Enrico Braggiotti
Enrico Braggiotti | |
|---|---|
| Born | Template:Birth date Turkey |
| Died | October 31, 2019 (aged 96) |
| Occupation | Banker |
| Known for | President of Banca Commerciale Italiana, CEO of Compagnie Monégasque de Banque |
Enrico Braggiotti (27 January 1923 – 31 October 2019) was a banker of Monegasque nationality, originally born in Turkey.
Biography
Braggiotti was born in Turkey into a Catholic family of Italian descent. His father, Etienne, previously led the Ottoman Bank, while his mother, Renata Solari, was also Italian. He married Magda de Portu from Paris, and together they had four children: Jean-Luc, Gérard, Sandra, and Silvana.
Soon after his birth, Braggiotti's family relocated to the Principality of Monaco, where his grandparents, Henri and Appolonie Trullet, came from a distinguished lineage of sailors originating from Saint-Tropez. He completed his education at the Lycée de Monaco before embarking on a career with Banca Commerciale Italiana (Comit), where he remained until his retirement in 1990.
In 1993, Braggiotti faced legal charges related to the Enimont scandal and was convicted for accepting bribes linked to Raul Gardini.
Career
Braggiotti launched his banking profession in 1950 in Casablanca. He then moved to Italy in 1955 and joined the Central Division in Milan by 1960. His career progressed as he became part of the Central Division Committee in 1965, was appointed Vice-Executive in 1984, and ascended to President in 1988.
Throughout the 1980s, he was instrumental in steering the Italian banking sector’s transition from state ownership to privatization. Banca Commerciale Italiana, alongside institutions like Mediobanca, played a leading role in this transformation.
After stepping down as head of Banca Commerciale Italiana in 1990, Braggiotti returned to Monaco and obtained Monegasque citizenship in 1992. He then assumed the position of CEO at the Compagnie Monégasque de Banque (CMB), succeeding Pierre-Paul Schweitzer. Along with prominent Monegasque investors such as Jean-Charles Rey’s family, he took a stake in the bank’s capital.
During his tenure at CMB, its board featured notable French personalities including Raymond Barre, Antoine Bernheim, Jean-François Poncet, Raoul Biancheri, and Henry Rey. Additionally, beginning in 1988, Braggiotti served on the board of the Société des Bains de Mer.
In 2004, CMB shareholders divested their holdings in Mediobanca. Braggiotti concluded his affiliation with CMB in 2006.
The Monaco Méditerranée Foundation
Braggiotti established the Monaco Méditerranée Foundation (MMF), which operates under the patronage of Prince Albert II. The foundation regularly hosts conferences that bring together leading figures from France and Italy. MMF holds a significant position within Monaco’s cultural scene and coordinates activities related to the Anna Lindh Euro-Mediterranean Foundation for the Dialogue Between Cultures. Following Monaco’s accession to the Union for the Méditerranée, Braggiotti continues to participate actively as a member.
Boards
Over his professional life, Braggiotti held board memberships at several prominent financial organizations such as Lehman Brothers (New York), BNP Paribas (Paris), Sudameris Bank (Paris), Mediobanca (Milan), and industrial company Ciments Français (Paris). He also served as President of Compagnie Monégasque de Banque and was a board member of Société des Bains in Monaco.
Titles
- : Knight of Labor
- : Grand Cross of the Republic of Italy
- : Officer of the Legion of Honour
- : Grand Officer in the Order of Saint-Charles
- : Commander within the Order of Grimaldi
- : Officer of the Order of Cultural Merit (Monaco)