Ettore Gotti Tedeschi

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Ettore Gotti Tedeschi (born March 3, 1945 in Pontenure , Piacenza province ) is an Italian bank manager and financial ethicist.

Life

Ettore Gotti Tedeschi started working for the management consultancy Sema in Paris in 1973 after studying economics at the University of Parma . In 1980 he moved to McKinsey & Company and worked in Milan and London in particular on the subject of asset management and IPOs . In 1987 he founded with Gianmario Roveraro the bank Akros Finanziaria . Gotti Tedeschi built up the business in Italy as director of the Spanish Banco Santander . Among other things, he was a member of the supervisory board of Sanpaolo IMI . In 1996 he became Professor of Finance at the Università Cattolica del Sacro Cuore in Milan, and in 2006 he switched to the Professorship of Business Ethics at the University of Turin . He currently teaches financial ethics at the Università Cattolica del Sacro Cuore .

On September 23, 2009, he replaced Angelo Caloia as President of the Istituto per le Opere di Religione (IOR) , the bench of the Holy See, also under pressure from Pope Benedict XVI. from, who also removed the entire supervisory board. The aim of Gotti Tedeschi's appointment was to put the IOR on secure feet, to create more transparency and to comply with the regulations applicable within the EU to prevent money laundering. Gotti Tedeschi is not only considered an expert on "financial ethics", he is also said to have good connections within the Roman Catholic Church and he is a member of the conservative lay group Opus Dei .

He was an advisor to Pope Benedict XVI. when drafting the social encyclical " Caritas in veritate ".

He is a guest writer for Osservatore Romano and a regular columnist for Il Sole 24 Ore .

Gotti Tedeschi is married and has five children.

Preliminary investigation

On September 21, 2010, the public prosecutor in Rome opened an investigation against him and the General Director of the Vatican Bank IOR, Paolo Cipriani , for violating anti- money laundering norms . The Vatican bank IOR had previously made two transfers for anonymous clients in the amount of 23 million euros without reporting them.

The proceedings were discontinued in 2011 and the confiscated 23 million euros were returned after Gotti Tedeschi reorganized the Vatican financial system and Pope Benedict XVI. had ordered by decree - a " motu proprio " - that the Vatican Bank had to follow the EU guidelines on money laundering. Among other things, a law against money laundering and the financing of terrorism applicable to the Vatican was announced. At the same time, the Pope created a new supervisory authority headed by a cardinal, the Vatican Financial Information Authority .

"Vatileaks"

On May 24, 2012, Tedeschi resigned as President of the Vatican Bank IOR after a unanimous vote of no confidence by the board. The reason given by the Vatican's press office was that it had not met “basic requirements” and that, despite repeated warnings, it had “failed to carry out certain tasks of primary importance”. The next day the Vatican press secretary, Father Federico Lombardi , confirmed the arrest of the papal valet Paolo Gabriele , suspected of being a whistleblower of the non-fiction book "Sua Santita" (His Holiness - The Secret Papers of Benedict XVI.) , Which the Vatican denounced as illegal, that came out that week. Italian media reported a power struggle within the top of the curia. This led to the exclusion of Gotti Tedeschi, who had repeatedly come into conflict with the Vatican State Secretary Cardinal Tarcisio Bertone in recent months . Ronaldo Schmitz , representative of Deutsche Bank on the IOR board , became interim president of the bank .

In June 2012, police raided Tedeschi's house in connection with a bribery scandal involving the arms company Finmeccanica .

“As reported by Italian media, Tedeschi has prepared pages of letters to the Pope in which the former Santander banker describes the grievances in the Vatican's financial institution. According to this, both politicians and militant mediators and front men of organized crime should have encrypted accounts at the Institute for Religious Works, as the Ior (Istituto delle Opere Religiose) is translated.

According to his own statements, Gotti Tedeschi should fear for his life. A copy of the letter should also go to a journalist friend in the event of his death. According to the account of the dismissed IOR president, his problems with the IOR should have started when he asked about the names behind the numbered accounts. "

On February 19, 2014, the investigative court of Rome archived the investigation against Gotti Tedeschi at the request of the public prosecutor. In the archiving decree, Gotti Tedeschi was excluded from any joint responsibility.

On January 8, 2015, Gotti Tedeschi announced to the English weekly newspaper The Catholic Herald that he had been dismissed as IOR President because of his decision to completely change the management level of the financial institution. The reason for this was "steps backwards" in terms of transparency, the transparency that he and Benedict XVI. enforced through new anti-money laundering regulations in December 2011.

Fonts

  • with Alberto Mingardi: Spiriti animali. La concorrenza giusta. Università Bocconi 2007, ISBN 978-88-8350-101-2 .
  • with Rino Cammilleri: Denaro e paradiso. I cattolici e l'economia global. Con un commento all'Enciclica «Caritas in veritate». Lindau 2010, ISBN 978-88-7180-880-2 .

bibliography

  • Gianluigi Nuzzi: Sua Santità - le carte segrete di Benedetto XVI. edizioni Chiarelettere, Milan 2012, ISBN 978-88-6190-095-0 .

Web links

Individual evidence

  1. ↑ Patricia Arnold: Vatican Bank: Head rolls after new revelations. In: Neue Zürcher Zeitung . 4th October 2009.
  2. ↑ Julius Müller-Meiningen: Head of the Vatican Bank has to go. In: Badische Zeitung. May 26, 2012. Retrieved September 26, 2012 .
  3. ↑ a b Kordula Doerfler: Bankers of God under suspicion. In: Frankfurter Rundschau . September 22, 2010.
  4. ↑ a b Katharina Kort: Ettore Gotti Tedeschi. The Holy Father's banker. In: Handelsblatt . September 27, 2010.
  5. ↑ Michael Braun: Dubious Transactions. In: TAZ . September 23, 2010.
  6. ↑ Money laundering investigations. Vatican Bank speaks of a targeted attack. In: Frankfurter Allgemeine Zeitung . September 22, 2010.
  7. ↑ Vatican Bank IOR gets back confiscated 23 million euros. ( Memento of June 4, 2011 in the Internet Archive ) at: stoli.it , June 1, 2011.
  8. ↑ Money laundering - Vatican throws bank boss Gotti Tedeschi out . World Online website. Retrieved May 24, 2012.
  9. ↑ Scandal in the Vatican escalates with arrest. ( Memento from September 19, 2012 in the web archive archive.today ) at : wirtschaftsblatt.at , accessed on May 26, 2012.
  10. ↑ Gotti Tedeschi: Pope banker fears for his life. on: handelsblatt.com , June 10, 2012.
  11. ↑ Gotti Tedeschi: chiesta archiviazione
  12. ↑ ANSA, March 28, 2014: IOR: archiviata l'inchiesta su Gotti Tedeschi
  13. ^ Sandro Magister, Pazienza finita. Gotti Tedeschi chiama in giudizio lo IOR, in: L'Espresso, March 29, 2014
  14. ^ The Catholic Herald, Jan. 8, 2015
personal data
SURNAME Gotti Tedeschi, Ettore
BRIEF DESCRIPTION Italian bank manager
DATE OF BIRTH March 3, 1945
PLACE OF BIRTH Pontenure , Province of Piacenza