Bernardino Nogara - Early Financial Career

Early Financial Career

Nogara was trained as an engineer at the Politecnico di Milano. He managed mining projects in Wales (where he learned fluent English), Bulgaria, and the Ottoman Empire. While in Istambul, he was appointed representative to the Italian Banca Commerciale and then the Italian representative to an international committee overseeing the Ottoman empire's debt and the Italian delegation to the economic committee at the Versailles Peace Conference in 1919, after which he remained on the permanent reparations committee. He was later appointed to manage the industry section of the Inter-Allied Commission that enacted the Dawes Plan in Berlin.

Within the Banca Commerciale Italiana, Italy's largest private bank, he became a member of the board of directors and later the vice-president. He was also a member of the board of Comofin.

Nogara's dealings with the Vatican began in 1914, when he purchased a variety of bonds on behalf of Pope Benedict XV.

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