Arpe: Back on the scene

Matteo Arpe, Italian banking’s enfant terrible, is staging a modest comeback. His purchase of Banca Profilo, a small Milanese wealth manager, marks an understated return to the banking sector for the former Capitalia chief. But Arpe’s confrontational style has earnt him plenty of enemies over the years. His return to the big league may be slow. Arpe checked out of banking two years ago following a bust-up with Capitalia’s controversial chairman, Cesare Geronzi. He is now taking 51% of Profilo t...