MILAN – UniCredit plans to additional simplify its company construction in a transfer that may see Stefano Vecchi, the top of its Italian non-public banking and wealth administration unit, go away the financial institution, an inside memo seen by Reuters confirmed on Monday.
The transfer comes simply weeks after Chief Govt Andrea Orcel took direct accountability for working the Italian financial institution’s home enterprise.
It is usually the most recent in a string of exits of long-standing senior UniCredit executives in latest weeks.
Vecchi turned head of UniCredit’s wealth administration and personal banking division in October final 12 months, when it was created. Orcel, former head of funding banking at Swiss financial institution UBS, took over as CEO in April that very same 12 months.
Within the memo, signed by Orcel and his deputy head of Italy, Remo Taricani, the financial institution mentioned Stefano Chiarlone was appointed new head of finance for Italy, changing Simone Marcucci.
Shopper protection can be firmly centered across the financial institution’s seven areas, with non-public banking to stay inside them, it added.
Post a Comment