Advisory Team

Michael Spence
Special Advisor
Advanced Capital

Michael Spence is Special Advisor of Advanced Capital.

Michael is also the Chairman of an Independent Commission on Growth and Development, focused on growth in emerging economies. His positions include Professor Emeritus of Management in the Graduate School of Business at Stanford University, Senior Fellow of the Hoover Institution at Stanford, and, from September 2010, Professor in the Stern School of Business at New York University. In 2001, Spence received the Nobel Prize in Economic Sciences.

Michael serves on the boards of Genpact and Mercadolibre as well as on a number of private companies. He is a member of the board of the Stanford Management Company, and the International Chamber of Commerce Research Foundation. He is a Senior Advisor to Oak Hill Investment Management and a consultant to PIMCO.

Michael earned his undergraduate degree in philosophy at Princeton summa cum laude and was selected for a Rhodes Scholarship. He was awarded a B.S.-M.A. from Oxford in mathematics and earned his Ph.D. in economics at Harvard. He taught at Stanford as an Associate Professor of Economics from 1973 to 1975. From 1975 to 1990, he served as professor of Economics and Business Administration at Harvard, holding a joint appointment in the Business School and the Faculty of Arts and Sciences. In l983 he was named Chairman of the Economics Department and George Gund Professor of Economics and Business Administration. Michael was awarded the John Kenneth Galbraith Prize for excellence in teaching and the John Bates Clark medal for a “significant contribution to economic thought and knowledge.”

From 1984 to 1990, Michael served as the Dean of the Faculty of Arts and Sciences at Harvard, overseeing Harvard College, the Graduate School of Arts and Sciences, and the Division of Continuing Education. Michael served as Dean of the Stanford Business School from 1990 to 1999. As Dean, he oversaw the finances, organization, and educational policies of the school.


Alberto Clò
Special Advisor
Advanced Capital

Alberto Clò is Advanced Capital’s Special Advisor for investments in the energy industry.

Alberto is Professor of Applied Economics at the Bologna University where he teaches “Industrial Economics” and “Economics of Public Services”. He is an independent director on the Board of Directors of Atlantia (highway infrastructure), Snam (gas infrastructure) and De Longhi (domestic appliances).

Alberto has published numerous papers on industrial economics and energy economics. He is the Chief Editor of the magazine «Energia» and a member of the scientific committee of national and international magazines. In 1997, he published «Economia e politica del petrolio» (Ed. Compositori, Bologna) translated by Kluwer Academic Publishers with the title «Oil Economics and Policy». His latest papers are “Il rebus energetico” (The energy puzzle, Ed. il Mulino, Bologna) in 2008 and “Si fa presto a dire nucleare” (It is easy to say nuclear, Ed. il Mulino, Bologna) in 2010.

He was Minister of Industry and Foreign Trade in Italy with the (technical) government chaired by Lamberto Dini, and Chairman of the Council of the EU Ministers of Industry and Energy in the first half of 1996 during the Italian Presidency. For his service as Minister he was awarded the Knight Grand Cross by the President of the Italian Republic, the highest honor in Italy.

Professor Alberto Clò holds an honors degree in Political Science at the Bologna University with Professor Romano Prodi.


Joseph R. DeTrani
Special Advisor
Advanced Capital

Joseph R. DeTrani is Special Advisor of Advanced Capital.

Joseph is the President of Daniel Morgan Academy and serves as Member of the Advisory Board of the Intelligence and National Security Alliance (INSA), a non-profit organization providing unclassified White Papers on national security issues in collaboration with the Intelligence Community and other USG departments and academia. He is also professor at Missouri State University since 2012.

Recently, Joseph was President and CEO of the Intelligence and National Security Alliance (INSA) and served as a Senior Advisor to the Director of National Intelligence. In his Office, he was Director of the National Counter Proliferation Center between 2010 and 2012 and DNI Mission Manager for North Korea from 2006 to 2010. Joseph has been a Special Envoy for Six-Party Talks negotiations with North Korea, with rank of Ambassador and US Representative under the US Department of State between 2003 and 2006. Previously he has spent over twenty years with the Central Intelligence Agency, as Director of Europe Division, Director of East Asia Division, Director of the Crime and Narcotics Center and Executive Assistant to the Director of Central Intelligence. During this period he had had extended assignments in East Asia and China.

English mother-tongue speaker and fluent both in Chinese and French, Joseph is a member of the International Institute of Strategic Studies and wrote a number of articles published in the US and in the foreign press.

Joseph attended New York University School of Law and Graduate School of Business and earned a Certificate in Chinese (Mandarin) at the Foreign Service Institute. He holds a certificate in Security Issues from Harvard University, Kennedy School and a B.S. with honors in Economics from NYU.


Riccardo M. Monti
Board Member
Advanced Capital

Riccardo M. Monti is a Member of the Board of Advanced Capital SGR.

Riccardo is Chairman of Grandi Ferrovie and of Italferr and member of Board of Directors of Value Partners Group.

Recently, he has been Chairman of the ICE, the agency aiming to promote the internationalisation of Italian companies and their development abroad. Between 2012 and 2013, Riccardo was Counselor for the Internationalisation to the Italian Minister of the Economic Development. He worked as an Executive and Managing Director in Value Partners Group. Formerly, he was in charge of the Global Telecom and Media Practices, participating in a wide range of privatisation and concession assignment programs worldwide. Riccardo gained a deep experience working with Governments and Private Corporations in over 30 countries, with a main focus on Emerging Markets. His previous employers include Booz Allen & Hamilton, Federmeccanica and GEO Alsthom.

Riccardo holds a Master in Management Technology from the Brooklyn Polytechnic, a Research Fellowship in International Management from Columbia University and a Degree in Economics from Naples University.

From 2007, he sits in the Board of Robert Kennedy Foundation. Riccardo speaks Italian, English, French, Spanish and Portuguese.


Franco Bassanini
Special Advisor
Advanced Capital

Franco Bassanini is Special Advisor of Advanced Capital.

Franco Bassanini is Special Adviser of the Italian Prime Minister Paolo Gentiloni and President of Astrid Foundation, an Italian think tank gathering together about 300 scientists and experts in the field of European and National institutions, public policies, public administration’s reform, market regulation and e-government. He is also Chairman of the Long-Term Investors’ Club, President of the Supervisory Board of Condotte d’Acqua Inc., Chairman of the Executive Boards of Metroweb Italia Inc., Metroweb Sviluppo Inc. and CDP Reti Inc. (holding controlling Snam and Terna Inc.).

Professor of Constitutional Law, Franco has been member of the Italian Parliament from 1979 to 2006 and Chairman of Cassa Depositi e Prestiti (the most important Italian long-term investor in infrastructures, energy, and public utilities) from 2008 to 2015. More specifically, he was member of the High Level Panel of the U.N. ICT Task Force from 2001 to 2006. Previously, Franco was Cabinet Minister for Public Administration in the second Government led by Giuliano Amato (2000-2001) and in the second Government led by Massimo D’Alema (1999-2000). From 1998 to 1999 he was Under-secretary of State to Prime Minister’s Office and responsible for the Cabinet Office in the first Government led by Massimo D’Alema, while two years before Franco was Cabinet Minister for Public Administration and Regional Affairs in the Government led by Romano Prodi.

Franco Bassanini has taught in the Universities of Milan, Trento, Sassari, Florence and Rome. 

He is the author of 19 books and about 350 academic papers on issues of constitutional law, public finance, European law and administrative.