Six months after Jean Castellini spectacularly stepped down from the role, Prince Albert has appointed a new minister of finance and the economy for his government, Pierre-André Chiappori, a 68-year-old French-Monegasque finance professor.
The Palace announced on Wednesday 13th March that Prince Albert II had appointed Pierre-André Chiappori to the prominent role of Minister of Finance and the Economy. He succeeds Marco Piccinini who filled the role temporarily in September 2023 when Jean Castellini stepped down after more than a decade on the job.
Pierre-André Chiappori has a Ph.D in economics from the Université Paris I Panthéon-Sorbonne. He has taught in France at Paris 1, EHESS, École Polytechnique, and ENSAE, before joining the University of Chicago as professor of economics. He is a member of the European Economic Association, was elected to the Academy of Moral and Political Sciences in 2017, and received the insignia of Knight of the Order of Merit in 2023.
In the Principality, Pierre-André Chiappori has chaired the Scientific Council of the Monegasque Institute of Statistics and Economic Studies (IMSEE) since 2011 as well as the International Advisory Board of the International University of Monaco.
“H.S.H. the Prince warmly thanks Mr. Marco Piccinini for his unreserved investment and dedication at the head of the Department of Finance and Economy,” said the Palace in its statement. “Mr Piccinini will continue to work for the Principality as Ambassador in charge of international financial negotiations. His expertise and skills in the fields of economics and finance will indeed be major assets in meeting the current challenges of the Principality.”
Pierre-André Chiappori will officially assume his position on 18th March.
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Photo: Prince Albert II of Monaco with Pierre-André Chiappori during his induction into the Academy of Moral and Political Sciences in January 2019. Photo credit: Gaetan Luci, Palais Princier