Born in Naples on 18 January 1948. He graduated in Law from the University of Naples in 1971 and joined the Turin branch of the Bank of Italy in 1973.
In 1978 he moved to the Head Office in Rome, to the Banking and Financial Supervision Area. He was first appointed head of the Secretariat of the Advisory Commission for infringements, then head of the Competition Division. In 1988-1989 he led the delegation of the Bank of Italy that participated in the preparatory work for the second Banking Directive. From 1985 to 1993 he helped to draft the reform of the Italian banking sector, taking part in the preparatory work for the adoption of the Consolidated Banking Law.
In 1995 he was appointed deputy head of the Competition, Regulation and General Affairs Department and in 2001 head of the Financial Supervision Department.
He is the author of talks and articles on banking and finance, protection of competition in the banking sector, and financial consumer protection. He specializes in issues of ethical finance, credit to the poor, and social banking.
On 1 August 2008 he was appointed Managing Director for Currency Circulation.