Domenico Ghirlandaio Domenico Bigordi Italian. This dynastic portrait shows the Florentine banker Francesco Sassetti and his young son Teodoro, born in Teodoro was named after his elder brother, who died that same year. The combination of full face and profile gives the picture a decidedly formal quality, in keeping with its function as a commemoration of a loss and regeneration.
Francesco Sassetti 9 March — April  was an Italian banker. Born in Florence , the youngest son of Tommaso Sassetti. He is first recorded as joining the famous Medici bank in either or at seventeen or eighteen years of age as a factor to the Avignon branch, employed by Cosimo de' Medici. His rise was remarkably quick, and he became a junior partner in that branch, and then its general manager, investing his own money in the branch and receiving a share of the profits. By , he had been transferred to the Geneva branch which as before, he invested in  —though he maintained his investment in the Avignon branch ,  and in had returned home to Florence to a position as an adviser to Piero and Lorenzo de' Medici who had succeeded Cosimo ; he also married. Some time after this, he was raised to the highest position in the Medici bank available to non-Medici: "General manager" and was referred to by Lorenzo as nostro ministro. Among other things, Sassetti is vital to studies of the Medici bank because of some surviving documents kept by him: his "secret account book" or libro segreto , is a private set of account books that Sassetti meticulously kept between and They are invaluable for their full and honest statements of Sassetti's finances and for the light they shed on the internal workings of the bank when he was the general manager. They also are interesting in showing how Sassetti made liberal use of interest-bearing deposits and reinvested his earnings from the Medici branches in other enterprises.
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