UniCredit picks new head of group institutional affairs - memo
Reuters
Published Dec 05, 2022 12:57
MILAN (Reuters) - UniCredit (LON:0RLS) has picked Franco Brescia, 61, as it new head of group institutional affairs from January when his predecessor Maurizio Beretta, will become senior adviser to the bank, an internal memo seen by Reuters showed.
Both Brescia and Beretta, will report to UniCredit's head of stakeholder engagement Joanna Carss.
Beretta, who is 67 and was promoted to lead UniCredit's institutional and cultural affairs in 2018, "will be responsible for continuing to build and leverage relationships at the highest level," the memo signed by Carss said.
In the new position, Beretta will have more time to spend "with leading figures within Italy's institutions and organisations."
"He will continue to be a relevant member of the UniCredit team and have a critical role within group stakeholder engagement," the memo added.
Brescia, currently a senior adviser to UniCredit, has a 30-year experience in public affairs, having held posts at leading companies such as Telecom Italia (BIT:TLIT), Poste Italiane and Atlantia.
Fabrizio Sadun, UniCredit's current head of institutional affairs for Italy and Germany, will expand his remit as part of the reorganisation.
Sadun will "focus on and lead all of the technical elements of group institutional affairs, including management of all key relationships with (banking lobby) ABI and wider trade bodies, and leading on policy development and relevant associations, reporting directly to Franco (Brescia)," the memo said.
Tania Viarnaud, who reports to Carss, will take on responsibility for cultural affairs, it added.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.