Adriano B. Lucatelli

Adriano B. Lucatelli (born 23 February 1966) is a Swiss entrepreneur in the financial services industry.

Life

Adriano Lucatelli was born on 23 February 1966 in Uster near Zurich, Switzerland. His father’s family originated from Apulia in Southern Italy, and worked primarily in agriculture and the textile industry. His mother’s family comes from Central Switzerland. His great-grandfather was the entrepreneur and pioneer in electricity Zeno Durrer, and his great uncle was Ludwig von Moos, a member of the Swiss federal government (the Swiss Federal Council).

Education and career

Lucatelli studied international affairs and economics at the University of Nevada, Reno (BA) and at the London School of Economics (MSc). In 1995 he obtained a PhD from the University of Zurich with a dissertation on global financial market regulation. Parallel to his career he has also completed an MBA program at the University of Rochester (N.Y.), and an advanced management program at the Wharton School.

He is a co-founder and CEO of Descartes Finance AG, a Swiss robo-advisor, and Chairman of Additiv AG, a Swiss banking and insurance software provider.[1] In 2017, the Swiss business magazine “Bilanz” chose him among the top 100 Swiss bankers.[2]

From 2012 to 2018, he lectured at the University of Zurich on the political economy of international finance.

He started his career in 1994 at Credit Suisse, where he held various managerial positions in Zurich and London. From 2002 to 2009 Lucatelli was managing director and member of the management committee at UBS Switzerland in Lugano and Zurich. He then co-founded Swiss financial services group Reuss Private Group, and between 2009 and 2013 headed securities dealer and investment firm Reuss Private AG[3] as its CEO.

Publications and commentaries

In the course of his career Lucatelli has published various articles in newspapers and journals, and has authored the books Finance and World Order (1997),[4] Off-Target Corporate Governance (2013),[5] and The Fine Art of Efficient Investing (2015).[6] In 2018, he co-authored with Lucienne C. Vaudan “Eine kurze Reise durch die Finanzmärkte.”[7]

He also writes guest commentaries for publication in the German online magazine stern.de, the Swiss finance portal finews.ch, the Swiss business portal moneycab.com and the ETF-platform 10x10.ch. In terms of Klout score, Lucatelli has been one of the five most influential Swiss economists on social media from 2015 to 2018.[8]

Investment expertise

Lucatelli is a well-known financial expert. Before the dotcom crash in July 2000 he warned that the majority of the new internet firms would disappear,[9] and in August 2011, at the peak of the euro crisis, he recommended that investors progressively get back into equities and steer clear of overpriced gold.[10] He repeated his buy recommendation in March 2014, setting a target of 3,000 index points for the S&P 500 Index by mid-2019.[11]

Added to this Lucatelli, in collaboration with Ernst Fehr, was the first to calculate the Market-Adjusted Performance Indicator (MAPI) for listed Swiss companies.[12] The indicator shows that good management systematically creates value for shareholders, reflected in the fact that shares of these companies outperform the broad Swiss Performance Index (SPI), in some cases by a considerable margin.

Lucatelli is also one of the first critics of Bitcoin. He warned early about the uncontrolled speculation with the cryptocurrency.

Awards & recognition

In 2011 he earned the Distinguished Alumni Award[13] from the College of Liberal Arts at the University of Nevada. The same year he was nominated by Ernst & Young Switzerland for the Entrepreneur of the Year award.[14]

Extraprofessional activities

Outside work, since 2009 Lucatelli has served as chairman of the readers’ commission of the Neue Zürcher Zeitung newspaper, and he funds two scholarships giving financial support to students at the University of Nevada.[15][16][17]

Lucatelli is a life member of the Cantonal Art Museum in Lugano, an honorary member of Pi Sigma Alpha (the National Political Science Honor Society), and a member of the Athenaeum Club in London.

Quotes

"If finance can't improve the lives of people, we have no use for it."

"Visions also have to be solidly financed."

"What is wrong economically can't be right politically."

References

  1. ↑ Digitalisierung im Banking. finews.ch tv, 4 March 2015
  2. ↑ Die 100 Top-Banker der Schweiz Bilanz 10/2017, pp. 54, 27 December 2017
  3. ↑ Führungswechsel bei Reuss Private. finews.ch, 23 April 2013
  4. ↑ Finance and world order: financial fragility, systemic risk, and transnational regimes. Greenwood Press, Westport, ISBN 978-0-313-30378-4.
  5. ↑ Off-Target Corporate Governance or How Not to Throw Good Money after Bad. Versus Verlag, ISBN 978-3-03909-155-3
  6. ↑ The Fine Art of Efficient Investing or How to Make Sure You Sleep Better at Night. Versus Verlag, ISBN 978-3-03909-195-9
  7. ↑ Eine kurze Reise durch die Finanzmärkte. Versus Verlag, ISBN 978-3-03909-265-9
  8. ↑ http://ranking.influencer.world/en/set/economists Klout Ranking der Schweizer Ökonomen, 3 January 2018
  9. ↑ Börse: «Irrationaler Überschwang». Basler Zeitung, 22/23 July 2000, p. 24
  10. ↑ «Ruhe bewahren» – Sieben Fragen an Adriano Lucatelli. NZZ am Sonntag, 14 August 2011
  11. ↑ Stock markets: growth in sight? merlini finance, Kilchberg, 14 March 2014
  12. ↑ Adriano B. Lucatelli: Share Price Doesn't Tell the Whole Truth finews.ch, 26 February 2016
  13. ↑ Distinguished Alumni Award Recipients. unr.edu
  14. ↑ http://www.versus.ch/shop/d/scripts/detail.cfm?art_nr=307
  15. ↑ University of Nevada, Reno Foundation. Annual Report to the NSHE Board of Regents. unr.edu 30 November 2012, p. 16 (PDF, 2,7 MB)
  16. ↑ Young Nevada alumnus promotes international affairs education. unr.edu Archive 2006, p. 16 (PDF, 400 kB)
  17. ↑ Nevada Silver & Blue, Fall 2011. unr.edu Fall 2011, p. 45 (PDF, 429 kB)
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