Italian banks rejig top brass as stocks stagnate

CFO leaves MPS for UniCredit after new chairman arrives; lack of buyers stymies M&A.

There have been more senior banking reshuffles in Italy, as the sector continues to struggle to attract investors. Bernardo Mingrone, formerly chief financial officer and deputy general manager at Monte dei Paschi di Siena (MPS), has joined UniCredit as chief financial officer.

The CFO job at Italy’s biggest bank became vacant with the departure of Roberto Nicastro, a senior figure at UniCredit since the early 2000s, who helped the bank build its network in central and eastern Europe.

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