
Provoke EMEA: Excellera CEO On EMEA Corporate Affairs
Participants:
. Paolo Zanetto, CEO, Excellera Advisory Group
. Paul Holmes, founder, PRovoke Media
The following conversation has been edited for clarity and brevity.
Five key takeaways:
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The future of corporate affairs is integrated and multidisciplinary.
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Private equity interest is driving growth and innovation in communications.
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True strategic leadership requires both cross-functional expertise and regional fluency.
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EMEA is emerging as the epicenter of a new kind of public relations firm.
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The next generation of communications leaders must combine business fluency with coordination skills.
Paul Holmes: You've stayed under the radar, but now you're launching Accelera more publicly. Tell us about its journey and your thinking behind the structure.
Paolo Zanetto: Exccelera started in Italy with the recognition that corporate affairs was no longer just about public affairs. Clients were demanding integrated support - across reputation, regulation, and financial matters. We brought together leading specialists from different firms into a confederation of brands. Each firm remains autonomous, but we collaborate under a shared strategic view.
PH: Last year saw contradictory market signals - consolidation driven by cost savings on one hand, and massive valuations like KKR's $1.7B investment in FGS on the other. What's attracting investors to this space?
PZ: It's a few things. First, a renewed interest in people-centric businesses, especially post-pandemic. Second, many investors are already users of corporate affairs services - they understand our value. Third, the market is still fragmented. There are powerful regional firms that could thrive as part of a larger platform. But this isn't about size for its own sake - it's about making investments in innovation and talent that individual firms can't make alone.
PH : Let's talk about the role of the chief communications officer or corporate affairs lead. We're seeing a trend toward consolidation - one person overseeing everything from employee comms to investor relations. But some companies are still siloed or even creating new roles like chief geopolitics officer. What are you seeing?
PZ: The trend is toward integration. We don't have consensus on titles - CCO, corporate affairs director, etc. - but the function is consolidating. To work, this model requires two things: one strategic officer with broad vision, and strong domain experts across disciplines. You also need regional nuance - especially as EMEA becomes a strategic focus for multinational firms.
PH : What kind of leaders are needed to succeed in this more complex environment?
PZ: They come from different disciplines - investor relations, public affairs, communications - but the best ones know how to orchestrate across teams. That's the skill: making the specialists work together. At Accelera, we protect the autonomy and brand identity of each firm, but we add that extra layer - coordination, strategy, and the ability to think holistically.
PH: What's next for Excelera? You've established a strong presence in Italy. Will you grow beyond?
PZ: Phase one was national - Italy. Phase two is EMEA. We want to bring together outstanding independent consultancies across the region - from the UK to the Middle East. Our model respects founder-led culture. We don't hand them a manual - we empower them to lead, while benefiting from shared scale and expertise.

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