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Federico Castelli

Fixed-term lecturer, Sciences Po Toulouse, University of Milan


Banking, Business and Economic History, Financial history, History of financial infrastructure
Business Historians at Business Schools

I completed a Bachelor’s degree in History at the Università degli Studi di Milano in 2018. My undergraduate thesis examined the United Kingdom’s trajectory within the European Community, from the Treaties of Rome to Maastricht (1957–1992). I then pursued a Master’s degree in History at the same university, specializing in Economic History. My thesis focused on the role of the London branch of an Italian bank and its director in leveraging relationships within the City. I analyzed how, through informal channels and an extensive relational network, he was able to obtain information, access resources, and solve strategic problems either for the bank or for Italian economic actors.

In November 2025, I was awarded a joint international PhD (cotutelle) in History (Milan) and Economics (Toulouse). My doctoral dissertation, entitled “Governance, Trade Financing, and Sanctions: A Multi-Layered Analysis of Banca Commerciale Italiana’s Branches in London and New York, 1912–1941,” analyzes the role of multinational banks under authoritarian regimes in the interwar period. Focusing on the foreign branches of Banca Commerciale Italiana in London and New York, I examine governance structures, the mobilization and selection of foreign managers according to their degree of substitutability, the support provided to international trade, and the transformation of banking activities during the Great Depression. The dissertation also investigates strategies of reaction, adaptation, and circumvention in response to economic crises and international sanctions.

During my doctoral training, I developed a more systematic background in economics, as well as in social network analysis and quantitative methods, benefiting in particular from the interdisciplinary research environment of LEREPS (Sciences Po Toulouse). I am currently a fixed-term lecturer of quantitative methods for the social sciences at Sciences Po Toulouse.

My research interests combine economic and financial history, banking history, business history, institutional economics, and social network analysis.



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