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Mediobanca SpA Chief Executive Officer Alberto Nagel is expected to resign Thursday along with the rest of the lender’s board, paving the way for a change of governance after Banca Monte dei Paschi di Siena SpA effectively won control over the rival.
Mediobanca’s board, which is meeting to approve results, will likely relinquish its role and call an investor meeting for late October to name new board members to reflect the change of control, Bloomberg news has reported.