(Alliance News) - Banco BPM Spa announced Monday that as of the beginning of July, Adolfo Pellegrino has joined the bank's management team as Chief Innovation Officer.

"With the appointment of the new Chief Innovation Officer, Banco BPM intends to further enhance the framework adopted so far in the area of technological innovation and digitalization as key enablers of core business growth. Pellegrino will assist the CEO and top management in the continuation of the group's digital transformation path and in the streamlining of the operational machine, also through the simplification of activities," the company explained in a note.

He is entrusted with the leadership of the Information Technology, Data Governance and Security and Operations and Real Estate functions.

Banco BPM trades in the green by 1.9 percent at EUR4.30 per share.

By Claudia Cavaliere, Alliance News reporter

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