Monte dei Paschi revamps commercial chief roles; WorldRemit CEO exits

S&P Global Market Intelligence presents a daily roundup of senior management and board changes at financial institutions in Europe, the Middle East and Africa.

Monte dei Paschi

Banca Monte dei Paschi di Siena SpA reorganized its chief commercial officer roles into three areas amid an announcement of a new business plan to run until 2026.

The Italian lender named Pasquale Marchese as COO of retail area, Maurizio Bai as COO of corporates and private area, and Emanuele Scarnati as COO of large corporate and investment banking.

Marchese has covered managerial roles in Poste Italiane SpA and Mediocredito Centrale. Bai held various roles in Monte dei Paschi, and Scarnati is currently general manager of Monte dei Paschi's unit, MPS Capital Services Banca per le Imprese SpA.

WorldRemit

WorldRemit Ltd. CEO Breon Corcoran has exited the U.K. money transfer company, Sky News has learned.

The uncertainty over whether the company's initial public offering will push through is said to be a factor in the departure of Corcoran, according to the report.

WorldRemit, whose parent is now named Zepz, did not return S&P Global Market Intelligence's request for comment.

Jordan Investment Trust

Jordan Investment Trust PLC appointed Dina Mohd Abdel Hamid Shoman as a board member.

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