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August 08, 2019

Washington D.C., August 8, 2019 – The IIF has issued the following statement after the passing of UniCredit S.p.A. Chairman, and member of the IIF Board of Directors, Fabrizio Saccomanni:

“I am saddened by the sudden loss of Mr. Saccomanni, who was on the frontlines of some of the most significant European economic developments of our time,” said IIF President and CEO Tim Adams.

“With an extensive career in public service before joining UniCredit, both at the Bank of Italy and later as Italy’s Minister of Finance, Mr. Saccomanni’s depth of experience made him an invaluable member of our financial services community. In his role at UniCredit, he was a fixture on stage at IIF events and a staunch advocate for advancing the priorities of our valued Italian membership. We will miss his thoughtful presence on our Board, and his insights on both the Italian economy and broader macroeconomic issues. We extend our deepest sympathies to Mr. Saccomanni’s family and his colleagues at UniCredit during this difficult time.”

 

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The Institute of International Finance is the global association of the financial industry, with close to 450 members from more than 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.