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Home > Finance > Francesco Grosoli to lead Mediobanca's private banking in bank revamp, source says

Francesco Grosoli to lead Mediobanca's private banking in bank revamp, source says

Published by Global Banking and Finance Review

Posted on January 29, 2026

1 min read

Last updated: January 29, 2026

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Quick Summary

Francesco Grosoli has been appointed to lead Mediobanca's private banking division, aiming for broader international reach under new CEO Alessandro Melzi d'Eril.

Francesco Grosoli Appointed to Oversee Mediobanca's Private Banking Division

Leadership Changes at Mediobanca

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.

Overview of Grosoli's Background

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.

Impact of the Reorganization

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)

Key Takeaways

•Francesco Grosoli appointed to lead Mediobanca's private banking.
•The move is part of a broader reorganization by new CEO Alessandro Melzi d'Eril.
•Grosoli has a strong background with HSBC and Barclays.
•Mediobanca aims to expand its international reach.
•Banca Monte dei Paschi di Siena recently acquired a majority stake in Mediobanca.

Frequently Asked Questions about Francesco Grosoli to lead Mediobanca's private banking in bank revamp, source says

1What is private banking?

Private banking refers to personalized financial services and advice offered to high-net-worth individuals, including investment management, estate planning, and tax services.

2What is a CEO?

A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.

3What is investment management?

Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.

Leadership Changes at Mediobanca

Overview of Grosoli's Background

Impact of the Reorganization

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)

Key Takeaways

•Francesco Grosoli appointed to lead Mediobanca's private banking.

•The move is part of a broader reorganization by new CEO Alessandro Melzi d'Eril.

•Grosoli has a strong background with HSBC and Barclays.

•Mediobanca aims to expand its international reach.

•Banca Monte dei Paschi di Siena recently acquired a majority stake in Mediobanca.

Frequently Asked Questions

1What is private banking?

Private banking refers to personalized financial services and advice offered to high-net-worth individuals, including investment management, estate planning, and tax services.

2What is a CEO?

A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.

3What is investment management?

Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.