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Announcements: Obituaries

Former EBRD VP Risk Management, Fabrizio Saccomanni ('06) passed away

08 August 2019  


I lost a friend. We all did. Last 8 August Fabrizio Saccomanni passed away unexpectedly, on his first day on holidays. Fabrizio’s big, warm, generous heart betrayed him, and with him it betrayed all those who knew him and loved him.

Fabrizio Saccomanni had been Vice President Evaluation & Operational and Environmental Support at the EBRD, from 1 January 2003 to 31 December 2006.

Those who had a chance to work with him will remember Fabrizio as a true gentleman and as a competent and knowledgeable Vice President. I was a Board Director at that time and cannot forget Fabrizio’s financial savviness, like for instance his early warnings about the danger inherent in CDOs. History was to prove him right in a brutal way, as we know.

Fabrizio studied monetary economics at Princeton University and spent most of his professional career at the Bank of Italy, the Italian central bank. In fact, the only time he parted with the Bank of Italy was to join the EBRD. Subsequently, he went back to the Bank of Italy as Deputy Governor. He was then asked to serve as Minister of Economy and Finance and, up until August, he was President of Unicredit.

Fabrizio was restless and was always at the centre of the economic debate, both in Italy and in international fora. He had assignments at the IMF, the BIS, and the ECB. He held courses at the London School of Economics and at the Paris School of International Affairs. He never lost interest in the multilateral world (and the EBRD in particular, of which he was very fond) and was a member of the G20 Eminent Persons Group on Global Financial Governance.

In brief, Fabrizio Saccomanni had a stellar professional career. Yet, his professional achievements pale away as compared to Fabrizio’s most unique gift: his beautiful soul. I had known Fabrizio since 1992 and shall never forget Fabrizio’s charming smile and the grace with which he dealt with life and people. Few will.

Ciao Fabrizio.

Enzo Quattrociocche, Secretary General