Italy names first female board member

Anna Maria Tarantola, the managing director of the Bank of Italy's banking and supervision unit, will replace Antonio Finocchiaro in the new year as deputy director-general at the central bank. In doing so, she will become the first woman to sit on the central bank's governing board in the institution's 115-year history.

Tarantola has been deputy director general since February 2007. She has devoted her entire career to the central bank, joining the Milan branch in 1971. During her 37-year te