UniCredit Turns to Its Creator Orcel to Revamp Italian Bank yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
UniCredit Set to Name Andrea Orcel as CEO to Replace Mustier
This content was published on January 26, 2021 - 16:57
January 26, 2021 - 16:57
(Bloomberg) UniCredit SpA is set to appoint Andrea Orcel as chief executive officer, choosing one of Europe’s best known bankers to replace Jean Pierre Mustier, according to people familiar with the discussions.
The bank’s board will meet Wednesday to approve the nomination, some of the people said. They asked to not be named because the matter isn’t public. A spokesman for UniCredit declined to comment.
The appointment will mark Orcel’s return to the top tier of European banking after he left his job as head of UBS Group AG’s investment bank in 2018 only to see an offer to join Banco Santander SA rescinded in a dispute over pay. The 57-year-old Rome native made his reputation as a dealmaker who helped banking executives build empires in the pre-crash era.
UniCredit Narrows CEO Search as Some Investors Push for Orcel
By
Jean Pierre Mustier
(Bloomberg) The race to succeed UniCredit SpA Chief Executive Officer Jean Pierre Mustier is accelerating, with the Italian bank trimming its list of preferred candidates to just three or four after high-profile names such as Tidjane Thiam dropped out of contention.
The bank is now seeking to name a successor earlier than its initial target of Feb. 10, according to people with knowledge of the search. Those still in contention include former UBS Group AG investment banker Andrea Orcel, Fincantieri SpA General Manager Fabio Gallia and UniCredit co-Chief Operating Officer Carlo Vivaldi, the people said, asking not to be named because the process isn’t public.
Italy s Del Vecchio leads UniCredit investor opposition to MPS deal -sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.