UniCredit confirms management changes to Italian operations

Italy’s bank UniCredit has unveiled today a more simplified management structure across the Italian territory, which will be implemented at the beginning of January 2013.

The new structure is designed to allow for a faster and more cost-effective decision making process and it entail the integration of the Corporate banking and Family and SME companies businesses.

UniCredit’s Italian operations will be divided into seven regional divisions: Nord Ovest, Lombardia, Nord Est, Centro Nord, Centro, Sud, Sicilia.

Each entity will be headed by regional managers reporting to Italy’s Country Chairman Gabriele Piccini, who in turn will report to chief executive Federico Ghizzoni.

As part of the organizational changes, UniCredit also confirmed its commitment to private clients and high-net worth individuals (HNWI), which will be advised by an autonomous network

In Italy, UniCredit has about 135,000 private and HNWI clients.

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