Finance
Mps CEO Says Plan for Combined Group With Mediobanca Stands Even With Management Changes
Published by Global Banking & Finance Review®
Posted on March 19, 2026
1 min readLast updated: March 19, 2026
Quick Summary
MPS CEO Luigi Lovaglio reassured investors that the strategic plan for a combined group with Mediobanca remains intact, despite his exclusion from the upcoming CEO shortlist.
MPS CEO Confirms Combined Strategy with Mediobanca to Remain Amid Leadership Changes
Leadership Stability and Strategic Direction at Monte dei Paschi di Siena
CEO Lovaglio Reassures Investors on Strategic Continuity
MILAN, March 19 (Reuters) - Monte dei Paschi di Siena Chief Executive Luigi Lovaglio on Thursday sought to reassure investors that the strategy he outlined for the combined group with Mediobanca would outlast any changes at the helm.
Background: MPS Acquisition of Mediobanca
Lovaglio, who last year led MPS to acquire Mediobanca, has been ruled out as a CEO candidate by the bank's board for its renewal due in April shortly after presenting his strategy for the joint group.
Addressing Governance Turmoil and Investor Concerns
Answering a question about the governance turmoil at a Morgan Stanley investor conference in London, Lovaglio said the uncertainty would be resolved eventually but the plan should be, in any case, difficult to deviate from.
Reporting and Editorial Credits
(Reporting by Valentina Za, editing by Gianluca Semeraro)
Key Takeaways
- •Lovaglio emphasized continuity of the combined MPS–Mediobanca strategy regardless of leadership changes, citing integration progress and significant benefits from the deal (retailbankerinternational.com).
- •The board of MPS is renewing its governance in April, and Lovaglio has been excluded from the shortlist, raising questions about his reappointment (lapresse.us).
- •MPS targets substantial long‑term returns: adjusted net profits rising from €2.4 bn in 2025 to €3.7 bn by 2030, full merger benefits by 2028, with integration and synergies underway (retailbankerinternational.com)
References
Frequently Asked Questions about MPS CEO says plan for combined group with Mediobanca stands even with management changes
1What did MPS CEO Luigi Lovaglio say about the group strategy with Mediobanca?
Luigi Lovaglio stated that the strategy for the combined group with Mediobanca would remain in place regardless of any management changes.
2Is Luigi Lovaglio a candidate to remain CEO of MPS?
No, the MPS board has ruled out Luigi Lovaglio as a CEO candidate for the upcoming board renewal in April.
3How is management uncertainty affecting the MPS-Mediobanca plan?
Lovaglio assured investors that despite governance turmoil, the plan should be difficult to deviate from and uncertainty will be resolved.
4Where did Lovaglio address questions about governance changes?
He spoke at a Morgan Stanley investor conference in London.
