New CEO Shelves Predecessorâs Plan to Sell Bankâs Masterpieces
Jul 28 2021, 7:47 PM
July 28 2021, 6:23 PM
July 28 2021, 7:47 PM
(Bloomberg) UniCredit SpA is halting the planned sale of some works of art from a collection dating as far back as the Renaissance, marking the reversal by new Chief Executive Officer Andrea Orcel of a signature policy from his predecessor.
(Bloomberg) UniCredit SpA is halting the planned sale of some works of art from a collection dating as far back as the Renaissance, marking the reversal by new Chief Executive Officer Andrea Orcel of a signature policy from his predecessor.
âUniCredit is halting any further sales and launching new and innovative initiatives to support art and culture,â Orcel said in a statement on Wednesday. Art and culture âhave a deep social value and are closely intertwined with the social function that I believe a bank needs to have in all its communities.â
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