Draft:Massimo Spada

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Massimo Spada
Born(1905-09-22)September 22, 1905
Rome, Italy
DiedJune 5, 1992(1992-06-05) (aged 86)
OccupationFinancier
EmployerHoly See
Known forAdministrative Secretary of the Institute for the Works of Religion

Massimo Spada (22 September 1905 – 5 June 1992) was an Italian financier and former administrative secretary of the Institute for the Works of Religion (IOR), commonly known as the Vatican Bank.[1] He served as a key financial administrator and representative for Vatican-held corporate investments during the mid-to-late 20th century.[2]Spada was inducted as a Knight of Malta on September 21, 1944.[3]

Presidency of Lancia

Spada was president of Lancia between 1960 and 1969.[4][5] Spada's administration oversaw the commercial deployment of several flagship models including the Lancia Flavia (1960), Lancia Fulvia (1963), and Lancia Flaminia Luxury variants (1961–1967).[4]

1981 currency trial

In May 1981 Spada was indicted and placed on trial in Milan alongside ten other prominent Italian financiers, including Roberto Calvi, the president of Banco Ambrosiano. The defendants faced charges of violating Italian currency laws by illegally exporting approximately $50 million out of Italy into Switzerland without the mandatory notification of the Bank of Italy.[6]

Personal life

Spada resided primarily in Rome and maintained a low public profile throughout his career despite his extensive presence on corporate boards and his management of papal financial portfolios.[7][8]

See also

References

  1. "IOR: la vera storia della banca del Vaticano". 21 May 2013. Retrieved 7 June 2026.
  2. Stille, Alexander (February 1975). "Vatican Concedes 'Limited' Losses in Sindona's Financial Collapse". The New York Times. Retrieved 7 June 2026.
  3. Special: Nazis, the Vatican, and CIA (Report). Freedom of Information Act Electronic Reading Room. Central Intelligence Agency. CIA-RDP90-00845R000100170004-5. Retrieved 8 June 2026.
  4. Amatori, Franco (March 2007). 100 Anni di Lancia. Monografia no. 72. Associazione Italiana per la Storia dell'Automobile (AISA). pp. 23–25. Retrieved 7 June 2026.
  5. "Massimo Spada presidente della Lancia presenta al Presidente della Repubblica Giuseppe Saragat la nuova Fulvia Coupè". Archivio storico della Presidenza della Repubblica. Il Quirinale. Retrieved 7 June 2026.
  6. "Eleven prominent financiers went on trial Friday on charges..." UPI Archives. 29 May 1981. Retrieved 7 June 2026.
  7. Gurwin, Larry (1983). The Calvi Affair: Death of a Banker. Macmillan. ISBN 978-0333353226.
  8. Cornwell, Rupert (1983). God's Banker: An Account of the Life and Death of Roberto Calvi. London: Victor Gollancz Ltd. ISBN 978-0-575-03351-1.

Category:1905 births Category:1992 deaths Category:Vatican City people