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A bolt from the blue

By Richard Metcalf 14 May 2021 Bankers woke up on May 12 to find themselves in a changed world, quickly realising they would need to adapt to a new set of circumstances. No, not the capital markets bankers who are suddenly dealing with higher than expected US inflation figures, but the senior figures at UniCredit who finally found out what CEO Andrea Orcel had in store for them. The changes at the top of the Italian lender came suddenly and unexpectedly, according to sources at the bank. Those tasked with communicating the firm’s strategy to the outside world claimed that even they did not know who had survived the chop and who had not.

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UniCredit Reshuffles Management in First Move Under CEO Orcel

May 12 2021, 3:45 PM May 12 2021, 12:37 PM May 12 2021, 3:45 PM (Bloomberg) UniCredit SpA Chief Executive Officer Andrea Orcel drastically reduced the ranks of top management and cut back on co-head structures to simplify decision-making as part of his first major changes since taking over. (Bloomberg) UniCredit SpA Chief Executive Officer Andrea Orcel drastically reduced the ranks of top management and cut back on co-head structures to simplify decision-making as part of his first major changes since taking over. In a bid to increase accountability, Orcel set up a new group executive committee of 15 members to replace the previous 27-member body, the Milan-based lender said in a statement on Tuesday.

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Andrea Orcel, Fabio Gallia şi Carlo Vivaldi candidează la conducerea UniCredit SpA

Andrea Orcel, Fabio Gallia şi Carlo Vivaldi candidează la conducerea UniCredit SpA
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Cine poate deveni CEO al UniCredit? Andrea Orcel, care a condus divizia de investiţii a UBS, Fabio Gallia, şeful Fincantieri, sau Carlo Vivaldi, codirector operaţional în UniCredit, sunt pe listă

Cine poate deveni CEO al UniCredit? Andrea Orcel, care a condus divizia de investiţii a UBS, Fabio Gallia, şeful Fincantieri, sau Carlo Vivaldi, codirector operaţional în UniCredit, sunt pe listă
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UniCredit Narrows CEO Search as Some Investors Push for Orcel

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.

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