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Veneto Banca picks new board ahead of cash call

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Veneto Banca picks new board ahead of cash call

's shareholdersappointed a new board ahead of a €1 billion cash call earmarked for later inMay.  

Shareholderschose Stefano Ambrosini as the bank's new chairman, replacing Pierluigi Bolla.

Thestruggling Italian lender must raise the cash to fill a capital shortfallidentified by the ECB. A state-backed fund could invest in the bank if privateshareholders should fail to show sufficient interest.