Stefano Di Stefano, a non-independent director and member of the credit institution’s Risk and Sustainability Committee, has resigned from his position at Monte dei Paschi di Siena. The resignation from MPS is effective immediately, “for personal reasons and in relation to the opening of investigations against him”. The bank, “having taken note of the decision taken, thanks Di Stefano for the work carried out as a member of the board of directors in recent years”.
The investigation
Di Stefano is also director of the Ministry of Economy and Finance. In recent days he was registered on the register of suspects by the Milan prosecutor’s office on charges of insider trading. Di Stefano would have purchased shares of Mediobanca and Mps, for around 100 thousand euros, in the period close to the Ops on Piazzetta Cuccia, and would have thus obtained a profit of a few thousand euros. The manager had also been intercepted during the investigations into MPS’s takeover of Mediobanca. The others investigated in the investigation are the manufacturer and publisher Francesco Gaetano Caltagirone, the number one of Luxottica, Francesco Milleri, and the CEO of MPS, Luigi Lovaglio.
Career
Graduated in Economics at Luiss in Rome, after some banking and IRI experience, from 2000 to 2009 Di Stefano worked in Invitalia dealing with the evaluation of investment projects for the acquisition of shareholdings in companies, the monitoring and management control of subsidiaries, and the management of the Fund for the rescue of companies in crisis.