Riccardo Barbieri is the new Chief Executive Officer of the Treasury
Riccardo Barbieri was named director general of the Treasury. He will take the place of Alessandro Rivera which, as told by Affaritaliani.it, he was no longer in the good graces of many members of the executive. The choice, however, surprises: until this morning, in fact, many took for granted the appointment of Antonino Turicchi, current president of Ita. However, doubts about the salary ceiling and the need to conclude the Ita dossier have probably led to Giancarlo Giorgetti for a “surprise” appointment.
The Ministry of Economy and Finance has sent to the Presidency of the Council, for the purposes of inclusion in the agenda of the Council of Ministers (which will be held at 18.30 today 19 January), the proposed appointment of directors general of Treasury departments (Riccardo Barbieri), Accounting (Biagio Mazzotta) and General Administration of Personnel and Services (Ilaria Antonini).
“Minister Giancarlo Giorgetti – reads the note – thanks the outgoing members for the work carried out with dedication and competence. Furthermore, the MEF will present a proposal for the reform of the organizational model with the aim of ensuring the achievement of the important objectives assigned primarily at the European level and international through a different articulation of the departmental structure“.
With this choice Giancarlo Giorgetti find a third way to the one advocated by the two areas of government: bring down Rivera, but without relying on Turicchi. A solution which, among other things, becomes a perfect bank for the Third Pole. It is no coincidence that Luigi Marattin promptly expressed himself on LinkedIn blessing Giorgetti’s decision: “Riccardo Barbieri – the new General Manager of the Treasury in Rivera’s place – is an excellent choice, a first-rate person. He leaves the role of boss uncovered MEF economist, a crucial role for public finance forecasts. Let’s see who will be replaced in that role”.
Who is Riccardo Barbieri
Riccardo Barbieri Hermitte, 64 years oldis currently in charge of Directorate I of the Treasury Department, in charge of financial economic analysis. He is an economist and market strategist with twenty-five years of experience in the financial markets, where he worked for some of the major investment banks, JP Morgan, Morgan Stanley and Bank of America-Merrill Lynch. He was the head of the Independent Research Department and Chief Economist at Mizuho International, the London branch of the Japanese investment bank Mizuho Securities. Born in Rome, he grew up in Milan, where he graduated with honors in Economics and Social Sciences from Bocconi.
He then spent five years in the USA, earning a Phd in Economics from New York University . At JP Morgan he was chief economist and then head of research in Italy. In 1995 he moved to London as Morgan Stanley’s Senior Economist for Southern Europe then Managing Director in 2001 with various roles as Chief Economist for Emerging Markets. In 2007-2009 Barbieri worked for Bank of America. Following the Merrill Lynch acquisition, he became Chief International Economist and Global Head of Bond and Currency Market Research. In 2010 Barbieri consulted and held some lessons at the London School of Economics, before joining Mizuho in January 2011. In the last four and a half years Barbieri has written mainly on the economy and markets of the Eurozone, ensuring Mizuho a presence of everything importance in the economic and market debate.
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