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Mps, Profumo (temporary) and Viola re-nominated for leadership

The syndicate agreement made up of the Mps Foundation, Fintech and Big Pactual presented the list for the renewal of the Monte dei Paschi board at the next meeting, confirming its trust in the president Alessandro Profumo and in the CEO Fabrizio Viola – Profumo will remain, however, by personal choice , time-based only: until the capital increase or merger

Confidence confirmed for Alessandro Profumo and Fabrizio Viola at the head of Monte dei Paschi. The shareholders' agreement, which is made up of the Mps Foundation and the South American funds Fintech and Big Pactual and which represents the bank's largest shareholder with a 9% stake, has filed a list of its candidates for the new board of directors in view of the meeting on April 14th.

Among the seven candidates of the pact, the names of Alessandro Profumo stand out, who will be confirmed as president, and of Fabrizio Viola who will represent the continuity of management leadership as CEO.

By personal choice and with the intention of developing his own financial project, Profumo will remain at the top of the bank only for a limited time: his idea is to conclude the new mandate after the imminent capital increase of 3 billion and to leave Mps in July .

However, the president of the Foundation, Marcello Clarich, has hoped that Profumo will remain even until the completion of the possible merger with another bank (the hypothesis is made of Ubi but not only) which will come to life immediately after the recapitalization.

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