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UniCredit: Andrea Orcel is Possible Successor to Profumo

Published: September 24, 2010; 11:20 · (Vindobona)

Andrea Orcel, chief executive of the Global Banking and Markets division of Bank of America Merrill Lynch is rumored to be the favorite in the race to succeed the retiring UniCredit CEO Alessandro Profumo.

UniCredit: Andrea Orcel is Possible Successor to Profumo / Picture: © Reuters

Andrea Orcel (49) has already conducted  talks with the deputy chairman of UniCredit, Fabrizio Palenzona and with Paolo Biasi, President of the Savings Bank Foundation Cariverona, one of the major shareholders of Bank Austria's mother company, Italian media report.

As reported by Vindobona, the Italian Central Bank has called upon UniCredit to appoint as soon as possible a…

This article includes a total of 97 words.

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