He was born in Catania on 19 November 1964 and he graduated cum laude in Statistics and Economics from the University "La Sapienza" in Rome in 1989.
He joined the Bank of Italy in 1991 and was assigned to the Refinancing, Discount and Clearing Directorate, where he dealt with the mobilization of minimum reserves and real time gross settlement systems. In particular, he was involved in the implementation of the Italian gross settlement system BI-REL (launched in 1997) and of the European gross settlement system TARGET, launched in 1999 at the time of the introduction of the euro/when the euro was launched.
Since 1999, he has worked at the newly established Payment Systems Directorate, contributing to the design and development of the TARGET2 system for the real-time settlement of large-value transactions (launched in 2008), of the TARGET2-Securities platform (T2S) for the settlement of securities transactions (launched in 2015) and, finally, of the TARGET Instant Payment Settlement (TIPS) for the settlement of instant payments (launched in November 2018).
From 2008 to 2018, he was Head of the Wholesale Payment Systems Division of the Payment System Directorate, responsible for the National Service Desk of TARGET2 and TARGET2-Securities and for maintaining business relationships with the national financial community.
He was appointed Deputy Head of the Payment Systems Directorate in January 2020, and he became Head of the Directorate in January 2022.
During his career at the Bank of Italy, he has participated in many national and international working groups, among which the Advisory Group on Market Infrastructures for Payments (AMI-Pay) and the Market Infrastructure and Payments Committee (MIPC) at Eurosystem level, and was the chairperson of the Italian National Stakeholders Group (NSG) of AMI-Pay. He is currently a member of the Market Infrastructure Board (MIB), responsible for the development and management of the Eurosystem’s market infrastructures, and of the governance body for the central banks that developed these infrastructures (TARGET2, T2S and TIPS), namely the '4CBs' (Banca d'Italia, Bundesbank, Banque de France and Banco de España).
