In the end, the tenacity was recognized and rewarded internationally. Franco Bassanini, president of CDP (Cassa depositi e prestiti) and former Minister of Public Administration, has always been a champion of long-term investments to support the economy and stabilize the financial market in the face of its recurring excesses.
Therefore, there could not have been a more natural appointment than that of Bassanini as chairman of the Long-Term Investors' Club which brings together the main public financial institutions worldwide, which are currently 19 present in as many as 4 continents.
The Club has total assets in its portfolio for the beauty of 5 trillion dollars.
Bassanini will remain in office for two years. Hu Huaibang and Roman Escolano will be his deputies.
