Jean Pierre Mustier’s achievement in stabilizing UniCredit during his first year as chief executive was all the more impressive because he did so even while preserving its status as a pan-European commercial bank.
Today it remains the only bank with a top-tier operation in more than one big European economy, holding on to HVB – the German bank UniCredit purchased in the mid 2000s under then-CEO Alessandro Profumo.
When Mustier arrived as chief of Italy’s biggest bank in 2016, don’t forget, there were voices saying it should sell HVB.
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