Italy's Banca Esperia, Mediobanca and Banca Mediolanum's private bank, has added Michele Forti to its team of bankers.
Paolo Cuniberti has been appointed head of Alternative Asset Management at Mediobanca.
Italy is likely to need a bailout as the country slides into deeper fiscal crisis and a credit crunch spreads to large companies, Mediobanca's analyst Antonio Guglielmi has warned.
It is “inevitable” Italy will need an EU bailout in the next six months, according to analysts at the country’s second largest bank.
Mediobanca is looking at launching Mediobanca Alternative Asset Management (MAAM), a new platform aimed at improving the bank's corporate investment banking activities, the bank's Investor Day report has announced.