Enrico Cuccia

Enrico Cuccia (born November 24, 1907 in Rome , † June 23, 2000 in Milan ) was an Italian banker .

Life

Cuccia came from a family of Sicilian origin. After studying law , he first worked at the state holding company IRI , then at Banca d'Italia . Shortly before the outbreak of World War II, Cuccia worked in a study department at the major Italian bank Banca Commerciale Italiana , which was headed by Ugo La Malfa . He became an anti-fascist and took part in the resistance organization . During the war he made contact with American diplomats, which after 1943 gave him decisive business advantages.

Enrico Cuccia was involved in the founding of the first Italian investment bank Mediobanca in 1946 , where he initially became director general . In the decades that followed, he more or less influenced all major Italian industrial businesses. An attempt led by the Sicilian banker Michele Sindona to break into the sphere of influence of the Mediobanca, he put a stop in the 1970s. In the 80s Cuccia had to give up his post as chairman of the board for reasons of age, but he still retained a considerable influence on Mediobanca, on the financial market in Milan and also on Italian politics. In the 1990s, his insistence on old-fashioned, less than transparent business practices brought him into sharp contrast to the younger, Anglo-Saxon Italian entrepreneurship. His holding back, e.g. Partly controlled resistance to the rapid upheavals in the Italian economy prevented some ruptures and upheavals.

Enrico Cuccia was a great art lover. He died in Milan at the age of 92.