Mario Draghi

Mario Draghi

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Mario Draghi

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Mario Draghi (; born 3 September 1947) is an Italian banker and economist who has been governor of the Bank of Italy since 16 January 2006. He has been designated to succeed Jean-Claude Trichet as President of the European Central Bank by November 2011.

In his capacity as Bank of Italy governor, he is a member of the Governing and General Councils of the European Central Bank and a member of the Board of Directors of the Bank for International Settlements. He is also governor for Italy on the Boards of Governors of the International Bank for Reconstruction and Development and the Asian Development Bank. In April 2006 he was elected Chairman of the Financial Stability Forum, which became Financial Stability Board in spring 2009.

Biography

Born in Rome, Draghi graduated from La Sapienza University of Rome under the supervision of Federico Caffè, then earned a PhD in economics from the Massachusetts Institute of Technology in 1976 under the supervision of Nobel Laureates Franco Modigliani and Robert Solow. He was full professor at the University of Florence from 1981 until 1991.

From 1984 to 1990 he was Executive Director of the World Bank. In 1991, he became director general of the Italian Treasury, and held this office until 2001. During his time at the Treasury, he chaired the committee that revised Italian corporate and financial legislation and drafted the law that governs Italian financial markets. He is also a former board...
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