The second episode of Gamma Explains is dedicated to the topic of central banks, national or supranational institutions that play a crucial role in maintaining economic stability and prosperity.
Central banks are vital institutions that play a multifaceted role in maintaining a healthy and stable economy. Their actions have a profound impact on individuals, businesses, and the overall economic well-being of a Country or a group of Countries.
Against this backdrop, Andrea Beltratti (Chairman of the EFG Gamma Foundation and Full Professor at Bocconi University) and GianLuigi Mandruzzato (Senior Economist at EFG) discuss the importance of central banks and explain what central banks are, what their mission is, how they take their decision and how they influence economies and lives.

Andrea Beltratti
Andrea Beltratti is Full Professor in the Department of Finance at Bocconi University, Academic Director of the Executive Master in Finance – EMF at SDA Bocconi School of Management, Chairman of Revo Insurance and Chairman of the EFG Gamma Foundation.
He had been Chairman of Eurizon Capital until 2024 and of the Management Board of Intesa Sanpaolo until May 2013.
Andrea has a Ph.D. in Economics from Yale University, where he wrote a dissertation on financial market volatility under the supervision of Prof. Robert Shiller.
He has been member of the Board of Directors of EFAMA (European Fund and Asset Management Association), President of the FEDUF (Fondazione per Educazione Finanziaria), and part of Investment Committees of institutional investors.

GianLuigi Mandruzzato
GianLuigi Mandruzzato is Senior Economist at EFG Asset Management in Lugano.
His main areas of focus are the global business and monetary policy cycles, with a particular emphasis on the Swiss Eurozone economies and the commodity markets.
GianLuigi joined EFG in 2017 following the integration of BSI, where he had worked as Senior Economist and Strategist since 2006. In this role, he was responsible for defining proposals for the bank’s asset allocation for approval by the Investment Committee.
Prior to that, he worked in the Intesa Research department from 1998 to 2006 and was the Lead Eurozone Economist and ECB watcher.
GianLuigi holds a Master’s degree in Economics from the School of Economic Studies of Manchester University and he has a First Class Honours degree in Economics from the University of Trieste.