Archive · 4 Oct 2025
JPMorgan Exec Tapped as Chairman of Mediobanca by Monte Paschi
Imagine two big companies that do banking.
One of them, called Monte Paschi, bought most of the other, called Mediobanca.
Monte Paschi is now in charge.
They picked a new boss, Vittorio Grilli, who used to work for a big bank called JPMorgan.
They also picked Alessandro Melzi d’Eril as the CEO.
This deal makes a very big bank in Italy, the third-biggest.
It’s a big change for Monte Paschi, which needed help from the government before.
The government likes this because it wants more big banks in the country to compete with others.
JPMorgan's Vittorio Grilli was chosen as the chairman of Mediobanca by Monte Paschi.
Alessandro Melzi d’Eril was chosen as Mediobanca’s CEO.
Monte Paschi gained 86.3% ownership of Mediobanca through a successful takeover.
The takeover is worth over €17 billion ($20 billion).
The deal aims to create Italy's third-largest bank.
- Who
- Vittorio Grilli, Alessandro Melzi d’Eril, Banca Monte dei Paschi di Siena, and Mediobanca
- What
- Monte Paschi chose JPMorgan's Vittorio Grilli as chairman and Alessandro Melzi d’Eril as CEO of Mediobanca after a successful takeover.
- When
- Late Thursday, when Monte Paschi’s board chose Grilli for the role.
- Where
- Italy
- Why
- To reshape Mediobanca after Monte Paschi acquired it, creating the third-largest bank in Italy and fulfilling a government ambition.
- New Chairman
- Vittorio Grilli
- New CEO
- Alessandro Melzi d’Eril
- Buyer
- Banca Monte dei Paschi di Siena
- Acquired Company
- Mediobanca SpA
- Monte Paschi Ownership
- 86.3%
- Deal Value
- €17 billion ($20 billion)