UniCredit’s new CEO Andrea Orcel opens door to deals to restore growth
06 May 2021 - 17:15
Italian lender UniCredit’s new CEO, Andrea Orcel, signalled that he’s open to pursuing takeovers in a more ambitious growth strategy after a long period of retrenchment under his predecessor.
Orcel, in his first public comments in the role, said his aim is to move UniCredit away from restructuring to delivering sustainable returns, with deals as one potential option to reach strategic goals faster. After a cleanup under former CEO Jean Pierre Mustier, the bank is in a strong position in terms of capital, liquidity and asset quality, he said...
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