short period of time he becomes head of his own department of sales.

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The beginning


Since he was a little boy, Ernesto Preatoni was passionate about the finance and the stock market world. This was all thanks to the friendship and the teachings of Aldo Ravelli, for decades the number one man at the Italian stock exchange. He starts his career in 1967 as a financial consultant and promoter, and within a short period of time he becomes head of his own department of sales.

In 1971 he becomes President of the Italian Association for Financial Consultants where his work consists in directing private savings into targeted investments, such as fixed income products, operations in the currency trades and real estate activities – the area in which he specializes, becoming one of the most known entrepreneurs in his sector in the 70s and the 80s.

In 1984 with the arrival of investment funds in Italy and the boom of the Italian stock market, Preatoni concentrates his activity on the banking industry and carries out his first important financial operation by participating in the takeover of Bi-Invest, the first case of affirmation of the market and the stock market on a big financial group.

Other successful operations were made with the banks listed on the counter market, such as Banca del Friuli and especially the climb of Banca Popolare di Lecco that started in the first months of 1986 and finished in the summer of 1988.

The activities in the banking world continued with the climb of Credito Bergamasco and Banco di San Gimignano e San Prospero and with the establishment, in 1988, of Parin SIM, a brokerage company that reaches to manage more than ITL 750 billion (430 milions USD) and it also funds the climb of Popolare di Crema.

 

Domina and Sharm el Sheikh


In the same year Domina Hotel and Comproprietà Alberghiere are born, a company active in the field of hotel and timeshare ownership. Initially Domina could count on their eight hotels in luxurious locations Italy like Courmayeur, Cortina, Positano and Portofino. In the first years of the 90s Preatoni concentrates principally on two geographic areas, using the development opportunities offered by the two markets of Egypt and the Baltic States. His first important activity is the design and the development of the biggest resort in the Middle East, the Domina Coral Bay in Sharm El Sheikh, in the peninsula of Sinai. This activity encouraged the explosion of tourism in the area and gave Preatoni a nickname in Italy “the inventor of Sharm”.

 

The Baltics and Russia


In 1996 Preatoni starts to invest in the Baltics, discovering the huge possibilities of financial and commercial development. After an important and profitable investment in the second bank of the Baltics, the Uhispank, follow a series of real estate investments in Latvia and Lithuania with the Domina Shopping and the Kristiine Shopping Center. These real estate activities are achieved through ProKapital, a leader real estate company in the Baltic States that started its activity in the area more than 10 years ago. The portfolio of their building development projects in Riga, Vilnius and Tallin includes strategically placed shopping centers, hotels, residential complexes that take up an area of more than 320 000 square meters and have more than 250 million euro invested in them. The projects that are being worked on at the moment in Baltics total to an area of about 350 000 square meters and have about 358 million euro invested in them. ProKapital planned and built business- and superior- class hotels in Italy, Germany and Russia and is amplifying their activity on the hotel and the shopping centre market in Ukraine.

Over the years, Preatoni has invested in Russia where, besides residential estate, he has already built two five-starred hotels, one in St. Petersburg and one in Novosibirsk, capital city of Siberia.

Six more hotels are under costruction in the following cities: Krasnoyarsk, Tyumen, Yekaterinburg, Kaliningrad, Lipetsk e Tomsk.

 

In Italy


At the same time, for almost 20 years, Domina Vacanze has established itself in Italy in the field of vacation and hotel ownership and continues to enrich its portfolio with new hotels and touristic complexes arriving to having 40 hotels some of which are their own property, some in management and some in management and franchising. In July of 2012 Preatoni became Chief Executive Officer of Domina Vacanze Holding, a company that manages and controls the Domina Vacanze Italia, a leader in hotel ownership, Immobiliare Novate, the owners of Hotel Domina Inn Fiera Milano, 194 rooms, and of PK Sicily, the owners of Domina Coral Bay Hotel & Resort Sicilia, 400 rooms, in Santa Flavia, Palermo.

 

The pragmatic economist


In November 2012 Preatoni designed the anti-depression site called “una Scelta Diversa” (a Different Choice), a source of inspiration and debate to start a discussion about the role of the Bce in Europe, about the economic and monetary politics adopted in the single states of the European Union, especially in Italy. The anti-depression site is for everybody; workers, entrepreneurs, students and for anybody who wishes for a better future, economic growth and development and does not want austerity and depression. In 2013 he becomes the co-author of the interview-book “Il Pionere- L’inventore di Sharm El Sheikh” or “A Pioneer- the Inventor of Sharm El Sheikh”, a story about Preatoni’s life and career as interviewed by Fabio Tamburini, the director of Radio24. From 2012 Ernesto Preatoni is a commentator at Italian newspapers “Libero”, “Affari Italiani” and from 2013 also at “il Giorno”. In October 2014 Ernesto Preatoni is also co-author of the book-interview “La vita oltre l’Euro”, a sharp conversation with Giorgio Mazzucca, Director of “Il Giorno”, dedicated to analysing why Euro is not working and to understand why the bounds of Euro could make Italy and Europe dramatically sink.

Preatoni has been a columnist for Italian newspapers “Il Giorno” and “Libero” for years, and his sections are really appreciated. He’s often called as a guest on Italian talk shows.