Banco BPM the Bod: Appoints the Vice-Chairman Eugenio Rossetti; Appoints the Members of the Board Committees; Verifies the Independence Requirements of Directors: management transactions · Italy · Consob

About Banco BPM the Bod: Appoints the Vice-Chairman Eugenio Rossetti; Appoints the Members of the Board Committees; Verifies the Independence Requirements of Directors

Banco BPM is one of the leading Italian banking groups listed on Borsa Italiana (FTSE MIB), with headquarters in Milan, Italy, and a dense commercial footprint across the country, especially in the northern regions. The group was created on 1 January 2017 through the merger of Banco Popolare and Banca Popolare di Milano, two major Italian cooperative banks, and was subsequently converted into a joint-stock company. This heritage is important: Banco BPM has historically been a relationship-driven regional bank, deeply embedded in local communities and particularly close to households, SMEs and professionals, while progressively evolving into a more diversified financial platform. ([gruppo.bancobpm.it](https://gruppo.bancobpm.it/en/the-group/?utm_source=openai)) Banco BPM’s business model combines a broad retail and commercial banking franchise with higher-value financial services. The group operates across private banking, corporate and investment banking, asset management, bancassurance, consumer finance and payments, both directly and through subsidiaries. Its retail offering includes current accounts, mortgages, digital banking services, savings products and investment solutions. On the corporate side, Banco BPM provides lending, cash management, market solutions and advisory services through its corporate investment banking platform. ([gruppo.bancobpm.it](https://gruppo.bancobpm.it/en/the-group/?utm_source=openai)) From a competitive standpoint, Banco BPM stands out for its extensive presence in Italy’s most industrialized areas, a diversified customer base and a strong exposure to small and medium-sized enterprises. The bank emphasizes its proximity to local business ecosystems, supported by a wide branch network and long-standing brand recognition. Its franchise is especially strong in Lombardy, Veneto, Piedmont and Emilia-Romagna, which reinforces its relevance as a domestic lender to the Italian real economy. That territorial strength, combined with its SME franchise and corporate capabilities, positions Banco BPM as a significant player within the Italian banking landscape. ([gruppo.bancobpm.it](https://gruppo.bancobpm.it/il-gruppo/?utm_source=openai)) Recent developments include the Board of Directors’ announcement on 21 April 2026 appointing Eugenio Rossetti as Vice-Chairman, naming members of the Board committees and confirming directors’ independence requirements. This governance update came alongside a broader period of institutional and strategic activity for the group. Banco BPM also disclosed in May 2026 that Fitch upgraded its issuer rating, which is supportive of the bank’s credit profile and funding flexibility. ([gruppo.bancobpm.it](https://gruppo.bancobpm.it/media/dlm_uploads/2026_04_21-Appointment-of-Deputy-Chair_Committees_Independence.pdf?utm_source=openai)) For international investors, Banco BPM therefore represents a sizeable Italy-focused banking franchise on Borsa Italiana (FTSE MIB), with a well-established domestic distribution network, diversified banking activities and a meaningful presence in core corporate regions of the Italian economy.