MILAN, March 19 (Reuters) - Monte dei Paschi di Siena

Chief Executive Luigi Lovaglio on Thursday sought to

reassure investors that the strategy he outlined for the

combined group with Mediobanca would outlast any

changes at the helm.

Lovaglio, who last year led MPS to acquire Mediobanca, has

been ruled out as a CEO candidate by the bank's board for its

renewal due in April shortly after presenting his strategy for

the joint group.

Answering a question about the governance turmoil at a

Morgan Stanley ( MS ) investor conference in London, Lovaglio said the

uncertainty would be resolved eventually but the plan should be,

in any case, difficult to deviate from.