UniCredit’s headquarters – Italy’s tallest building – tower over the Milan skyline in a blunt celebration of growth. Given that the bank’s share price has tripled in the two years to June 2024, the 32-story building could be seen as a reflection of the ambitions of its chief executive, Andrea Orcel.
Orcel, who was head of UBS’s investment bank for most of the 2010s, now presides over a refocused and balance sheet-light approach at UniCredit.
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