Managing Director

The term of office for the Managing Director is six years, with the possibility of renewal.

The Managing Director attends meetings of the Members' Assembly, participates in Governing Council meetings without voting rights but with the power to advise and make proposals, and chairs the Supervision Commettee.

As the head of staff, the Managing Director coordinates and oversees the work to be done. Among their duties, the Managing Director ensures the execution of resolutions passed by the Supervision Commettee, implements emergency measures taken by the President, and oversees the execution of decisions made by the Supervision Commettee.

Andrea Vivoli - Managing Director

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In accordance with Article 14(5) of the Statute, Dr. Andrea Vivoli assumed the role of "Acting Deputy Director of the Managing Director" on July 1, 2022. Following the successful completion of his probationary period and approval from the Great and General Council, Dr. Vivoli officially assumed full responsibilities as Managing Director on March 1, 2023, in accordance with the Statute.

Education
He graduated with honors in Economics and Business from the University of Florence.
In 2000 and 2002, he undertook in-depth studies in London on financial and operational risk management and supervisory techniques at Barclays Capital and the British Supervisory Authority.
In 2006, he earned the Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute in Geneva, receiving the "Prize for Outstanding Performance."

Professional Experience
He has worked as a corporate consultant and expert in the regulation and supervision of banking and financial intermediaries. He gained significant supervisory experience at the Bank of Italy (from 1998 to 2008) and the Central Bank of the Republic of San Marino (from 2008 to 2016), holding numerous leadership positions. Notably, he served as a member of the Supervision Committee since April 15, 2019, and Head of the Supervision Committee since August 1, 2021.

Current assignments
Following his success in the Call for Selection for the Managing Director position, he assumed the role of Deputy Director on June 1, 2022, with the responsibility of acting Managing Director from July 1, 2022. He also took on the Chairmanship of the Supervision Committee. After successfully completing the probationary period and receiving approval from the Great and General Council, he has been the Managing Director of the Central Bank of the Republic of San Marino since March 1, 2023.