The official site of Italy's central bank

Financial Investment Department

Head - Andrea Santorelli

The department invests the Bank's euro, foreign currency and gold assets.

It manages the foreign and gold reserves belonging to the ECB, acting as the latter's agent and representative. In addition, it manages the euro reserves of foreign central banks.

It also invests the Bank's supplementary pension fund.

It verifies the transaction details of investments and arranges for their settlement; it also checks the accounting records of transactions involving the Bank's portfolios.

Its duties include analysing international financial markets and the gold market.