Enrico Braggiotti

Enrico Braggiotti (27 January 1923 – 31 October 2019)[1] was a Turkish-born Monegasque banker.

Enrico Braggiotti
Enrico Braggiotti
President of the Banca Commerciale Italiana
In office
1988–1990
Personal details
Born(1923-01-27)27 January 1923
Turkey
Died31 October 2019(2019-10-31) (aged 96)
Nationality Monaco
ProfessionBanker

Biography

Braggiotti was born in Turkey to Latin Catholic church family. His father Etienne, was the former head of the Ottoman Bank, and his mother, Renata Solari, was Italian. He was married to Magda de Portu who was born in Paris. He was the father of four children: Jean-Luc, Gérard, Sandra and Silvana.

Braggiotti left Turkey a few weeks after he was born, and moved with his parents and his sister to the Principality of Monaco, where his grandfather Henri and his grandmother Appolonie Trullet,[2] the child of a famous family of sailors from Saint-Tropez (her grandfather was Jean-François-Timothée Trullet, commander of the Guerrier, French battleship involved in the Battle of the Nile).

Braggiotti studied at the Lycée de Monaco, and then was hired by the Banca Commerciale Italiana (Comit) where he worked until his retirement in 1990.

In 1993, he was indicted in the Enimont affair, and was found guilty of receiving bribes from Raul Gardini.

Career

His career at the bank is pretty standard: 1950 in Casablanca, 1955 in Italy, and 1960 at the Central Division in Milan. In 1965 he became a member of the Central Division Committee, Vice-Executive in 1984, and President in 1988.[3]

During the 1980s, the Italian banking system went through deep structural transformations to become international, a process through which most nationalized banks became privately held, including the famous Mediobanca. The Banca Commerciale Italiana led the way to this national transformation, in which Braggiotti played an important role through his position and responsibilities.

In 1990, Braggiotti left the head of the Banca Commerciale Italiana and returned to his homeland: Monaco. He becomes the CEO of the Compagnie Monégasque de Banque, succeeding to Pierre-Paul Schweitzer, and got involved in the capital with a group of Monegasques, including Jean-Charles Rey’s family. As board members, he gathered a round of high-profile French personalities: Raymond Barre, Antoine Bernheim, Jean-François Poncet, Raoul Biancheri, Henry Rey. Braggiotti became a full-fledged Monegasque in 1992. He was also appointed as administrator for the Société des Bains de Mer in 1988.

In 2004, the Compagnie Monégasque de Banque's stockholders decided to sell their Mediobanca shares.[4] In 2006, Braggiotti left the CMB.

The Monaco Méditerranée Foundation

Enrico Braggiotti now focuses on the Monaco Méditerranée Foundation (MMF) which organizes under the supervision of the Prince Albert II periodic conferences with distinguished personalities from France and Italy. The Monaco Méditérranée Foundation became the dynamo of Monaco's cultural life. Among other things, the Principality of Monaco enrolled the MMF in the management of the Anna Lindh Foundation, a Foundation where Enrico Braggiotti is an active member since the Principality joined the Union for the Méditerranée.

Boards

During his career, Enrico Braggiotti has been board member of Lehman Brothers in New York City, of BNP Paribas (Paris), of Sudameris (Paris), of Mediobanca (Milan), of the Ciments Français (Paris), of the Société des Bains (Monaco), and President of the Compagnie Monégasque de Banque (Monaco).

Titles

References
  1. https://www.ilsole24ore.com/art/e-morto-l-ex-banchiere-enrico-braggiotti-ACAfgov
  2. (in French) Trullet's family genealogy Archived 10 July 2011 at the Wayback Machine
  3. (in French) Interview with Enrico Braggiotti on MaFinance
  4. Mediobanca SpA acquires remaining interest in CMB, alacrastore.com
  5. (in Italian) Federazione Nazionale dei Cavalieri del Lavoro
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