Economics

Italy’s Springboard to Technocrat Stardom Goes to Signorini

  • Signorini nominated new Bank of Italy senior deputy governor
  • Previous holder appointed finance minister by PM Mario Draghi
Luigi Federico SignoriniPhotographer: David Paul Morris/Bloomberg
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The Bank of Italy has picked Luigi Federico Signorini as its choice for senior deputy governor, the second-highest ranked official and a job which has put previous holders on the path to higher office.

The post opened up when Prime Minister Mario Draghi made Daniele Franco Italy’s finance minister. Such is the stature of the central bank that its top echelon is often a port of call for governments seeking leading technocrats for major assignments.