Finance
Francesco Grosoli to lead Mediobanca's private banking in bank revamp, source says
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Francesco Grosoli has been appointed to lead Mediobanca's private banking division, aiming for broader international reach under new CEO Alessandro Melzi d'Eril.
MILAN, Jan 29 (Reuters) - Francesco Grosoli, CEO of Mediobanca's Compagnie Monégasque de Banque (CMB), will become head of the bank's private banking business, a source close to the matter said on Thursday, as part of a push to give the division a broader international reach.
This is the first step in a reorganisation launched by the bank's new CEO Alessandro Melzi d'Eril, who was appointed in October after Banca Monte dei Paschi di Siena concluded a 16 billion euro ($19.12 billion) stock-and-cash offer for Mediobanca, securing 86.3% of its share capital.
Before joining Mediobanca in 2019, Grosoli held a series of senior roles, including head of HSBC Private Banking until 2007 and CEO of Barclays Private Bank for EMEA and Monaco.
($1 = 0.8368 euro)
(Reporting by Gianluca Semeraro in Milan; Editing by Matthew Lewis)
Private banking refers to personalized financial services and advice offered to high-net-worth individuals, including investment management, estate planning, and tax services.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.
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