Minotti held a post as senior executive at Banco BPM, Italy's third largest lender, in charge of relationships with institutions and no-profit organisations.

Rome-headquartered MCC last week named a new board for the next three years with Ferruccio Ferranti as its new chairman.

MCC - which has a focus on the development of Italy's southern regions, where income is below the national average and unemployment is high - controls bailed-out Banca Popolare di Bari, the biggest bank in the south, and its Cassa di Risparmio di Orvieto unit.

It also runs a fund for State guarantee on loans to small and medium businesses.

(Reporting by Giulio Piovaccari; editing by Valentina Za)