Corrado Passera, the former CEO of Intesa Sanpaolo and Illimity, is now ready to take on the role of CEO at MPS, a prospect that had previously been considered secondary to his desire for the presidency of the bank. In a recent statement to Citywire while traveling from London to Milan, he noted his willingness to lead the bank, describing MPS as having 'high potential.' This shift in attitude could signal a significant leadership change at MPS, which is attempting to reposition itself within the banking sector.

In a related development, MPS's current CEO, Luigi Lovaglio, recently presented the bank's industrial plan to international investors in London, intensifying focus on the bank’s strategic direction. The upcoming decision on whether Lovaglio will be included in the list of potential candidates to be submitted to shareholders demonstrates the transitional state of MPS's governance, with key players potentially shifting roles or stepping away from the table.

The implications of these developments are profound, as they may alter the management dynamics within MPS significantly. As Passera's interest in taking on the CEO role is seen as a tactical maneuver, it highlights the intense competition for leading the bank at a time when it aims to redefine its identity in the global market. The shareholders' assembly scheduled for April 15 will likely be a pivotal moment for MPS, with decisions made potentially affecting its future direction and stability.