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UniCredit simplifies corporate structure, private banking head Vecchi to leave – memo
2022.07.25 16:46
FILE PHOTO: The UniCredit bank logo in the old city centre of Siena, Italy, June 29, 2017. REUTERS/Stefano Rellandini/File Photo
MILAN (Reuters) – UniCredit plans to further simplify its corporate structure, in a move that will also see Stefano Vecchi, the head of its Italian private banking and wealth management unit, leave the bank, an internal memo seen by Reuters showed on Monday.
The move comes just weeks after Chief Executive Andrea Orcel took direct responsibility for running the Italian bank’s domestic business.
Vecchi became head of the wealth management and private banking division in October last year, when it was created.
