13 Facts About Vincenzo Maranghi

Vincenzo Maranghi was born on in Florence on August 3,1937 and was an Italian magnate, investment banker, and the CEO of Mediobanca.

Vincenzo Maranghi moved to Milan, where he studied at the Catholic University of The Sacred Heart and continued to read Law while working part-time as a journalist at the Il Sole newspaper.

When Vincenzo Maranghi graduated from Law school, he founded "Quattrosoldi," an economics magazine aimed at providing advice to working-class Italians, he started the publication alongside Italian media executive and print-media magnate Gianni Mazzocchi.

Early in his career as a journalist, Vincenzo Maranghi married Anna Castellini Baldissera, a member of the influential Castellini Baldissera family, who had made their wealth in banking and textiles.

In 1982, after Enrico Cuccia's resignation, Vincenzo Maranghi was appointed Director of the Board.

Vincenzo Maranghi took over Silvio Salteri's role as general manager and managing director, ensuring his place as the heir or "Dauphin" of Mediobanca, as he was often referred to.

Vincenzo Maranghi is largely accredited with being responsible for much of the growth and development that Mediobanca's business consultancy arm, capital markets, and investment portfolios experienced in recent years; his development of financial strategies and infrastructure within the company provided significant revenues.

Vincenzo Maranghi's succession had been a long-accepted fact, he was often referred to in the Italian media as "Cuccia's Dauphin" or prince.

Vincenzo Maranghi's succession was further secured by the firing of younger bankers such as Gerardo Braggiotti and Matteo Arpe, who had conspired to take the position for themselves.

Vincenzo Maranghi held his office until April 13,2003, when he resigned, following a long financial battle due to internal scandals and politics which precipitated inside the highest levels of executive management.

When resigning Vincenzo Maranghi made sure that Mediobanca maintained independence by renouncing any personal benefits that were not already foreseen by his ordinary employment contract.

Vincenzo Maranghi did this in part because it allowed him to leave the bank in the hands of his two closest confidants, Alberto Nagel and Renato Pagliaro.

Vincenzo Maranghi died of a terminal illness in Milan on July 17,2007.