Air of big changes in Unicredit. After the establishment of the new organizational structure presented last May by the Group’s Chief Executive Officer Andrea Orcel and the appointment of a new Group Executive Committee (GEC), the banking giant announces today further steps in the path of strengthening its operational structure. “The first line of each business and geographical area – the group explains – has been redesigned to reduce overlaps and complexity, while maintaining well-defined control and supervision functions, with the aim of further improving overall efficiency. redesigned with the aim of guaranteeing faster levels of execution and decision-making skills as well as promoting operational excellence, facilitating even stronger links between management, customers and the communities in which the bank operates “.
In the managerial team, the female presence at the GEC level increased (from 15% to 40%) and the territorial one, with “a wider variety of nationalities represented”. “This – explain from Unicredit – confirms the commitment to promote not only a culture based on diversity, equity and inclusion, but also an environment in which multiculturalism is maximized and meritocracy enhanced”.
Andrea Orcel, CEO of UniCredit, commented: “Today’s announcement is a further step towards achieving our goal of simplifying and reducing the complexity that has characterized our business for too long. It is the beginning of a process of greater accountability, which will allow us to unlock all the value inherent in our Group, so that we can better serve our customers and our communities. Part of this simplification process includes the creation of UniCredit Italia, which becomes a geography autonomous and endowed with full powers, alongside Germany, Central Europe and Eastern Europe. A choice that underlines not only the importance of our heritage and our roots, but also the strength of a perfectly integrated pan-European business model, which has no equal “.
All Italian activities are part of the new one UniCredit Italy, an autonomous geography within the Group, equipped with all the necessary levers to best support and satisfy the specificities of the territories and the various local needs. The new UniCredit Italia is led by Antonio Ubertalli, appointed Head of Italy. The business areas on which the new UniCredit Italia will focus are: the Individuals area, led by Barbara Tamburini, which caters to Mass Market, Affluent and Private customers; the Business area, led by Andrea Casini, which manages small, medium and large companies; the Corporate and Investment Banking Italy area (CIB Italia), led by Alfredo De Falco. Customers are served by two complementary networks for the distribution of services and products: the Physical Distribution Network guarantees proximity and relationship services on the territory and is organized in 7 Regions (North West, Lombardy, North East, Center-North Italy, Central Italy, South Italy and Sicily), while the structure dedicated to Alternative Distribution Channels deals with remote channels, UniCredit Direct, buddybank and ATM.