Paolo Galvani is co-founder of Moneyfarm, the digital wealth manager he started in 2011 with Giovanni Daprà, and sits on its board. He was born in Vicenza, Italy, studied statistics and economics at the University of Padova, and chaired Moneyfarm for several years. Read our review of Moneyfarm.
Banking Career from IMI to Deutsche Bank
His banking career began at IMI Bank in 1993. He moved to Morgan Stanley as a vice president in 1998 and to Deutsche Bank as a managing director in 2001. From 2005 to 2008 he was chief executive of Sella Capital Management, an Italian asset manager.
Leaving Banking for Peer-to-Peer Lending
In 2008 he left banking to co-found Prestiamoci, an early Italian peer-to-peer lending service. "You are giving up a certain status, a certain recognition, a certain salary and so forth," he said on Jazz FM in 2017 of leaving a banking career to start a company. On the same programme he said investment products had been sold with fees that were too high: "the amounts of commissions and the way in which this product has been sold in the past were way too much compared to the market."
