Carlo Monticelli

Carlo Monticelli, an Italian national, was elected Governor of the CEB by the Bank’s member states on 11 June 2021 after serving for six years as Vice-Governor for Financial Strategy. He began his five-year mandate on 18 December 2021.


Before joining the CEB, Mr Monticelli worked for more than a decade at the Italian Treasury, representing Italy in international fora and institutions, including as EFC member, G7 Deputy, G8 Financial Sous-Sherpa, G20 Deputy, IMFC Deputy, FSB member and OCDE WP3 member.

In his capacity as Head of International Financial Relations, he was for many years Alternate Governor for Italy at the World Bank, the Asian Development Bank, the African Development Bank, the European Bank for Reconstruction and Development, and served on the Board of Directors of the European Investment Bank and the Italian Export Credit Insurance Agency (SACE).

Before joining the Treasury, his career straddled both private and public sectors, including as Head of European Economics, Global Markets Research, at the Deutsche Bank, London, and Deputy Director in the Research Department of the Bank of Italy. 

Mr. Monticelli, holds a Ph.D. in Economics from the University of Ancona, a M.Sc. in Economics from the University of York, and has carried out post graduate studies at Oxford University (Brasenose College). He has been a visiting professor at the International Economics Department of the Graduate Institute in Geneva and a visiting scholar at the Economics Department of the MIT.

Over the years, he has delivered seminars and lectures in various other universities, participated in numerous academic and policy conferences, authored articles in international academic journals, published a book with Oxford University Press and, in 2019, Reforming Global Economic Governance, with Routledge. He currently teaches a course at Sciences Po Paris School of International Affairs (PSIA).


Governor Monticelli is currently assisted by Vice-Governor Tomáš Boček (Target Group Countries), Sandrine Gaudin (Financial Strategy) and Johannes M. Böhmer (Social Development Strategy).