markets

Mediobanca’s Guglielmi Poised to Become Italian Treasury Head

  • Director general appointment could come as soon as next week
  • Guglielmi said risk of Italy leaving euro increasingly remote

Giuseppe Conte

Photographer: Alessia Pierdomenico/Bloomberg

Italian Prime Minister Giuseppe Conte will probably name Mediobanca SpA equity markets head Antonio Guglielmi as director general of the Treasury, according to four people familiar with the decision.

Guglielmi, 47, could be appointed as soon as next week, said two of the people, including a senior lawmaker, who asked not to be identified discussing confidential talks. The move will likely precede Finance Minister Giovanni Tria’s naming of new management at state lender Cassa Depositi e Prestiti SpA, due by June 16.

In a report published in January 2017, Guglielmi said that on financial grounds the risk of Italy leaving the euro was becoming increasingly remote as European Union legislation made debt redenomination too costly.

The key position at the Rome-based Treasury, in charge of implementation of the government’s economic and financial policy decisions, has been vacant since Vincenzo La Via ended a six-year term last month.

A spokesman for the Treasury was not immediately reachable to comment on Guglielmi’s expected appointment. Spokespeople for the Five Star Movement and the League, the ruling coalition parties, didn’t reply to requests for comment.

Guglielmi joined Mediobanca in 2009 and in January 2017 became the head of its equity markets department in London. Before that, Guglielmi worked at Merrill Lynch in London as a European banking equity research analyst.

Guglielmi earned a doctorate in banking and financial markets from La Sapienza University in Rome as well as a masters in business administration from Loyola University in Chicago, according to his CV.

The newspaper Corriere della Sera reported earlier Wednesday that Guglielmi was the leading candidate for the Treasury position.

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