(Alliance News) - Banca Monte dei Paschi di Siena Spa announced Monday evening that Marco Giorgino has resigned with immediate effect from the board of the Siena-based institution.

Giorgino is leaving because he was appointed as a director of Mediobanca Spa, a role incompatible with that of a director of MPS.

MPS stock closed Monday up 8.6 percent to EUR2.91 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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