It has been learnt via some sources that the Bank of Italy has demanded from UniCredit SpA, which is Italy's biggest bank, to name the successor as soon as possible.

For now, the CEO of the firm had been Alessandro Profumo.

The central bank that has its base in Rome, through a memo asked UniCredit to give details of the executive powers that were assumed by Dieter Rampl, the Chairperson, who took the office in place of Profumo.

As demanded for a rapid stability, the Bank of Italy asked for details concerning compensation to be offered to Profumo.

Profumo, who is 53 years old backed out from his office after his relationship with the bank's biggest Italian investors took a negative turn concerning Libyan investments in the firm.

UniCredit won't be influenced by "any pressure" on how to replace Profumo, a succession that will be managed quickly "but with great diligence", Rampl, 63, said in a letter to employees yesterday.

No comments were offered by the central bank and UniCredit officers.

It is ever since the year 1997 that Profumo joined UniCredit as Chief Executive, but after shareholders showed anger against him, he decided to resign.

Rampl said that there never had been a problem with Libya as a shareholder.