Carlo Monticelli appointed CEB Vice-Governor for Financial Strategy

9 April 2015

PARIS - At its 210th meeting held today, the Governing Board of the Council of Europe Development Bank (CEB) appointed Mr. Carlo Monticelli, an Italian national, to the post of Vice-Governor for Financial Strategy.

Currently serving as Head of International Financial Relations of the Italian Treasury since 2008, Mr. Monticelli, who holds a Ph.D. in Economics from the University of Ancona, will take up his new post on 1 November 2015 for a five-year term. 

He will be succeeding Mr. Nunzio Guglielmino, who will remain Vice-Governor for Financial Strategy until 31 October 2015.

CEB Governor Rolf Wenzel said: “I warmly congratulate Mr. Monticelli on his appointment and look forward to working closely with him. I am sure he will make a significant contribution to the CEB’s management team.”


Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.