UBS appoints head of Italy division

UBS has appointed Fabio Innocenzi as chief executive of its Italian private banking division.

Innocenzi succeeds Ferruccio Ferri, who has been promoted to another senior role within the bank.

He joins from Intesa Sanpaolo, where from 2009 he was responsible for the group’s North-East Italy division and head of Cassa di Risparmio del Veneto.

Prior to his roles at Intesa Sanpaolo, he was chief executive at Banco Popolare, the result of a merger between Banco Popolare di Verona e Novara and Banca Popolare d’Italia. The group has more than 2,000 branches, mainly throughout Northern Italy. He subsequently served on the bank’s management board.

He has also served on the board of Banca Aletti, a Milan-based private bank, and on the boards of Dexia SA, Credito Bergamasco and Banca per il Leasing Italease, among others.

He also has experience of heading UniCredit’s asset management subsidiary, Pioneer Investments.

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