Arafa Holding has appointed former Mediobanca MD Maria Luisa Cicognani (bio) as its new non-executive chair while Edita CEO Hani Berzi (bio) has been made an independent board member, the company said in a bourse filing (pdf) yesterday. Cicognani was a non-exec member of Arafa’s board from 2018 and 2020 and has chaired Mobius Investment Trust since 2018.