Andrea Coscelli

Andrea Coscelli
Coscelli in 2016
Partner and Head of Europe, Keystone Strategy
Incumbent
Assumed office
January 2023
Prime MinisterTheresa May
Boris Johnson
Liz Truss
Personal details
Born (1969-02-11) 11 February 1969 (age 55)
Alma materStanford University
Bocconi University

Andrea Coscelli CBE (born 11 February 1969) is an Italian-British economist and businessperson serving as Partner and Head of Europe at Keystone Strategy.

Education

Coscelli was born on 11 February 1969 and is from Parma, Emilia-Romagna.[1] Coscelli completed a laurea in Economics at Bocconi University, Italy.[2] He completed a PhD in economics from Stanford University[3] After graduating from Stanford, Coscelli chose to move to the United Kingdom instead of return to his native Italy. In 2006, Coscelli toldTime Magazine that his decision was based in his belief that politics, not competence, determines one's success in his field in Italy, arguing "We're missing basic meritocracy and generational turnover."[4]

Early career

Coscelli co-founded the not-for-profit organisation, the Association of Competition Economics (ACE) in 2003[3] which aims to bring together competition economists working in government, academia and the private sector to debate and discuss policies and specific cases.[5] He previously held roles at Ofcom, as director of economic analysis and Charles River Associates, as vice president (partner) in the firm's competition practice in London.[3]

Competition and Markets Authority

Coscelli joined the CMA in November 2013 as executive director, markets and mergers (the executive board member leading the directorate responsible for UK merger control, the markets regime and the CMA's work in regulated sectors). Coscelli was the chief executive of the CMA between July 2016 and July 2022.[3][6]

In July 2021, the CMA stepped up its enforcement action against powerful tech firms under Coscelli's leadership, with the Wall Street Journal reporting on the cases launched against Apple, Facebook and Google and a rise in the CMA's casework following the UK's exit from the European Union.[7]

In November 2022, it was announced that Coscelli would join Keystone Strategy LLC as co-head of its European operations.[8]

Honours and recognition

Coscelli was appointed Commander of the Order of the British Empire (CBE) in the 2020 New Year Honours for services to competitive markets.[9]

In 2019, Business Insider named Coscelli 81st in their list of the 100 most influential people shaping British technology in 2019 after the CMA announced it was investigating Amazon's anticipated acquisition of Deliveroo.[10][11]

In 2019, Coscelli was ranked 33rd in Influence Weekly's list of '100 Most Influential People in Influencer Marketing'[12] following the CMA's consumer enforcement work to secure formal commitments from 16 celebrity influencers to stop undisclosed advertising in their social media posts.[13][14]

References

  1. ^ Righi, Stefano (21 January 2021). "Andrea Coscelli, il cavaliere della Regina che combatte contro lo strapotere di Big Tech". Corriere della Sera (in Italian). Retrieved 21 July 2022.
  2. ^ "Antitrust and Market Liberalization in the UK Since Brexit". www.viasarfatti25.unibocconi.eu. 7 June 2018. Retrieved 9 August 2019.
  3. ^ a b c d "Competition Economics - Governance". competitioneconomics.org. Retrieved 30 May 2022.
  4. ^ Israely, Jeff (1 April 2006). "The Fading Future Of Italy's Young". Time. ISSN 0040-781X. Retrieved 21 July 2022.
  5. ^ "About ACE - ACE". www.competitioneconomics.org. Retrieved 9 August 2019.
  6. ^ "Andrea Coscelli appointed CEO of UK's Competition and Markets Authority". Post & Parcel. 26 July 2017. Retrieved 7 January 2020.
  7. ^ "For Big Tech, There's a New Sheriff in Town - Wall Street Journal". www.wsj.com. Retrieved 25 August 2021.
  8. ^ "Coscelli joins Keystone Strategy". Global Competition Review. 29 November 2022. Retrieved 29 November 2022.
  9. ^ "New Year's Honours list in full". Evening Standard. 27 December 2019. Retrieved 7 January 2020.
  10. ^ Wood, Isobel Asher Hamilton, Mary Hanbury, Charlie. "UK Tech 100: The 100 most influential people shaping British technology in 2019". Business Insider. Retrieved 7 January 2020.{{cite web}}: CS1 maint: multiple names: authors list (link)
  11. ^ "Amazon / Deliveroo merger inquiry". GOV.UK. Retrieved 7 January 2020.
  12. ^ "100 Most Influential People in Influencer Marketing". Influence Weekly. 8 December 2019. Retrieved 7 January 2020.
  13. ^ Wakefield, Jane (23 January 2019). "Social media stars agree to declare ads". Retrieved 7 January 2020.
  14. ^ "Celebrities pledge to clean up their act on social media". GOV.UK. 23 January 2019. Retrieved 7 January 2020.