Degree in Economics from the University of Torino in 1982 and Ph.D in Economics from Yale University in 1989. He has been Full professor at the “Luigi Bocconi” University of Milano since 2003, where he currently teaches Financial Economics and Equity Portfolio Management. At that University he was Director of the Degree in Economics, Statistics and Social Sciences (CLE) and of the Degree in Economics and Social Sciences (DES) from 2000 to 2004 and Director of Undergraduate Studies from 2004 to 2008. He was Scientific Coordinator of Foundation BSI- Gamma in Lugano from 1997 to 2010. From 2001 to 2005 he was a member of the School Council of Ph.D in Economics at the Bocconi University and from 2005 to 2007 a member of the Commission for university and teaching legislation and for PhDs of the Società Italiana degli Economisti. He has been a member of the Editorial Board of Geneva Paper on Risk and Insurance – Issues and Practice since 2009 and member of the Executive Committee of ABI (Italian Bankers’ Association) since July 2012.