After more than a decade in the job, Jean Castellini has left his role as Monaco’s Minister of Finance and the Economy with immediate effect. 

An official communiqué released by the Cabinet de S.A.S. Le Prince de Monaco on the morning of Friday 15th September has revealed that Jean Castellini, Monaco’s Minister of Finance and the Economy for almost 11 years, is to step down from his position. 

The now former Government Advisor will be replaced by Marco Piccinini. The 71-year-old is a prominent figure in the Principality, with long-time ties to its political, business and sporting spheres. He previously served in the same capacity as Minister of Finance and the Economy between 2011 and 2012, directly preceding Castellini. Piccinini was also appointed as Ambassador for Monaco to India and China in 2010.  

Prior to his role as Minister of Finance and the Economy, 55-year-old Castellini served in the Prince’s Cabinet as a councillor from 2006 and later as Secretary General of the Financial Activities Supervisory Commission. Between 2009 and 2012, he was also Managing Director of the Monaco branch of the J. Safra private bank.  

“I thank Mr. Jean Castellini for his dedication and his loyalty throughout his functions within my Cabinet, then my Government,” said Prince Albert II of Monaco in a statement accompanying the communiqué. “I pay tribute to his numerous actions carried out during nearly 18 years in my service, as well as his human and professional qualities [that are] unanimously recognised in the Principality”.  

The sovereign concluded, “I send all my best wishes to Mr. Jean Castellini in the context of its future activities.” 

No further details indicating the reason for Castellini’s abrupt ceasing of his ministerial functions have been announced.

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Photo source: Monaco Communications Department