Fabrizio Saccomanni

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Fabrizio Saccomanni
Fabrizio Saccomanni.jpg
Minister of Economy and Finances
In office
28 April 2013 – 22 February 2014
Prime Minister Enrico Letta
Preceded by Vittorio Grilli
Succeeded by Pier Carlo Padoan
Personal details
Born (1942-11-22) 22 November 1942 (age 71)
Rome, Italy
Political party Independent
Alma mater Bocconi University

Fabrizio Saccomanni (born 22 November 1942) is an Italian economist, civil servant and the former deputy governor of the Bank of Italy. He served as Italy's minister of economy and finances between April 2013 and February 2014.

Early life and education[edit]

Saccomanni was born in Rome on 22 November 1942.[1][2] He holds a master's degree in economics and business, which he received from the Bocconi University in 1966.[3] He also took postgraduate courses in monetary and international economics at Princeton University.[1]

Career[edit]

Saccomanni worked at the Bank of Italy most of his career.[4] His tenure at the bank interrupted only when he worked at the International Monetary Fund (1970 – 1975) and at the London-based European Bank for Reconstruction and Development where he served as vice president from 2003 to 2006.[5] He also served as the chairman of the foreign exchange policy committee of the European Monetary Institute from 1991 to 1997 in addition to his post at the Bank of Italy.[6]

He was the director general of the Bank of Italy where he started his career in June 1967.[3][7] He was appointed director general on 2 October 2006 and reappointed in 2012.[1] He was also a board member of the Bank for International Settlements and an alternate to the governor of the Bank of Italy in the Governing Council of the European Central Bank.[3]

On 27 April 2013, prime minister-designate Enrico Letta announced that Saccomanni would serve as minister of economy and finances in his cabinet.[8] His term began on 28 April and he replaced Vittorio Grilli in the post.[9] Saccomanni was one of the technocrats in the Letta cabinet.[10] Saccomanni was replaced by Pier Carlo Padoan as minister of economy and finances on 22 February 2014 when the government led by Matteo Renzi was formed.[11][12]

Works[edit]

Saccomanni published a book in 2008 about financial crisis experienced, Managing international financial stability: National tamers versus global tigers.[6]

Awards[edit]

Saccomanni was named by his alma mater, Bocconi University, as the alumnus of the year in 2011 for his professionalism, entrepreneurial spirit, integrity, responsibility and open-mindedness.[3]

References[edit]

  1. ^ a b c "Fabrizio Saccomanni". Bank of Italy. Retrieved 27 April 2013. 
  2. ^ "The new Italian government of Prime Minister Enrico Letta". Cosmopolis. 30 April 2013. Retrieved 6 June 2013. 
  3. ^ a b c d "Alumnus of the Year: Fabrizio Saccomanni". Bocconi Alumni Association. Retrieved 27 April 2013. 
  4. ^ "Factbox: Key ministers in Enrico Letta's new Italian government". Reuters. 27 April 2013. Retrieved 27 April 2013. 
  5. ^ Biondi, Paolo (21 September 2011). "Saccomanni seen replacing Draghi as Bank of Italy chief". Reuters. Retrieved 27 April 2013. 
  6. ^ a b "Bank of Italy's Saccomanni on Financial Stability". Peterson Institute for International Economics. 11 December 2008. Retrieved 27 April 2013. 
  7. ^ James Mackenzie; Gavin Jones. "Italy's Letta names new government". Reuters. Retrieved 27 April 2013. 
  8. ^ "Italy PM-designate Enrico Letta agrees new government". BBC. 27 April 2013. Retrieved 27 April 2013. 
  9. ^ Dinmore, Guy (28 April 2013). "Mayhem greets Italy’s grand coalition". Financial Times (Rome). Retrieved 29 April 2013. 
  10. ^ Dionisi, Brenda (9 May 2013). "It's a governissimo!". The Florentine (183). Retrieved 12 May 2013. 
  11. ^ "Minister". Ministry of Economy and Finance. Retrieved 14 July 2014. 
  12. ^ Andrew Frye; Chiara Vasarri (22 February 2014). "Renzi Sworn in as Italian Premeir After Toppling Letta". Bloomberg News. Retrieved 14 July 2014. 
Political offices
Preceded by
Vittorio Grilli
Minister of Economy and Finances
2013–2014
Succeeded by
Pier Carlo Padoan